Brief: TPI Composites Q3 Sales Rose 1.2% To $479.6 Mln

TPI Composites

08/11/2021 22:00

Nov 8 (Reuters) - TPI Composites Inc  TPIC.O :
    * Q3 LOSS PER SHARE $0.83
    * Q3 SALES ROSE 1.2 PERCENT TO $479.6 MILLION
    * SEES FY 2021 REVENUE $1.72 BILLION TO $1.74 BILLION
    * Q3 EARNINGS PER SHARE VIEW $0.02, REVENUE VIEW $481.4
MILLION --
REFINITIV IBES DATA
    * FY2021 REVENUE VIEW $1.77 BILLION -- REFINITIV IBES DATA
    * EXPECT TRANSITIONS WILL CONTINUE TO HAVE AN ADVERSE IMPACT
LIQUIDITY FOR REMAINDER OF YEAR
    * EXPECT DECREASED DEMAND FOR OUR WIND BLADES FROM OUR
CUSTOMERS
DURING REMAINDER OF 2021 AND 2022
    * BELIEVE DECREASED DEMAND FOR WIND BLADES WILL ALSO
ADVERSELY
IMPACT PROFITABILITY AND LIQUIDITY FOR REMAINDER OF 2021 AND
2022
    * IN RESPONSE TO LIQUIDITY CONDITIONS, ENTERED INTO
AGREEMENT WITH
FUNDS MANAGED BY OAKTREE

Source text for Eikon:  ID:nGNX8BKSRv 
Further company coverage:  TPIC.O 

 ((Reuters.Briefs@thomsonreuters.com;))