Tpi Composites, Inc
TPI Composites, Inc. designs and manufactures composite wind blades for the wind energy industry and also provides field inspection and repair services. The company is headquartered in Scottsdale, Arizona and operates manufacturing and service facilities across the United States, Mexico, India, and parts of Europe.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaComposite blades manufactured for utility-scale wind turbines and sold to OEM customers.
Inspection, repair, and maintenance services for wind blades and related assets.
Technical support and development work tied to blade design and manufacturing programs.
Tuotteet
Raportoitu · osuus liikevaihdosta- Wind Blades94,7 %
- Field Services Inspection and Repair Services5,3 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
TPI sells primarily to wind turbine original equipment manufacturers under long-term supply relationships. It also serves wind farm owners and operators through its field service business, where customers need inspection and repair capabilities to keep turbines operating reliably.
Buy composite wind blades and related manufacturing support for turbine platforms.
Buy inspection and repair services to maintain blade integrity and uptime.
Buy development and technical support tied to blade design and production.
Strategia
The company’s operating focus is on wind blade production, manufacturing utilization, and service execution across its global footprint. It also manages customer pricing exposure through contractual resin pass-through mechanisms and uses receivables sale programs to support working capital.
Blade production is the core business and depends on line utilization and customer program execution.
Resin is a major input cost and pricing pass-through limits margin volatility.
Long-term OEM relationships are central to blade program continuity and volume visibility.
Maantiede
2025TPI operates a global manufacturing footprint with factories in the United States, Mexico, and India, plus engineering centers in Denmark and Germany and field service facilities in the United States and Spain. Its operating segments are organized around the U.S., Mexico, and India, which reflects where production and customer delivery are concentrated.
Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.
Riskit
TPI faces substantial business and financial risk from its Chapter 11 proceedings, which can disrupt customer confidence, supplier relationships, and access to capital. The company is also exposed to input-cost volatility, concentrated OEM demand, and execution risk across a geographically distributed manufacturing network.
- Chapter 11 restructuring riskVaikutus: KriittinenTodennäköisyys: Korkea
Bankruptcy proceedings can disrupt operations, customer confidence, and access to capital.
Kohdistuu: All stakeholders and continuing operations
- Common stock cancellation riskVaikutus: KriittinenTodennäköisyys: Korkea
The company disclosed that existing equity is expected to be cancelled in the restructuring.
Kohdistuu: Equity holders
- Resin and resin system price volatilityVaikutus: Korkea
Resin is a key input and only part of the cost is contractually passed through.
Kohdistuu: Wind blade manufacturing margins
- Customer concentration and OEM dependenceVaikutus: Korkea
The business relies on long-term relationships with a limited number of wind OEMs.
Kohdistuu: Revenue continuity and pricing power
- Global manufacturing and supply chain executionVaikutus: Keskitaso
Production spans multiple countries and requires coordination across plants and service sites.
Kohdistuu
Kirjanpito
Harkinnanvaraiset erätContract terms determine when revenue is recognized and can affect quarterly comparability.
Vaikutus: Blade shipments, customer acceptance, and service completion timing
Receivables are sold to financial institutions and removed from the balance sheet.
Vaikutus: Operating cash flow, working capital, and financing presentation
Divested automotive, tooling, and Türkiye businesses are separated from continuing operations.
Vaikutus: Comparability of historical revenue, profit, and cash flow
Chapter 11 introduces significant judgment around asset values, liabilities, and recoverability.
Vaikutus: Balance sheet carrying values and disclosure sensitivity
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
Texas Instruments Incorporated
TXN · Semiconductors & Related Devices
Texas Instruments is a U.S.-based semiconductor company that designs and manufactures analog and embedded processing chips used in a wide range of electronic systems.
Patrick Industries, Inc
PATK · Motor Vehicle Parts & Accessories
Patrick Industries is a U.S.-based component solutions company serving recreational vehicles, marine, powersports, manufactured housing, and selected industrial and building-related markets.
Exel Composites Oyj
EXL1V · Specialty Chemicals
Exel Composites is a leading manufacturer of composite profiles and tubes, utilizing advanced pultrusion and pullwinding technologies.
Powell Industries, Inc
POWL · Switchgear & Switchboard Apparatus
Powell Industries is a U.S.-based manufacturer of custom-engineered electrical equipment and systems used to distribute, control, and monitor electric power.
CPI Aerostructures, Inc
CVU · Aircraft Parts & Auxiliary Equipment, NEC
Broadwind, Inc
BWEN · Nonferrous Foundries (Castings)
Päivitetty: 24.9.2026