Brief: Tpi Composites, Inc. Delivers Solid Close To A Challenging Year - Restructuring Plans On Track To Position Tpi For The Future

TPI Composites

22/02/2023 22:39

Feb 22 (Reuters) - Tpi Composites Inc  TPIC.O :
    * TPI COMPOSITES, INC. DELIVERS SOLID CLOSE TO A CHALLENGING
YEAR
- RESTRUCTURING PLANS ON TRACK TO POSITION TPI FOR THE FUTURE
    * BLADE VOLUME WILL BE DOWN SLIGHTLY IN 2023 AS WE HAVE
CEASED
OPERATIONS IN CHINA
    * EXPECT TO DELIVER YEAR-OVER-YEAR SALES GROWTH IN HIGH
SINGLE TO
LOW DOUBLE-DIGITS IN 2023 FROM REST OF OUR GLOBAL FOOTPRINT
    * SEES FY 2023  NET SALES FROM CONTINUING OPERATIONS OF $1.6
BILLION - $1.7 BILLION
    * FY2023 REVENUE VIEW $1.66 BILLION -- REFINITIV IBES DATA
    * QTRLY NET LOSS PER COMMON SHARE $1.38
    * Q4 EARNINGS PER SHARE VIEW $-0.69, REVENUE VIEW $440.3
MILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX6Vxm5X 
Further company coverage:  TPIC.O 
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