Sector: Energy | Industry: Renewable Energy Equipment & Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Gainey Center Ii Suite 280, 8501 N Scottsdale Road SCOTTSDALE AZ 85253 |
Tel: | N/A |
Website: | https://www.tpicomposites.com |
IR: | See website |
Key People | ||
William E. Siwek President, Chief Executive Officer, Director | Ryan D. Miller Chief Financial Officer | Jerry Lavine President - Automotive |
Adan Gossar Chief Accounting Officer | Steven G. Fishbach General Counsel, Secretary | Neil Jones Chief Quality Officer | Charles Stroo Chief Operating Officer - Wind |
Business Overview |
TPI Composites, Inc. is a manufacturer of composite wind blades for the wind energy market. The Company's geographic segments include the United States, Mexico, Europe, the Middle East and Africa and India. It enables wind turbine original equipment manufacturers (OEM) to outsource the manufacturing of a portion of their wind blades through its global footprint of advanced manufacturing facilities strategically located to serve wind markets. It also provides field service inspection and repair services to its OEM customers and wind farm owners and operators. Its field service inspection and repair services include diagnostic, repair and maintenance service offerings for wind blades that have been installed on wind turbines located at wind farms. It has produced precision molding and assembly systems, ranging from 30 meters to over 80 meters in length, to support its global operations. Its tooling solutions include precision wind blade patterns, precision molding and assembly systems. |
Financial Overview |
For the fiscal year ended 31 December 2023, TPI Composites Inc revenues decreased 4% to $1.46B. Net loss applicable to common stockholders excluding extraordinary items increased 51% to $172.3M. Revenues reflect Mexico segment decrease of 9% to $589.5M, U.S. segment decrease of 43% to $51.1M. Higher net loss reflects Mexico segment loss increase from $76.1M to $174M, EMEAI segment income decrease of 57% to $33.6M. |
Employees: | 12,300 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $458.30M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,455M as of Dec 31, 2023 |
EBITDA (TTM): | -$93.74M as of Dec 31, 2023 |
Net annual income (TTM): | -$172.29M as of Dec 31, 2023 |
Free cash flow (TTM): | -$117.11M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $324.13M as of Dec 31, 2023 |
Shares outstanding: | 47,240,579 as of Jan 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |