Earnings Call Summary | TPI Composites(TPIC.US) Q1 2024 Earnings Conference
Earnings Call Summary | TPI Composites(TPIC.US) Q1 2024 Earnings Conference
The following is a summary of the TPI Composites, Inc. (TPIC) Q1 2024 Earnings Call Transcript:
以下是TPI複合材料公司（TPIC）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
TPI Composites reported decline in their Q1 2024 net sales to $299.1 million, down by 26% from the same period in 2023, largely due to lower volume and changes in wind-blade model mix.
The company incurred an adjusted EBITDA loss of $23 million, primarily attributed to lower sales, higher start-up, transition costs, and changes in estimate for pre-existing warranty claims.
TPI expects to return to mid-single-digit adjusted EBITDA margins and positive cash flow in the second half of 2024, with projected EBITDA exceeding $100M in 2025.
They reaffirm 2024 revenue guidance of $1.3 billion to $1.4 billion with an EBITDA margin between 1% and 3%.
TPI Composites報告稱，其2024年第一季度淨銷售額下降至2.991億美元，較2023年同期下降26％，這主要是由於銷量減少和風葉車型組合的變化。
該公司調整後的息稅折舊攤銷前利潤虧損爲2300萬美元，這主要是由於銷售額下降、啓動成本增加、過渡成本增加以及原有保修索賠估計值的變化。
TPI預計將在2024年下半年恢復到中等個位數的調整後息稅折舊攤銷前利潤率和正現金流，預計2025年息稅折舊攤銷前利潤將超過1億美元。
他們重申了2024年的收入指導，即13億至14億美元，息稅折舊攤銷前利潤率在1％至3％之間。
Business Progress:
業務進展：
TPI is committed to its sustainability goals with an 18% reduction in CO2 emissions in 2023, targeting carbon neutrality by 2030.
TPI has shown growth in non-Proterra revenue due to the launch of a new product line with a major EV customer.
The company is exploring strategic alternatives for its automotive segment, expecting to finalize a transaction by the end of Q2 2024.
Despite initial heavy start-up and transition costs, TPI maintains optimism about filling idle lines in India and exploring alternatives for EV business which could introduce new investment, partnership, or another developmental opportunity for the business.
TPI致力於實現其可持續發展目標，到2023年將二氧化碳排放量減少18％，目標是到2030年實現碳中和。
由於與主要電動汽車客戶共同推出的新產品線，TPI的非ProTerra收入有所增長。
該公司正在探索其汽車領域的戰略替代方案，預計將在2024年第二季度末完成交易。
儘管最初的啓動和過渡成本很高，但TPI仍對填補印度的閒置線路和探索電動汽車業務的替代方案保持樂觀，這可能會爲該業務帶來新的投資、合作伙伴關係或其他發展機會。
More details: TPI Composites IR
更多詳情： TPI 複合材料 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。