Tpic investor relations

TPI Composites, Inc.

Forgot password? Don't have an account? Sign Up! Already have an account? Eastern Time on the same day. The conference call can be accessed live over the phone by dialing , or for international callers, A replay will be available two hours after the call and can be accessed by dialing , or for international callers,

Tpic investor relations

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As you know, we have made meaningful investments to expand the automotive business during the last several years.

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Transitions were a bright spot in the first quarter, especially in our China and India facilities. Strategic collaboration with ample planning has allowed for a much faster transition process. Our expansion in the European market is going as planned, including the opening of a new training center in Spain , the establishment of a new entity in the UK , and the signing of several significant new agreements. We extended the program with the passenger EV platform for an additional quarter and added another geography on the significant program we announced in the fourth quarter of last year. Our focus on executing what is in our control was on display in the first quarter as is evident by our performance. Additionally, there was an increase in our field service, inspection and repair service sales during the three months ended March 31, , as compared to the same period in , due to an increase in demand for such services.

Tpic investor relations

Nasdaq: TPIC , today announced selected, preliminary estimated financial results for the second quarter ended June 30, , and provided updated guidance for the year ending December 31, Additionally, the Company reaffirmed it will release second quarter earnings after the market close on Thursday, August 3, , to be followed by a conference call at p. Eastern Time on the same day. As has been broadly discussed industry-wide over the past several quarters, quality issues have had a pronounced impact on performance, and we have not been immune to such issues. While the accelerated pace of new product introductions within the industry over the last five years and the push to get larger wind turbines to market faster has significantly reduced the cost of wind energy, it is also a contributing factor to the wind turbine and blade quality issues that have surfaced. We had a third party complete an in-depth assessment of our existing quality system and are implementing improvement initiatives. Our customers have slowed new product introductions and committed to focusing on fewer, more standardized wind turbine and blade models.

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Country US. With the addition of this blade, we now support GE's three primary turbine models for the U. This decline is primarily driven by lower blade sales due to production line transitions and temporary demand softness, partially offset by rising ASPs. We continue to place a significant focus on preserving cash, ensuring efficiently deploy our working capital to make sure we can comfortably execute key initiatives as we move forward and restart our idle capacity. The passcode for the live call and the replay is Currently, we are operating 37 lines, including the four for Nordex and Matamoros that will transition back to them in mid, as well as six new lines starting up and four lines transitioning all in Please check your email and follow the instructions in the message to complete the registration process. Before joining Vestas, Neil spent over 20 years in the automotive industry, including engineering and quality leadership roles with TRW and a senior quality leadership role with Eaton Automotive. Forgot Password Please enter your email address An email has been sent to your address with instructions for changing your password. Gold 2, We remain bullish on the long-term energy transition and believe we will continue to play a vital role in the pace and ultimate success of the transition. Forgot password? We believe will be a tale of two halves. Story continues. How can I access the conference call?

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TPI Composites, Inc. Our balance sheet, along with the improvement in our liquidity and operating results will enable us to navigate another transition year and will also allow us to invest to achieve our mid to long-term growth, profitability and cash flow targets. We will be making forward-looking statements during this call that are subject to risks and uncertainties, which could cause actual results to differ materially. I wanted to give you some directional perspective on our plans for Please turn to Slide 5. As we indicated on our third quarter earnings call, we expected our fourth quarter sales and adjusted EBITDA to be down as we started line transitions across our plants and lowered inventory levels to optimize cash. TPI Composites, Inc. If you do not receive the email, please check your spam folder or contact us for assistance. The conference call can be accessed live over the phone by dialing , or for international callers, A confirmation email has been sent to your email address.