TPI Composites, inc (TPIC) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator
Good afternoon, and welcome to TPI Composites First Quarter 2021 Earnings Conference Call. Today s call is being recorded, and we have allocated one hour for prepared remarks and Q&A. At this time, I d like to turn the conference over to Christian Edin, Investor Relations for TPI Composites. Thank you. You may begin.
Christian Edin
Investor Relations
Thank you, operator. I d like to welcome everyone to TPI Composites first quarter 2021 earnings call. We will be making forward-looking statements during this call based on current expectations and assumptions, which are subject to risks and uncertainties. Actual results could differ materially from our forward-looking statements. If any of our key assumptions are incorrect because of other factors discussed in today s earnings news release and the comments made during this conference call or in our annual report on Form 10-K filed with the Securities and Exchange Commission or in our latest reports and filings with the
Shares of wind blade manufacturer
TPI Composites (NASDAQ:TPIC) fell by 20.4% in February, according to data from S&P Global Market Intelligence. That steep decline occurred following the release of a disappointing earnings report near the end of the month.
The market s issue with the results comes down to the company s 2021 earnings guidance. For the year, management forecast adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA) in the $110 million to $135 million range, on sales of $1.75 billion to $1.85 billion. The EBITDA guidance range was lower than many had expected, and implies weaker margins than investors might have hoped for.
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