TPI Composites, Inc. Provides Preliminary Earnings Guidance for the Second Quarter Ended June 30, 2021 and Updates Earnings Guidance for the Full Year Ending December 31, 2021
July 22, 2021 at 04:01 pm EDT
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TPI Composites, Inc. provided preliminary earnings guidance for the second quarter ended June 30, 2021 and updated earnings guidance for the full year ending December 31, 2021. For the quarter, the company expects net sales to be $458.8 million. Net loss to be $42.6 million.
For the year, the company expects net sales to be in the range of $1.75 billion to $1.80 billion compared to previous guidance range of $1.75 billion to $1.85 billion. Projected net loss to be in the range of $58 million to $65 million.
TPI Composites, Inc. is a manufacturer of composite wind blades for the wind energy market. The Companyâs geographic segments include the United States, Mexico, Europe, the Middle East and Africa and India. It enables wind turbine original equipment manufacturers (OEM) to outsource the manufacturing of a portion of their wind blades through its global footprint of advanced manufacturing facilities strategically located to serve wind markets. It also provides field service inspection and repair services to its OEM customers and wind farm owners and operators. Its field service inspection and repair services include diagnostic, repair and maintenance service offerings for wind blades that have been installed on wind turbines located at wind farms. It has produced precision molding and assembly systems, ranging from 30 meters to over 80 meters in length, to support its global operations. Its tooling solutions include precision wind blade patterns, precision molding and assembly systems.
TPI Composites, Inc. Provides Preliminary Earnings Guidance for the Second Quarter Ended June 30, 2021 and Updates Earnings Guidance for the Full Year Ending December 31, 2021
TPI COMPOSITES, INC. 
