Trade TPI Composites Inc - TPIC CFD

TPI Composites Company profile

About TPI Composites Inc

TPI Composites, Inc. is a manufacturer of composite wind blades for the wind energy market. The Company operates through five segments. The United States segment includes the manufacturing of wind blades at its Newton, Iowa facility; the manufacturing of precision molding and assembly systems used for its transportation business at its Warren, Rhode Island facility. The Asia segment includes the manufacturing of wind blades at its facilities in Dafeng, China and Yangzhou, China; the manufacturing of precision molding and assembly systems at its Taicang Port, China facility. The Mexico segment includes the manufacturing of wind blades at its three facilities in Juarez, Mexico and a facility in Matamoros, Mexico. The EMEA segment manufactures wind blades at its two facilities in Izmir, Turkey and also performs wind blade inspection and repair services. The India segment manufactures wind blades at its manufacturing facility in Chennai, India.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, TPI Composites Inc revenues increased 4% to $1.73B. Net loss applicable to common stockholders increased from $19M to $165.6M. Revenues reflect Mexico segment increase of 23% to $608.1M, EMEAI segment increase of 29% to $482.2M, India segment increase from $91.7M to $200.2M. Higher net loss reflects Asia segment loss totaling $13M vs. income of $62.9M, Mexico segment loss increase from $9.6M to $74.2M.