TPI Composites Full Year 2024 Earnings: Misses Expectations

TPI Composites (NASDAQ:TPIC) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.33b (down 8.5% from FY 2023).
• Net loss: US$210.1m (loss widened by 22% from FY 2023).
• US$4.43 loss per share (further deteriorated from US$4.04 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TPI Composites Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for TPI Composites (2 are concerning!) that we have uncovered.

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