TPI Composites Earnings Call Transcripts
Fiscal Year 2025
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Q1 2025 saw 14% revenue growth, improved EBITDA margin, and positive operating cash flow, with strong U.S. demand offset by challenges in Turkey and ongoing tariff and policy uncertainties. Strategic review and sustainability initiatives are underway, with 2025 guidance reaffirmed.
Fiscal Year 2024
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Q4 2024 saw 17.7% revenue growth, strong cash flow, and improved operational performance, driven by restructuring and higher utilization. 2025 guidance calls for $1.4–$1.5B revenue, 2%-4% EBITDA margin, and continued focus on U.S. demand and cost savings.
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Q3 2024 saw a return to positive adjusted EBITDA and operating cash flow, with sales up 23% sequentially and 3% year-over-year. Despite headwinds in Türkiye and India, strong U.S. demand and new capacity are expected to drive growth in 2025.
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Q2 2024 saw lower sales and adjusted EBITDA due to plant transitions and the Nordex Matamoros exit, but profitability is expected in the second half as operations stabilize. Full-year guidance is reaffirmed, with strong U.S. demand and a $100 million adjusted EBITDA target for 2025.