SCOTTSDALE, Ariz., May 22, 2024 (GLOBE NEWSWIRE) -- Today TPI Composites, Inc., (TPI) (Nasdaq: TPIC) announced its contributions on the Kenworth SuperTruck 2 that is being exhibited at the Advanced Clean Transportation (ACT) Expo in Las Vegas, Nevada. The all-composite cab, engineered and manufactured by TPI, pushes the boundaries of weight reduction and aerodynamics. TPI’s expertise in the development and design of... Read More

SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) today announced a groundbreaking initiative in partnership with the University of Maine Advanced Structures and Composites Center (ASCC) and Oak Ridge National Laboratory to utilize one of the world's largest 3D printers for the production of wind turbine tooling. The goal of this project is to understand how new technologies can... Read More

SCOTTSDALE, Ariz., May 02, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2024. “As expected, sales and adjusted EBITDA for the first quarter of 2024 were impacted by the timing of production line startups and transitions. As our customers prepare for an expected multi-year global wind market growth environment, we are excited to partner... Read More

SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2024 results after the market close on Thursday, May 2, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers,... Read More

SCOTTSDALE, Ariz., April 09, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (Nasdaq: TPIC) announced today that Edward “Ned” Hall has been nominated to join its board of directors, and if elected, will become a director, effective immediately upon the conclusion of TPI’s annual meeting of stockholders on May 29, 2024. TPI also announced that Philip Deutch and Linda Hudson were retiring from TPI’s Board of Directors,... Read More

SCOTTSDALE, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today published its 2023 sustainability report highlighting its progress on organizational and global impacts related to sustainability. Bill Siwek, President, and CEO noted, “Providing the means necessary for the world to embrace renewable energy and reduce reliance on fossil fuels is the foundation of our company and we are dedicated... Read More

SCOTTSDALE, Ariz., Feb. 22, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2023. “Once again, we demonstrated our ability to navigate a challenging macro environment and finished 2023 with $161 million of unrestricted cash, resulting from a significant improvement in working capital. Throughout the year, we took advantage... Read More

SCOTTSDALE, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its fourth quarter and full year 2023 results after the market close on Thursday, February 22, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international... Read More

SCOTTSDALE, Ariz., Jan. 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today the signing of its expanded supply agreements with GE Vernova in Mexico with additional production lines in a third facility within TPI’s Juarez campus to manufacture GE Vernova’s “workhorse” wind turbine blade... Read More

SCOTTSDALE, Ariz., Dec. 19, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended and expanded its supply agreements with Nordex in Türkiye. Under the terms of the amended agreements, TPI will add two lines of manufacturing capacity bringing the total capacity under... Read More

Improves liquidity by approximately $190 million Permanently reduces future obligations by up to $90 million SCOTTSDALE, Ariz., Dec. 14, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC) (“TPI” or “the Company”) announced today that it has entered into a binding agreement (the “Agreement”) with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to refinance Oaktree’s outstanding Series A Preferred Stock... Read More

SCOTTSDALE, Ariz., Nov. 27, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), announced today that it has appointed Charles (Chuck) Stroo as Chief Operating Officer, Wind, effective November 27, 2023. In his role, Chuck will lead TPI’s global wind manufacturing operations. Prior to joining TPI, Chuck served in multiple, global operational roles at Collins Aerospace, most recently as Vice President of Power... Read More

SCOTTSDALE, Ariz., Nov. 02, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the third quarter ended September 30, 2023. "I was pleased with the results of our focus on cash flow and liquidity in the quarter as we finished with $161 million of unrestricted cash. Our team executed numerous cash flow initiatives to help us navigate a quarter that included a $22.6 million charge... Read More

SCOTTSDALE, Ariz., Oct. 12, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its third quarter 2023 results after the market close on Thursday, November 2, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers,... Read More

SCOTTSDALE, Ariz., Sept. 13, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) announced today that it has moved to the second phase of development with the University of Tennessee Knoxville (UT) in creation of glass fiber yarns from end-of-life wind blades. The completion of the second phase will create new opportunities for materials reclaimed from decommissioned blades. The recycled materials enable... Read More

SCOTTSDALE, Ariz., Aug. 22, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) has partnered with Navistar, Inc. (“Navistar”) on an all composite cab, trailer box, and aero package for the International ® SuperTruck II. The project which was co-funded by the U.S. Department of Energy and Navistar, brought... Read More

SCOTTSDALE, Ariz., Aug. 03, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2023. “I’m pleased to report that TPI and GE have reached an agreement in principle to amend their existing supply agreement in Mexico to add four new lines of capacity to produce blades for GE’s “workhorse” turbine in Juarez, with an initial term through 2025. TPI... Read More

SCOTTSDALE, Ariz., July 26, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today announced selected, preliminary estimated financial results for the second quarter ended June 30, 2023, and provided updated guidance for the year ending December 31, 2023. Additionally, the Company reaffirmed it will release second quarter 2023 earnings after the market close on Thursday, August 3, 2023, to be followed by a... Read More

SCOTTSDALE, Ariz., July 20, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) announced today that it has hired Neil Jones as its Chief Quality Officer, effective August 1, 2023. In this newly-created position, Neil will oversee all quality processes, systems and controls relating to TPI’s wind business and will report directly to TPI’s President and Chief Executive Officer, Bill Siwek. Neil brings over 25... Read More

SCOTTSDALE, Ariz., July 13, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its second quarter 2023 results after the market close on Thursday August 3, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-888-886-7786, or for international callers,... Read More

SCOTTSDALE, Ariz., July 11, 2023 (GLOBE NEWSWIRE) -- Stephen Nolet, Senior Director of Innovation and Technology at TPI Composites, Inc ., (TPI) (Nasdaq: TPIC) is a contributing author in the Wind Energy Science journal’s 2023 “Grand Challenges in the Design, Manufacture, and Operation of Future Wind Turbine Systems” . More than ten industry leaders from across the globe discuss modern wind turbines, future challenges and... Read More

SCOTTSDALE, Ariz., May 30, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc . (NASDAQ: TPIC) (“TPI” or the “Company”), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced on May 24, 2023 that its 2023 Annual Meeting of Stockholders scheduled for May 24, 2023 (the “Annual Meeting”) has been adjourned to June 22, 2023 at 1:00 pm Arizona Time, and will take place via... Read More

SCOTTSDALE, Ariz., May 15, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. , (TPI) (Nasdaq: TPIC) has sponsored five students from Charles E. Shea High School (Shea High School) of Pawtucket, Rhode Island to attend the 2023 National KidWind Challenge at the University of Colorado Boulder. The students were invited after winning... Read More

SCOTTSDALE, Ariz., May 03, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2023. “Despite a challenging global wind market and economic climate, we delivered solid sales and earnings performance, which were in line with our internal plans,” said Bill Siwek, President and CEO of TPI Composites. “To further bolster our balance sheet, we issued... Read More

SCOTTSDALE, Ariz., April 24, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) and Helicoid Industries Inc. collaborated to design a bio-inspired lightweight EV underbody protection panel using Helicoid™ technology. The solution leverages digital engineering, unconventional layup scenarios, biomimicry, advanced multiaxial intelligent weaving, and automated manufacturing to deliver a durable, low-cost,... Read More

SCOTTSDALE, Ariz., April 12, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2023 results after the market close on Wednesday, May 3, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers,... Read More

SCOTTSDALE, Ariz., March 28, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. , (Nasdaq: TPIC) announced today the release of its 2022 sustainability report spotlighting Environmental, Social, and Governance (ESG) organizational and global impacts. “TPI is uniquely positioned and focused on addressing two of the greatest challenges impacting our world today – the global energy crisis and climate change. The geopolitical and... Read More

SCOTTSDALE, Ariz., March 08, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC) has partnered with Tex-Tech (Kernersville, NC) and Carbon Rivers (Knoxville, TN) in a pilot program to process end-of-life wind blades, pyrolyze the material and process the recovered glass fiber into liners for cured in place pipe... Read More

SCOTTSDALE, Ariz., Feb. 28, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) announced today the pricing of its offering of $115.0 million aggregate principal amount of 5.25% convertible senior notes due 2028 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The... Read More

SCOTTSDALE, Ariz., Feb. 27, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) announced today that it has commenced a private offering of $100.0 million aggregate principal amount of convertible senior notes due 2028 (the “notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with... Read More

SCOTTSDALE, Ariz., Feb. 22, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2022. “We finished 2022 strong and I am proud of our team for the results TPI delivered in a very challenging operating environment,” said Bill Siwek, President and CEO of TPI Composites. “Recently announced partnerships and long-term strategic... Read More

SCOTTSDALE, Ariz., Feb. 06, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its fourth quarter and full year 2022 results after the market close on Wednesday, February 22, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-9208, or for... Read More

SCOTTSDALE, Ariz., Jan. 18, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), announced today that it has collaborated with WindSTAR, a National Science Foundation (NSF) funded Industry-University Cooperative Research Center, to design a composite manufacturing process based on a digital twin approach as released today in the 2022 WindSTAR Annual Report . The project leveraged machine learning (ML) using... Read More

SCOTTSDALE, Ariz., Jan. 05, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. , (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended its supply agreements with GE Renewable Energy (GE) through 2025. GE and TPI also plan to work together on GE’s next generation blade types including the possibility of adding more... Read More

TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it signed an agreement with GE Renewable Energy that enabled TPI to secure a ten-year lease extension of its manufacturing facility in Newton, Iowa. Under the agreement, GE and TPI plan to develop competitive blade manufacturing options to best serve GE’s... Read More

TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended its supply agreement with ENERCON in Türkiye through 2025 in support of ENERCON’s domestic projects in Türkiye and export projects. “We are pleased to announce this extension of our contract in our Izmir, Türkiye facility and continuation of... Read More

TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the third quarter ended September 30, 2022. “In the third quarter, TPI delivered strong adjusted EBITDA growth and finished the quarter with a cash position of $129 million,” said Bill Siwek, President and CEO of TPI Composites. “We continue to focus on managing our cost structure and efficiently operating our facilities despite a challenging macro... Read More

TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its third quarter 2022 results after the market close on Thursday, November 3 rd , 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-232-4484, or for international callers, 1-212-231-2921. A replay will be available two hours... Read More

TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the second quarter ended June 30, 2022. “Our second quarter results showcased our team’s continued focus on improving our operations and reducing costs in the midst of a challenging wind market,” said Bill Siwek, President and CEO of TPI Composites. “Our efforts in the second quarter drove utilization to 84%, consistent with our expectations, while... Read More

TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its second quarter 2022 results after the market close on Wednesday, August 3 rd , 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-9208, or for international callers, 1-201-493-6784. A replay will be available two hours... Read More

TPI Composites, Inc., (TPI) (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, announced today that it has appointed Ryan Miller as Chief Financial Officer, effective May 23, 2022. In his role as Chief Financial Officer, Ryan will lead TPI’s finance, accounting and investor relations functions. Prior to joining TPI, Ryan served in various financial and investor relations roles... Read More

Adopts Majority Voting Standard for Uncontested Elections Commits to Seeking Stockholder Approval to Remove Supermajority Requirements in Governing Documents Highlights Focus on Corporate Governance Best Practices and Responsiveness to Stockholders TPI Composites, Inc. (Nasdaq: TPIC) (“TPI” or the “Company”) today announced that its Board of Directors (the “Board”) has approved certain additional changes to the Company’s... Read More

TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the first quarter ended March 31, 2022. “We finished the first quarter ahead of our expectations driven by our ability to produce more sets than planned while also benefitting from the team’s acute focus on driving out costs,” said Bill Siwek, President and CEO of TPI Composites. “Although the broader macro environment for the wind industry remains... Read More

TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2022 results after the market close on Thursday, May 5 th , 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-869-3847, or for international callers, 1-201-689-8261. A replay will be available two hours after... Read More

TPI Composites, Inc. (Nasdaq: TPIC), today published its 2021 sustainability report highlighting its progress on Environmental, Social, and Governance (ESG) initiatives. “It has been my long-standing desire for TPI to set the “Gold Standard” when it comes to ESG performance. It is not a singular destination; rather, it is our ongoing commitment to improve the well-being of our associates, communities, and our environment,”... Read More

TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the fourth quarter and full year ended December 31, 2021. “We achieved record net sales in 2021 despite the ongoing challenges the broader wind industry faced, including supply chain costs and constraints, logistics costs and the lingering effects of COVID,” said Bill Siwek, President and CEO of TPI Composites. “Our results of operations for 2021 and... Read More

TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its fourth quarter and full year 2021 results after the market close on Thursday, February 24 th , 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-9208, or for international callers, 1-201-493-6784. A replay will be... Read More

TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the third quarter ended September 30, 2021. Highlights For the quarter ended September 30, 2021: Net sales of $479.6 million Net loss of $30.7 million or ($0.83) per diluted share EBITDA loss of $6.5 million Adjusted EBITDA of $0.2 million KPIs 3Q’21 3Q’20 Sets¹ 830... Read More

TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, announced today that it has entered into a stock purchase agreement to issue and sell $400 million of Series A Preferred Stock to investment funds managed by Oaktree Capital Management (“Oaktree”). Under the terms of the stock purchase agreement, TPI will issue and sell $350 million of Series A Preferred... Read More

TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its third quarter 2021 results after the market close on Monday, November 8 th , 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-9208, or for international callers, 1-201-493-6784. A replay will be available two hours... Read More

TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the second quarter ended June 30, 2021. Highlights For the quarter ended June 30, 2021: Net sales of $458.8 million Net loss of $39.8 million or ($1.08) per diluted share EBITDA of $4.3 million Adjusted EBITDA of $17.4 million KPIs 2Q’21 2Q’20 Sets¹ 843 788 Estimated... Read More

TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today announces selected, preliminary estimated financial results for the three months ended June 30, 2021, and updated guidance for the year ending December 31, 2021. The Company also announces today that it is has commenced production under a new long-term supply agreement with Nordex in Mexico and has... Read More

TPI Composites, Inc. , (TPI) (Nasdaq: TPIC) announced today that it has hired Jerry Lavine as its President, Transportation, effective June 30, 2021. In this position, Jerry will oversee the Company’s transportation business. Jerry brings nearly 30 years of experience in the automotive industry in technical, operational and commercial roles. Jerry has recently served as a consultant to new entrant automotive manufacturers... Read More

TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the first quarter ended March 31, 2021. Highlights For the quarter ended March 31, 2021: Net sales of $404.7 million Net loss of $1.8 million or $0.05 per diluted share EBITDA of $5.4 million Adjusted EBITDA of $13.1 million KPIs 1Q’21 1Q’20 Sets¹ 814 731 Estimated... Read More

TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2021 results after the market close on Thursday, May 6 th , 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-256-6033, or for international callers, 1-303-223-4395. A replay will be available two hours after... Read More

TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today published its 2020 sustainability report highlighting its Environmental, Social, and Governance (ESG) initiatives. “TPI is committed to help decarbonize the electric sector and electrify the vehicle fleet. While 2020 was a challenging year in many ways, I am pleased with the continued progress we... Read More

TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the fourth quarter and full year ended December 31, 2020. Highlights For the quarter ended December 31, 2020: Net sales of $465.6 million Net income of $5.2 million or $0.14 per diluted share EBITDA of $30.5 million Adjusted EBITDA of $40.8 million For the full year... Read More

TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its fourth quarter and full-year 2020 results after the market close on Thursday, February 25 th , 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing 1-877-300-8521, or for international callers, 1-412-317-6026. A replay will be... Read More