Jason. our call. you afternoon, for joining everyone, Thanks, and thank Good
addition here Miller, CFO. with am to Jason, our Ryan In I
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be challenging The and the and profitable first we a increased is as benefiting are been our and business some we've transitions for facility, disposition a year the to complete out start-ups. track by Matamoros have exit the of of half the second year year plants largely utilization transitions of at from expected, on our playing automotive half. impacted the half as after time, and discussing the of we would with As the half heavily start-ups first back the Nordex
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million $XX.X and $XX.X losses $XX.X loss second the from in EBITDA and now included in facility. The Nordex adjusted quarter million transition closed start-up the Matamoros million in costs
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Slide Please turn to X.
implemented the blade Our beginning are continued Mexico India show gigawatts be sets, during initiatives in improvement delivering to quality capacity the blade performance profitable, X.X over our plants past quarter, lean facilities XXX driven of while to focus the and Türkiye by on and representing renewed year.
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material Raw Our year-over-year have be manufacturing supply chain demand. declined steady. stable surpasses to prices costs remaining Chinese down and continues capacity slightly to operate as expected efficiently to are with
recently, have seen strategies modest expenses have a logistics increase mitigated our financial any While management impact. operational or
in With recovery onshore the though power cautious overall energy, foundation is everything. about exact of robust, and for place long-term of adoption respect rise, timing vehicles clean by and and semiconductor and for needs of centers, data factors the wind we we manufacturers for as growth remain for market, in the chip the wind The to remain the just electrification driven to demand about optimistic global the sustained energy onshore continues market. electric wind structural such: about the growing
to bottom annually expected by out wind to beginning installations, XXXX. the X nearly reach the China, gigawatts onshore in Wood U.S. installations and gigawatts before in of in end to XXXX, excluding decade. accelerate XX Global are XXXX forecasts Mackenzie
very there the long-term to or supportive within likely by Although are be significant and driven we promising pushed policies prospects the EU, in XXXX. our U.S. growth markets key half 'XX back of into expect to
capital inflation, position our the issues, in grid U.S. in in XXXX. election With strong TPI rates, interest access around of upcoming and uncertainties high project the hindering U.S. customers, anticipate the certain we do said, for are as permitting growth the such given constraints, primary timelines. Challenges that volume
the being the This new GE from be today, IRS the on that start-up competitiveness growth and bolstered Treasury the in of blade the Inflation will bonus, supporting Act with U.S. will by lines along guidance Mexico be year, by in lines domestic plants. full content supported throughout our including are Reduction production X the that for
and recovers. future decline will our and serve market U.S. in by Europe wider blade with cost modest be EU demand work to optimization blade demand the for offset growth EU Our of as the customers effectively as we blades a our footprint models partially in our on
the a year it to our outlook unchanged XXXX full Ryan, transition. turn over I financial for Before of being remains with year
and to of and $XXX operations at we implemented, forward half strong track maturing loss-making in looking million on up, for in our EBITDA targeted the With putting second operational start-up of least and wrapped transition are lines a improvements XXXX us XXXX.
results. Ryan financial to our the With call I'll that, turn to review over
