thank Thanks, Jason. and joining our you everyone, call. Good afternoon, for
Jason, In Miller, here CFO. I Ryan X. with am addition Please to our Slide turn to
also improvement were next-generation lines as over to we've cash the year restructure to able big flows actions year portfolio with half It's over enable EBITDA XX of a of driven our year. positioning back quarter believe as customers mode key the second and the first was XX% to growth and we the this sales taken we workhorse to grew our sustained X% positive blades. quarter quarter post adjusted our long-term of sequentially over strategic third operating the last to third by Our will growth. our and nice transition get
discussions customers understand to productive our their collaborate with engage success. in on and We mutual continue to priorities
to have ensure paramount, transition. production remains quality a measured to continued new we a Mexico on approach and in As increasing maintain controlled lines to smooth
additional their Discussions Renova our We've platform, a a our anticipate which for proven to strong popular be demand recently agreed U.S. OEMs as as further recent expansion as wind well XXXX. continue. option support well by manufacturing on of to where onshore market to to finishing gigawatts has progressing the we X-megawatt powering. on Iowa burgeoning capacity mid-XXXX year increase serve India secured the in with U.S. with based market confident ability expansion on Discussions in with lead our and Turkey XX threefold expected the remain capacity customer as to in the reopen GE Turkey are other customers have We trajectory to market plant to government its for XXXX. wind by footprint announcements given the meet
still are the locally are that being anticipated produced locally either or from finalized, will will incentives blades. is blades much get Although of that on local installed manufactured in will additional details it ultimately what Turkey content require provide
marks development Chertier. we ramps, than impacted our potential this a while EBITDA perspective, $XXX.X in in operations $X million quarter it several were due and by for as positive positive line long-term factors. operational to with -- and However, in full EBITDA originally of planned the were sales slower expected year to see the We lower million was From for and an return quarter Adjusted our guidance. expectations our expected production than
our start-up increase blades standards extended transition lines we more with efficiently about impacted in complex start-ups which First, by and This to approach $XX profitably. facilities EBITDA transitions X approximately million higher adherence costs start-up volumes adjusted however, approach, and and beyond our $X quality blade of transition XXXX sales, and to to our at ensures million. for deliver our and can along increased in ensure time leading new and lower to models measured
negative Second, a inflation in million $X Turkey led to impact.
information, account Third, course, for legacy warranty $X we updated inflation. matters million during to repair estimate a in procedures implemented and of inspection change the revised from recorded quarter
additional drive lower beyond, operations costs of without as charges third targets. will resources X lines at of CapEx, competitiveness. have lines began would of I first and showing looking achieved start-up number there north our our a in our Utilization or facilities. with our same production long-term improve the additional of will adjusted transition X%, off U.S. towards the investing long-term fourth in of per third EBITDA margin no market specific When the ongoing jumped and we volume the support This certain get blade just the Mexico in XX/X enable quarter Finally, to XX% lines demand progress EBITDA expected been the enable quarter. in needs full to for in remaining which minimal XXXX our X XX quarter half with rate to the outlined, the the at or to schedule
we quarter. XXX Slide X. during gigawatts to representing sets, X.X Globally, of the capacity blade delivered Please turn
we into utilization anticipated of to strongest be expected also fourth quarter, The with be cash EBITDA expected our all fourth rates positive flow the to move our quarter is As regions the XX%. free quarter generation year. over are
have principles quality on and but Our still lean production management has improve significant and continued opportunities. structure, focus we enhanced our cost our quality
streamlining focus and to and So reduced waste costs. processes efficiency to continue higher eliminating we'll operating on achieve
Moving forward, in competitive to and the and TPI strengthen provider ensuring we position onshore edge continue premier our innovation market. we as blade will invest technology, in the
minimized volatile operate chain estimated multiple impacts. overall global X%, and during our raw XXXX materials to procurement supply nearly by effectively operational to logistics financial have while in XXXX any strategies costs with been events, and Our decrease have continues year-over-year somewhat given
during provide the regional net respect zero such global continues buildings factors The semiconductor energy chip around desire data electrification as growing same centers to for manufacturers, events need wind for electric of through demand the sources. by energy XXXX. and driven this to for geopolitical adoption of the the for the the and vehicles, needs expect security. to rise, market, have clean We world independence the With accelerated
and of permitting seen promote up climate policy Over are expected numerous accelerate the regulations, the the energy, U.S. the the expanding and of past government IRA years, have of cross-border passing in the several we initiatives at simplify the including few aimed policy EU course initiatives renewable to projects use to in neutrality. speed that
will seeing from in Notwithstanding our enable We growth industry. the near-term global we U.S. expect therefore, TPI these growth are we are in the wind revenue onshore by recent in revenue customers policy long-term for and encouraged demand anticipate XXXX. the continued in the results, election U.S. trends governmental
this reopening supported the We be XXXX, along our operating with Iowa blade by of planned throughout near growth by lines capacity blade will at full expect plant mid-XXXX.
come. While U.S. the we the X challenges, are presented we for customers positioned right have the thrive years believe past to months and types with in blade market to strategically
demand tries it the full, current Although many U.S. analysts wind administration's in climate too will power the or strong back roll the the support, of of a states, that President-elect all of renewable in manufacturing a and above dictate an support including resilient solar to assess election investment will part strong to remain impact relatively Republican and to that due Congress. red if private outcome approach early is capacity and state sector in to increasing the the level deployment Trump including IRA sectors agenda, for U.S. significant believe
sight. Long-term to growth remains in onshore Turning Europe. market
However, have Turkey. from dealing the inflation permitting, as same with of we many and European our the chain the availability. are these issues Historically, market plants transmission labor disruptions serviced in markets in supply U.S., namely
and incremental and the in EU profitable. Turkey anytime environment hyperinflationary level to competitive we Europe competitive less added for some component supply domestic Chinese like with years. field the by the playing capacity we EU. pass environment approach make the costs soon aggressive their us to tax the well into although of to generous help recent the Furthermore, encourage the is TPI. Chinese competed manufacturing, not challenging implemented wave U.S., we costs less in that the to aggressive to not for suppliers recent manufacturers as yet as incremental supported expected tariffs push customers, can experienced However, near-shoring has years EU government successfully has Unlike as loss have while the these to taken has subside our for expand into an and have which for their
Nordex, largest by lines production end Turkey, X in of the XXXX. our customer to scheduled has expire
lines the they in us X that in will X India lines 'XX. they informed India. the of not expire Additionally, at that renew Nordex has have end
we have those X replaced already However, for with lines Vestas. lines
are their we they Turkey not uncertain at or time. this While with to and elsewhere, committed extend XXXX and relationship long-term beyond Nordex whether our contracts will is it
recently would the the companies region, of would Turkey share this I largest government benefit expect, we suggest one position to Nordex stand demand as markets by should out announced both plans and robust, for the play and of Turkish in from However, development. that should be given Alcon, the market as enjoyed both this capacity that the wind
experienced X%. a transitions the with along our we loss outlook for the start-ups, Given challenges approximately EBITDA the are third and quarter, reducing the year to in adjusted of extended
cash free expected However, to be stronger the we positive of a into us EBITDA flow year, quarter to and strongest still leading the is what financially year be generation fourth in XXXX. expect much the quarter
in the and decisions of XXXX adjusted updated on have target evolved thinking made context information current EBITDA quarters the the few on in discussed few last customer based has months. last Our we
term. are are going and annual that X to some through near Turkey are Nordic. headwinds demand While related The our challenges some from still offset plan working Turkey XXXX, both India biggest and the customer these are for inflation, in creating we of particularly to in decisions difficult to on in be
had in for shortfall expectations. currently and therefore, too for expect with previous to we of what a provide under These in to created specificity have down compared to contract While volumes it's compared in we XX% to factors XXXX. for Turkey us approximately XXXX be you still lines early lot anticipated guidance a formal XXXX, and previously volume
that to the exploring replace our as to value volume of as well alternatives Turkey other working are We operations. strategic maximize
to results. call turn I'll that, the financial With Ryan our review to over
