TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Results; Enhanced Liquidity Position and Projects Improved Profitability for the Second Half of 2024
TPI Composites, Inc. (TPIC)
Last tpi composites, inc. earnings: 2/27 04:01 pm
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US:NASDAQ Investor Relations:
tpicomposites.com/english/investors/default.aspx
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Source: GlobeNewswire
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 of the opportunity to strengthen our strategic position ahead of the wind market’s anticipated recovery and improve our liquidity,” said Bill Siwek, President and CEO of TPI Composites. “Our recently announced refinancing of Oaktree’s Series A Preferred Stock holdings provides TPI with approximately $190 million of improved liquidity through the life of the loan, permanently reduced future obligations by up to $90 million and gives us greater financial flexibility to execute on our strategic initiatives in 2024 and beyond.” “In the fourth quarter, we deepened o
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News
- TPI Composites, Inc. Announces First Quarter 2024 Earnings Release Date and Conference CallGlobeNewswire
- Edward Hall Nominated to Join the Board of Directors of TPI Composites, Inc. [Yahoo! Finance]Yahoo! Finance
- Edward Hall Nominated to Join the Board of Directors of TPI Composites, Inc.GlobeNewswire
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TPIC
Earnings
- 2/22/24 - Beat
TPIC
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEF
- 4/12/24 - Form PRE
- TPIC's page on the SEC website