TPI Composites Inc (OQ:TPIC)

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
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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

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