Revenue Growth
Q1 revenue increased by 14% year-over-year, reaching $336.2 million, driven by strong demand in the U.S. market and successful transition of production lines.
Operational Achievements
Positive cash flows of $4.6 million from operating activities and the completion of line start-ups and transitions from 2024.
Sustainability Progress
Publication of 2024 sustainability report with a 17% reduction in overall market-based Scope 1 and 2 CO2 emissions and a commitment to carbon neutrality by 2030.
Strong U.S. Demand
Customer demand continues to be strong for TPI Composites' Mexico operations capacity for 2025, with plans to open production lines in Iowa.
Improved Adjusted EBITDA Margin
Adjusted EBITDA margin loss improved to 3.1% compared to 7.8% in the same period in 2024.