TPI Composites, Inc. Announces First Quarter 2019 Earnings Results
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TPI Composites, Inc. (TPIC) Misses Q1 EPS by 41c, Revenues Beat; Offers FY19 EPS Guidance Below Consensus, FY19 Revenue Mid-Point Views Below Consensus
May 8, 2019 4:05 PM EDTTPI Composites, Inc. (NASDAQ: TPIC) reported Q1 EPS of ($0.35), $0.41 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $299.8 million versus the consensus estimate of $292.64 million.
As explained in our press release issued last week, our first quarter results were disappointing due to a few extraordinary events which occurred during the quarter, said Steve Lockard, CEO of TPI Composites. Despite the challenges we faced, specifically the difficulties with Senvion and the loss of production because of labor issues in Matamoros, our mature operations are performing at or above expectations and... More
