BWEN - Earnings call 4 2023

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Operator

Greetings, and welcome to Broadwind's Fourth Quarter and Full Year 2023 Results Conference Call.

[Operator Instructions]

As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Tom Ciccone, Chief Financial Officer. Thank you.

begin. may You

Thomas Ciccone

President welcome Conference and CEO, Broadwind Quarter company's Fourth Blashford; Officer. Good Leading to the Results Vice the Ciccone, Call. I'm our Chief call XXXX Financial and morning, Tom the and today Eric is

are before press may by like our questions would market opened remind on and responses include to you which that uncertain today's We fourth release today nature, the results. call quarter forward-looking of issued statements, company's their the a and conference I to detailing outside management's commentary control.

based forward-looking statements management's these beliefs, Although and actual may are on materially. current differ expectations results

quarterly of For with to discussion actual Risk the results factors differ, some a and that the could our cause filings of the of Factors SEC. refer please section to annual latest

that prepared can non-GAAP questions. line will the press for of the note discussed our the please At remarks, our today. reconciliations you conclusion call historical during find of we release in measures financial the Additionally, open issued

that, call With over I'll to Eric. the turn

Eric Blashford

Tom, us welcome Thanks, those today. to joining and

strong by net EBITDA. record adjusted and margin delivered full highlighted income year realization, Broadwind results,

While drive for a within contract sales our proprietary together wind PRS, domestic core or XXXX markets technology. our organic energy mining with industrials, and growth customer combination we continue of a demand for was through transitional developments, period new increased to wins, onshore pressure-reducing system,

commercial our sustained efficiency also has on team momentum continued improved our ongoing build organization, the throughout cost strategy, consistent productivity excellence. drive we and through with As operational focus to an

tower of together markets. increased meaningfully across driven year revenue, performance with well, our our all solid income strong sales, by increased operating demand and levels, quarter a profitability prior fourth wind as delivered a combination diverse We above as

during Our deliver allowing the the strong plants to results. executed us well quarter,

as declined period. prior activity We million the quarter record levels the the of orders from year in near levels booked fourth $XX.X in

expanding The XXXX, year. continuing increased basis a rates we However, across on is this reporting commercial which X within adjacent At include LXX gas. level, on on accommodate this release Fuels product version operate Clean this and renewable order into plan. RNG, will product continue focused designed PRS markets. the Broadwind model mix or trend higher-margin to units, Entering a of periods, in family our on year is a track third sequential to the a for low-flow all we're natural

asset all certification Industrial continuous lead are portfolio improvement the have expanding We're aerospace showing opportunities Fabrications are locations and million finalized $X.X include at more in good Gearing self-help and of implemented defense. registration products, and quality projects totaling results productivity. our principles, process With XXXX. our operating to we've new to in pursuing an ITA open controls ASXXXX savings in utilization approximately and Operationally,

to has us Our continually team skills systems the quality performance member and focus on varying streaming at and allowed delivery flexible volumes. meet quality safety,

From lost favorably are our incidents a implemented company. perspective, safety our safety trending time program as recordable the skills injuries across and we

Carolina lost proud we're without time our XX fact, incident. celebrated facility North at to In recently a years have

record-setting a we $XX.X full performances. revenue divisions strong EBITDA adjusted of million posted with the $XXX year XXXX, all total million, as For generated of

year generated $X this For Heavy so an seen reduction and quarter, prior increase million Fabrications the the total EBITDA revenue far. fourth quarter, of in Solutions segments more those performance offset strong continuing we've Gearing. $XX period, a we increases in versus Industrial in million, the generated the We of year adjusted the than million slight of $X.X

market. the has in far year, order down approximately in was robust our the this $XXX Our million total non-wind been the year consolidated QX end we and XXXX, stable QX flow notwithstanding good markets expect gear of gas million, prior $XXX in and in so at period. Quoting softness from in backlog but activity was oil

activity by this processing reductions strength X% offset Heavy continuing our reduction reduced sales, was positive a and PRS to year-over-year, construction increases was $XX in million, the Solutions turbine mining and began year-over-year offset segment, due million, and equipment Gearing gas gas mining, was XX% led Industrial wind which million, in by trend oil year-over-year, revenue industrial sector. in up customer new partially Fabrication steel our our in revenue led tower systems, XX% $XX.X revenue by by a $X QX in XXXX. increases increase the and in for Within content markets. business,

summary, performance I'm divisions operating through fourth pleased of all In with the the quarter.

Fabrications deliver As demand for Heavy XXXX. fluctuations both results we full to and actions the the in our quick for units year and response favorable to took Gearing in cost quarter

discussion With that, performance. a of I'll financial our call for Tom over fourth quarter back to turn the

Thomas Ciccone

Eric. Thank you,

AMP, Turning and fourth million $X.X to is increase $X year-over-year prior million together improved an quarter than due the for and overview Slide fourth margin production, to in of earned greater we EBITDA performance. in significant production or advanced The primarily to realization In gross We have we tax with improved throughput year with margin EBITDA. fourth a strong EBITDA associated experienced attributable execution. tower benefits revenue, credits of quarter. generated wind the credits, to $X.X quarter. manufacturing and improved the had X operational our million compared our growth We QX,

million in quarter or the compared fourth We income of a $X.XX per $X.X prior $X.XX diluted the generated $X.X per loss million year. diluted share or net in to of share

orders discussion This is tower of in year orders to Fourth sharply receive usually fourth the down Fabrications for supply Slide prior Heavy into year are of intervals. quarter a agreement us valued the as prior period we a at typical for wind million quarter. our as regular purchases $XXX we not entered segment. versus for at X million significant $XX more Turning

sold in in fourth late were facility response slowed year our revenues the XX in XXX activity less million QX versus quarter in due to Abilene Fourth Sequentially, We sold to $X.X and production prior tower in demand. $XX.X sections timing, million, as sections decreased we Manitowoc we versus had the tower customer prior quarter the year. quarter. up project

period. driven versus fourth AMP prior year year we current the the recognized recognized $X.X period, quarter, included increased million million, credits be while to the sale in EBITDA $X.X our AMP that should the of sections an administrative QX EBITDA by and primarily million of related XXXX in tower During the noted sequentially, sold, $X.X of with discounts segment improvement to and charges associated the It down segment was recorded December fees monetize credits.

and Gearing orders in was in the $XX.X attributable development decline Turning $X.X demand, domestic a given capital versus the decrease QX prior majority orders relatively oil as to reduction the are activity deploying drilling. an QX X. of Slide decrease. to The million, totaled year. slowed producers for million less gas in

fourth Segment improved when revenue million to quarter, compared EBITDA the million sold was operational to to $X.X compared prior prior but mix the million $XX.X to million, year increased execution year due products a period. and more $X.X down $X.X of profitable

to since at versus acquisition. backlog million before once the of for XXXX. of continues and remain the to a Slide third elevated $X.X of a strong million. quarter discussion third were revenue another Turning $X in an million and This only revenue achieved our quarter ] year level Solutions prior sequentially level quarter, million, revenue our and represents quarterly of Industrial X the a quarterly both than up excess greater total Solutions with Industrial represents segment. $X $XX.X fourth [ had Orders consecutive highest total with

the from our increased see $X.X continue offerings. gas increased year We with million segment [ to revenue XXXX. to revenues been the strong million consistent strong from core quarter compared we've benefited natural $X demand backlog year. EBITDA Fourth for relatively when in turbine prior to throughout prior ] the the carrying period,

Turning X. of credit cash had XXXX, $XX million. At availability to the under we Slide our nearly of end facility and

million deliver discounts, Code. we fourth able of expenses and fees quarter of transfer to pursuant were Section efficiency working the improved we conjunction agreement December credit with the Revenue capital declining approximately the In $X.X AMP expected, credits, less sold to with tax related XXXX, made million Internal XXX working transaction in As capital sequentially. during $XX

and We balance remaining from million December recognized was in proceeds in million $X collected XXXX, the sale this February. initial cash $X.X in

XXXX they're AMP part tax transfer the have of sell agreement, As credits, our of as the AMP all sold we'll XXXX credits generated. credit we and

and We ratably expect more when our as compared XXXX. to corresponding AMP credits decline to sell in collect expect such, see in throughout them XXXX and a earned AMP XXXX to credit receivable

Finally, with financial financial we our introducing to XXXX. Today, respect guidance guidance. are first quarter for the

adjusted range a beliefs, EBITDA and million to we anticipate expectations in to first $X current and million $XX Given $XX revenue be in $X be to million. million to of range quarter of a

the our I my remarks. to continue concludes to That will call Eric back discussion. over turn

Eric Blashford

Tom. Thanks,

in interim, beginning some the beneficiary. onshore across we've still, interest on them We a demand for provide some developers, thoughts delay which period decade-long the wind, defer remain Fabrication cost markets. volumes by towards our constructive activity XXXX. to of and the XXXX. of inflation expected is Heavy half me impacted environment Domestic have gradually our allow temporarily a Beginning raw to economics accelerate or to project Now with timing wind development materials their second higher rate to credit long-term reflect structure capacity the lower tax leading of Even we tower our the particularly with end segment. aligned economics IRA re-purposing facilities while our at the of In a production key remain reported non-wind investments. available visibility diverse of highly entering

with position multiple of mentioned registration, and new comments, Industrial our earlier Traffic defense support opportunities several ITAR to federal lines Fabrications for are Department stands the from which our received our them. Arms for expanding International product and opens in As my industry the Regulations, us. for State, of customers We requested in we which

upgraded port large and industry, barge. our actions realize facility, align moving are allowing efforts by include a Wisconsin us mix Gearing a we to water at QX, expenses with ongoing, took to us segment, with our our remain Western overhead deliver revenue to support we broaden stable balanced, we access regions. In to in and sales our very cost to team our into cyclical forward. well-suited more strong markets have demand less to In In Central projects deep positioning representation commercial profile

notably where share quick to in plasma packaging We've reduce both CNC and the to cutting outages vital expanding improved additional by in process implemented and in new respond actions that to Solutions, the opportunities recent response fourth XX% an midyear market planned in than engineering our improve gas aftermarket, To quarter, and automation market times be the metric costs. in idea with as customers CI Following in-house Industrial we've In the our this unplanned. capabilities, been especially pleased more our our by machining is upgraded turbine in of we expect are more and sector, response end, to in improvement capabilities, added to XX% XXXX. field, XXXX, we improvement customer throughput able quickly.

our growth including also results expected to with we repowering In summary, operational solar in achieved strong from QX. performance and We've the facility accommodate am the optimized this markets. strong our I our wind pleased in year the team

effectively to able for pivot wind demand were domestic workforce. skilled our during cost retain We period a structure our highly onshore while continuing to transitional

firm serving other steady, for forward We to profitable on and a years markets continue foundation to demand growth, look the transition key in energy in improved build the ahead. capitalizing

the back that for to With over said, Q&A call the session. I'll turn the moderator

Operator

Instructions] [Operator

Our with Eric Craig-Hallum. first question comes from Stine

Eric Stine

if just actually utilization So as maybe of expect presume would in trending your QX outlook. maybe positively. some you expected weakness with Gearing. about I is the we did talk is you takes talk wind. puts Industrial just and the about could that -- some It start seems Solutions in And

with it like helpful. I'm that QX it's to would of or be kind last QX, So trying commentary do up whether match you'd year's that to it, just however to comparing

Eric Blashford

those with in you're in a pretty XXXX product strong on, and Yes, backlog spot Industrial divisions, Gearing. We line Fabrication Eric. in ended both

the Our bookings in soft. were year late XXXX

And softer with backlog Fabrications. Gearing this in we're in entering year so Industrial a

remarks, as up because changing are actually my But looking in that's in year last QX versus and year. sequentially Now in things you're I this seeing that's what mentioned QX.

Eric Stine

that is lot into jointly your you that you if the helpful you're for mean, Maybe that Okay. the the this, of QX. that's wind the kind up able factors what a XX% will throughout as I All trending a kind that customer thoughts Any know then looks And right. thoughts the something utilization but to in helpful. And big looks I go so know of be just that gave year? of I it -- of step the order what was That's but portion like know to what of in timing I delayed. do, and like big don't that back maybe that year? throughout

Eric Blashford

is fill is nice customers. ratable that to actively and that also do to reminder, we're ratable specific as remainder a a with certainly as other and why 'XX that's the using But other order can utilization activity capacity utilization, I to in We is mentioned actual for through plants which looking capacity order. this have is is plants. the The we indicated, Fabrications, manifest -- Yes. which typically those those interested that. going itself Well, a that than The capacity just we analysts same those is have quoting fill plants the But what 'XX. Industrial higher the bit capacity of in. tower that XX% higher utilization are higher

Eric Stine

And for follow-up. me and one it. then maybe a Got last just

up that radical the I its execution. that, So win. of large assume ratable is would made this and I contract mean, XX%,

to time then fill fruition comes Is and way maybe would And to it? down fair to a those Do QX, that capacity? think that turn the into QX really orders. conversations it not so you're And similar. having do to add, of to lot so QX, then to come that QX about you think a looks to there's whole

Eric Blashford

You're throughout year. the correct. earnings we we profile our believe why that And increase is to said going and that's

half not second quoting. businesses but than the discussed we we mentioned such about or wind strong will what that because I the have of other what first have wind, the So that be about half, of because stronger

we're talking capacity, with what included guide what talking would tower not say Now that on XX%. and that's wind wind. adapter would be about I it be is projects, what will because in don't the But I'm those typically, we about what's

Operator

Our Sameer with H.C. next is question Joshi from Wainwright.

Sameer Joshi

new of the Just bit about a the on activity receiving and clarification orders activity you kind on discussions are getting and quoting you're this of expecting is at beyond. front, for subsequently, up half coming that -- are second towers, plants little expecting see time? initial you orders Or wind new and you that XXXX do then wind some

Eric Blashford

in as have ramps Yes. we in I XXXX a and supported and that's presentation considers 'XX beliefs. 'XX, And would by year indicated just industry general, transitional graph up industry, think the into heads our by it 'XX. also and general the

in more would So we produce received XXXX and is we build could your XXXX beyond. still question, to XXXX, orders that orders in the XXXX, I scenario which would in love we're I likely but to in have receiving think begin

faster I lot can lead because as mentioned the adapters, length length With shorter. of of which orders the the exception, we is time -- a earlier, of respond to adapter

Sameer Joshi

Understood.

it you Just over what the next of qualitative of to how switching this your gears, a can PRS system demand sort is from is years or that for that couple have, you revenues contribution received? And give us this? like the some being -- -- the

Thomas Ciccone

$XX We just value we What $XX to is of PRS Yes. I closer were bigger 'XX. in million for tell anticipate becoming can overall our is a part mix. We over you about that 'XX. being million anticipate

it of our is for nice and us So It provide growing margins a business. that's does our for 'XX. goal strong part

Sameer Joshi

then for the one me. last And Understood.

was you credits, Have do were an of And it kind On you should a what we at do any on going those Or the discount discounting you're disclosed receive that look there? now to given? sold. accounting credits that? you basis for ongoing AMP as expect that

Thomas Ciccone

was for see sold discount today. discount Sure. Yes, and incurred, the fees is that -- it's direct it's comes factor. X% what administrative factor in little that we -- you'll that other you we the X.X% it we've it, later the XX-K overall We we've almost a all in out bit disclosed that the when

a we've 'XX represents December credits that of charge all earned. discount which QX of So took the we the million, $X.X on

credits, of in a our 'XX the we've monetizing on be basis we'll and ratable those As sold also all 'XX. agreement, of part

discount the will So same of balance that throughout remain the XXXX.

So have 'XX, agreement those after an we assets sell do to not yet.

look So that into will we something midyear. be

Sameer Joshi

Understood.

in year, So February. $X.X the $X sort the the and same last It's $X.X million you million part agreement. that million $X see of just million of are

Thomas Ciccone

Yes. out of That's settlement, yes. cash timing in just worked the terms the how

Eric Blashford

well to profitability. about if talked I Tom -- ask could about could asked models marketplace. rates with add PRS, different the these been applications. did supports acceptance. accepted -- and the different family, flow up why back -- very to revenue if the It's which go about you to well your we're some That's Sameer, multiple out you I But question fill in and very the coming color

a between virtual So we're for I think of $XXX million, very part estimate that million larger excited about overall And $XXX market, compressed PRSs natural to that. gas $XXX that be market -- we in pipeline. the the just between million,

is line. well to so see do there. which why very And received it's the we we're room So far, grow expanding been

Sameer Joshi

Yes. that quickly. replace you're that Solutions existing offering Industrial solutions to No. see is to It able is great so

technology, just that that think the to quality I speaks of technology.

Operator

Clare next is Our from with ROTH MKM. question Justin

Justin Clare

wanted I just to you start have off, XXXX. visibility into first on So the

Just potential based planning tower a seeing the for near on could potentially the increase secure demand significant here in that so that? they are that the what's you customers, conversations for preparations to And XXXX? -- wind in you're to look And relative term having XXXX. in some XXXX they're with for are prepared capacity they

Eric Blashford

on cautious, we're are customers Well, they're that versus beyond 'XX the bullish say to and I'd 'XX bullish, that they're 'XX that. speaking but

discussions, there think are I they planning. are So active

customers, been active. but are those to. agreements be in of others capacity expanded those long-term are we can with like secured has And discussions Some added the -- long-term have the our and certainly agreements that but

Justin Clare

projects higher waiting then these Or factor are factors for make delays? potentially a back? are economics many about Is here? inflation. to you're are wondering back track? holding it. cancellations? on wind you then what renegotiated And demand get bit that that sense. if for that kind treasury also, that it that. impacting is for of mentioned PPAs Got seeing just you takes to of of And for and rates, then we some Wondering the could a the this guidance Okay. is be high needing share Maybe little projects Or amended And key here,

Eric Blashford

Sure.

final interconnection that with to had. it interest impact we certainly had open we are At queues. conversations to in with heard bonus, talking about haven't heard any pretty least we've that our XX%, Those the speaking IRA the inflation talks on timing. think and tend had when -- that, Justin, customers, customers If the We pressures, has, has the that. haven't haven't hasn't risen you infrastructure you're about, it But it delay projects. pressures

any We or know been are haven't that has pushed of the interconnection evaluating site right customer a thereof. been because one to some project had cancellations, I the have waiting queue potentially where there but projects projects the I over think project site they're timing or because different customers

your with I that desired. be excited bullish. again, still We're about But I answered customers impact. still environment So interest an question. feel they'd and IRA or than higher high in are inflationary rates the all the

some causing temporary that's pause or think I the pause projects. in

Justin Clare

it. Got

Okay.

Okay. profile expected that's it XXXX not And Gearing, did the for Fabrications. actually earnings then back-half-weighted. pick business be to the And but expected Industrial to mention wind like that's so sounds businesses your other so more you here, -- up,

see anticipated was that Is you and could just maybe you markets speak And Fabrications, to just what oil Do more I a to And you bit then oil end that and really driving is So up that across Heavy that order part gas Gearing, the of could speak little it? wondering flow if in Industrial here? Solutions. orders? gas. picking uptick are

Eric Blashford

you. Yes. Thank Good question.

remain shoots, Industrial, coming we that. and some -- core strong. Coal and the through are through, is pulverizers some strong. we're strong. are Gearing. handling we're some think coming through Oil is on quotes Regarding to are Cement material seeing At green XXXX, orders but are start predicted is industrials, customer soft. least The gas let's strong. Steel with cautious

markets. Gearing machining. So we from going are that other getting is from more Gearing demand markets think the also not are these other we're to come into that And

certainly us new have for us, for will we this is I and the allow think into a us because exciting. untapped XXXX after, get capabilities. to going that think That's defense. and we certification attractive mentioned we quality it's we're aerospace which That's market

We're bids, We've Regarding seeing regard put increased scale customers some is around more very plants in to infrastructure Fabrications. which global. to the power material the demand cycle good Industrial world, and more material be market combined more seen for -- handling, with generation, handling that's us up utility that's has us. coming for or Industrial are Solutions, seen to

is increasing plus So solar do wind that skids, is provide inverter out our Solutions, increasing of we're division. that for the and projects of we the to adapter market which internals starting market space content we that provide from in in and we Industrial repowering, terms into tap even the for

of Justin, lot said So that and to the that a in up are benefit. growth be stable, our I diverse a would than wind is think, markets. is non-wind markets picks is wind we those going we up which why If sooner have, be

Operator

Our Capital Schafer Markets. question with from next Northland comes Donovan

Unknown Analyst

you the I a like if kind bit over rig of I expect and I'm because trended -- just to flat same I'm it going a And the the downtick off by has a said been time, curious and At CapEx that a gas, in in XXXX. be question, EIA the information, driven being of upstream question know then kind by think is year drillers. have of you pretty follow-up gas I count kind of a know oil of a oil I peaked spending about there's that ago little the how segment. the Justin's much to and down.

Eric Stine

Correct.

Unknown Analyst

But still or the high like of a record in of level. yes. cases, a lot of volume lot of And production -- is a kind

the that driven efficiency gains. a talk So of about is being by lot

here? way? are gone equipment. gearings pumping but affect secular closely. they I -- know in of out, I in a Or sort the where separate either change to I of they the And that the answer I element your haven't don't too pressure laterals, completion completions things when actually have -- this in a followed pumping know so doesn't there is is and the Like X less kind longer they've there some like doing they're

from or So and has that a there the a approach been on puts lowers standpoint that demand change just and design an tear like wear gearing? less

Eric Blashford

there's it's And So start uncompleted drill There's drilled want drilled. wells. a almost they're already they but Docker pumping, wells, to in participate Those can the the These new in to mentioned like of concept as -- couple oil this without and bank tap wells. new that you having uncomplete a dynamics. completions. called -- companies gearing that we mostly account

that's dynamic. So X

more and need As they they're going they eventually get efficient bring these uncompleted wells more. to drill online, to

So to Bradford and that's couple is gas I XX I'm months regards the back be the think have more this to last powerful, then our of it's saying that up efficiency when we've very the over and strength a it's because it years stronger temporary drilling With again. have rigs, designed And well, of seen through customers is the gearboxes. picks Oil down tends maybe and why level. cyclical. down,

increasing the And those so is and of those horsepower increasing. of efficiency the is

we're repairs some that's What's topped seeing when to is full come out revenue lion is that Now we'll spare they'll eventually we'll to and which these so as the gearboxes CapEx we they see particular see -- as start wear off. of market. to eventually, are rigs, increase, happening start the they'll share seeing. parts back in And and replace have increase, which

Unknown Analyst

fracking, the it's seems on themselves. that that correct? I mistake. like the had thought trucks my but gearboxes more you pumping actually, pressure Is So for rigs actually did the

Eric Blashford

It's fracking. that a fracking. correct it's You're a in

Unknown Analyst

fracking. the is It's

Okay.

question. then And another Right. Okay.

in content Inflation stuff. Is that towards by was So being that U.S. the were January of you an uptick And Or is domestic activity something just across in at skids, something for shifting some part seemed before doing more there companies mentioned domestic say, driven and inverter the doing is was Intersolar having and that activities. came before, types desire domestic I activity it content to it's before similar something steady. manufacturers impact in meet which in Reduction an the Act the you like requirements versus, there the

Eric Blashford

domestic So a think to impact is trying having -- Don, certain or saying percentage. what a have think they're to I content, customers I this meet not because you're want more our whether desired

willing person what want they -- they're think and and them efficient a very can work to customers designs because to with local a chain and their we offering on design and to help I that's to design. in the continuity we're make And to supplier our collaborate deploy local supply it quick that's to willing field. we're optimize of and

Unknown Analyst

Okay.

Okay. and And this could then questions be -- be ends but I totally mean, last question, pride question. that is my to could sometimes that asking risk much -- of this up kind or too it things a find sometimes is perhaps irrelevant trying I myself could and overlooked, be the of material being

can matter. remember alternatives are the in So but significant, wind which -- it's There in Bolsa is can't this one of wood. and substitutes wood it is market, on I used to a lot the bolsa portion, blades. wind

choke some, becomes sort XX% Bolsa that there in Ecuador than compounds with globally. specifically, produces petrochemical-derived we major So use like But sets. are it or more Bolsa of of with point because I think, something [indiscernible] know I or the

when that my there and attention in an so come kind of there gang Marshal just and violence, some are some like some escapes so and law country I chaos it -- think just forth. things into and increase And has is looks prisons erupted like

a then attention get it really two, if case headwind a anything does does through that it's -- wind like being if eventually in [indiscernible] if be material doesn't maybe currently? then material worth and question just, material, or not with at it's that general Balsa into in can it year eventually material. to? but anything, not be paying wind that or so Or it's it a could you level, does specific seeing or first deployment, flow the and yes, is takes this that mean do are high become -- prices general, very So --

Eric Blashford

the Yes. that another towers, would they flow. say inventory and they near Yes. I as their make the they general site to have What is have their trying then our the optimize one as and are sure means in customers really to to can. supply blades cash that And cells come the chain,

this blade So I'm delay something not of any kind a I'm guy. I have follow That's because a an could issue. or person, disruption I not follow steel. tower

public not would supply heard that, And sure you. chain is that OEMs they a that hard are the said, I blade, make their optimize very light supply I chain. maybe haven't global that. know some they heard like although this So optimize for trying could so inventory. are I But is have to TPIC our I on they're say turbine another company and shed I

So could this I've not an but something impact, it's that of. heard have

can't really Donovan. help there, So you I

Unknown Analyst

Okay. TPIC. they Yes. I have a an familiar timeline I on capability ability price just the hypothetical know -- pivot. it remember a a while. remember I situation, just can't there's there's And I'm in what can't that to with takes is that if

Eric Blashford

something Yes, can I help that not I with can something there.

Operator

session. reached now the for like to of We've question-and-answer comments. call the I'd the closing over end Eric turn to Blashford back

Eric Blashford

pleased call. presenting everyone, look results great a for next to results our XXXX Thank you. you with our and Well, our and today. to XXXX thanks, listening conference forward We're together on

Operator

This today's conference. concludes

and time, this participation. your at lines your we disconnect thank may for you You

Broadwind (BWEN) 5 Mar 242023 Q4 Earnings call transcript