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Stock impact report

TPI Composites Inc (TPIC) Reports Mixed 2023 Financial Results Amidst Industry Challenges [Yahoo! Finance]

TPI Composites, Inc. (TPIC) 
Last tpi composites, inc. earnings: 2/27 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Net Income : Reported a net income of $11.6 million in Q4 2023, a significant improvement from a loss of $41.9 million in Q4 2022. Adjusted EBITDA : Experienced a loss of $28.1 million in Q4 2023 versus a gain of $21.2 million in Q4 2022. Liquidity : Ended 2023 with $161.1 million in unrestricted cash and cash equivalents. 2024 Guidance : Projects net sales from continuing operations between $1.3 billion and $1.4 billion with an adjusted EBITDA margin of 1% to 3%. Capital Expenditures : Increased to $36.1 million for the year ended December 31, 2023, from $18.8 million in 2022. Warning! GuruFocus has detected 4 Warning Signs with TPIC. On February 22, 2024, TPI Composites Inc ( NASDAQ:TPIC ) released its 8-K filing , detailing the financial results for the fourth quarter and full year ended December 31, 2023. The company, a leading manufacturer of composite wind blades, operates across various geographies, with a significant revenue stream from Mexico. Despite a challengi Show less Read more
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