TPICQ
TPI Composites, Inc.0.0210
-0.0040-16%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.02MP/E (TTM)
-Basic EPS (TTM)
-5.53Dividend Yield
0%Recent Filings
8-K
TPI sells Turkish operations
TPI Composites completed the sale of its Turkish subsidiaries, TPI Türkiye, on September 10, 2025, to XCS Composites, transferring two wind blade facilities and a repair business in Izmir on an as-is basis, with the buyer assuming all liabilities and debt. This divestiture, approved by the U.S. Bankruptcy Court, removes the bulk of the EMEA segment and impacts 2,700 employees. Pro forma results show net sales dropping to $477.7M for the six months ended June 30, 2025, and a preliminary non-cash gain of $9.4M. The transaction streamlines operations amid bankruptcy proceedings.
8-K
TPI sells Turkish units debt-free
TPI Composites entered a binding term sheet on September 4, 2025, to sell its Turkish subsidiaries, TPI Kompozit 1 and TPI Kompozit 2, to XCS Composites L.L.C-FZ for no cash consideration, with the buyer assuming all liabilities including €92.9 million in debt. The deal, amid TPI's Chapter 11 bankruptcy filed August 11, 2025, requires court approval and closes by September 19, 2025, alongside a 12-month transitional services agreement and IP rights deal. Intercompany claims are released, but TPI will repay a $8 million loan to one subsidiary in four installments through May 2026. Subsidiaries face strikes and creditor actions, yet the sale sheds troubled assets.
8-K
TPI files Chapter 11 restructuring
TPI Composites filed for Chapter 11 on August 11, 2025, to restructure its balance sheet amid $471.8 million in accelerated senior debt and $135.3 million in convertible notes, plus €71.2 million in Turkish obligations. Backed by a $82.5 million Oaktree DIP facility—$27.5 million new money and $55 million rolled senior debt—the process aims for emergence with Oaktree as new owners. Nasdaq delisting follows August 19 suspension; equity holders face cancellation. Bankruptcy risks loom large.
8-K
TPI files Chapter 11
TPI Composites filed for Chapter 11 bankruptcy on August 11, 2025, in the Southern District of Texas to restructure its balance sheet amid industry pressures. The company secured an agreement with senior secured lenders for up to $82.5 million in debtor-in-possession financing—$27.5 million new money plus $55 million rolled over—and $50 million in cash collateral use, pending court approval. Operations continue normally, but equity holders face cancellation and delisting from Nasdaq. Bankruptcy risks loom large.
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