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MarketScreener Homepage  >  Equities  >  Nasdaq  >  TPI Composites, Inc.    TPIC

TPI COMPOSITES, INC.

(TPIC)
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TPI COMPOSITES, INC : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

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02/07/2020 | 06:07am EDT

Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On February 7, 2020, TPI Composites, Inc. (the Company) issued a press release announcing selected, preliminary estimated financial results for the full year ended December 31, 2019 and its guidance for calendar year 2020. A copy of the Company's press release is furnished herewith as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein.

The information in Item 2.02 of this current report on Form 8-K (including the exhibits attached hereto) is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in Item 2.02 of this current report on Form 8-K (including the exhibits attached hereto) shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 7.01. REGULATION FD DISCLOSURE

On February 7, 2020, the Company will host an Investor Day at The Maxwell Hotel in New York City and will be discussing, among other things the Company's selected, preliminary estimated financial results for the year ended December 31, 2019 and its guidance for calendar year 2020. A copy of the written materials that will be used at the Investor Day event, including its guidance for calendar year 2020 referenced above, is furnished herewith as Exhibit 99.2 to this current report on Form 8-K, and also is posted and available at the Company's website at www.tpicomposites.com under the tab "Investors." Interested investors and other parties may also listen to a simultaneous webcast of the event by logging onto the Investor Relations section of the Company's website at www.tpicomposites.com.

The Company reserves the right to discontinue the availability of any such materials at any time, and undertakes no duty to update any information or statements made in any such materials (or in any other materials made available on the Company's website) to reflect events or circumstances after the date of publication, except as required by law.

These written presentation materials and the accompanying oral presentations contain forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. All statements other than statements of historical facts contained in the presentation materials and accompanying oral presentations, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words. Forward-looking statements contained in these presentation materials and accompanying oral presentations, include, but are not limited to, statements about, our selected, preliminary estimated results for the year ended December 31, 2019 and our guidance for calendar year 2020.

Any such presentation materials and the accompanying oral presentations may also contain statistical data, estimates and other information concerning the Company's industry that are based on independent industry publications, surveys and forecasts or other publicly available information, as well as information based on the Company's internal sources. The information contained in any materials or presentations from any third-party source may vary considerably from other information sources. This information involves a number of assumptions and limitations, and the Company has not independently verified the accuracy or completeness of the information.

The information in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS




(d) Exhibits



  99.1 - Press Release dated February 7, 2020



  99.2 - Presentation dated February 7, 2020

© Edgar Online, source Glimpses

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Sales 2020 1 533 M
EBIT 2020 35,8 M
Net income 2020 18,5 M
Debt 2020 86,3 M
Yield 2020 -
P/E ratio 2020 28,3x
P/E ratio 2021 8,85x
EV / Sales2020 0,38x
EV / Sales2021 0,30x
Capitalization 495 M
Chart TPI COMPOSITES, INC.
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TPI Composites, Inc. Technical Analysis Chart | TPIC | US87266J1043 | MarketScreener
Technical analysis trends TPI COMPOSITES, INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 10
Average target price 27,50  $
Last Close Price 14,08  $
Spread / Highest target 163%
Spread / Average Target 95,3%
Spread / Lowest Target 70,5%
EPS Revisions
Managers
NameTitle
Steven C. Lockard Chief Executive Officer & Director
William E. Siwek President
Paul G. Giovacchini Chairman
Thomas J. Castle Senior VP-Operations & Strategic Markets
Bryan Robert Schumaker Chief Financial Officer
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