TPI Composites Inc - Company Profile
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TPI Composites Inc (TPI) is a manufacturer of composite wind blades; and related precision molding and assembly systems. The company’s products include composite wind blades, related precision molding and assembly systems, composite solutions for vehicles, lightweight composite bus structures, structural composite truck body parts, single parts, and complete vehicle body-in-white. It also offers field service inspection, restoration services, engineering & support services, and repair services. The company offers its products and services to original equipment manufacturers (OEM), wind farm owners, and operators. It has operations and manufacturing facilities across the US, China, Mexico, India, Germany, Denmark, Spain and Turkey. TPI is headquartered in Scottsdale, Arizona, the US.
Headquarters
United States of America
Address
8501 N Scottsdale Road, Gainey Center Ii, Suite 100, Arizona, 85253
Website
www.tpicomposites.com
Telephone
1 480 3058910
No of Employees
9,600
Industry
Alternative Energy
Ticker Symbol & Exchange
TPICQ (OTC)
Revenue (2024)
$918.5M
3.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-41.6%
(2024 vs 2023)
Market Cap*
$320,000
Net Profit Margin (2024)
XYZ
-37.2%
(2024 vs 2023)
* As of and is in US$
TPI Composites Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Composite Wind Blades | Field Service Inspection |
| Related Precision Molding and Assembly Systems | Restoration Services |
| Composite Solutions for Vehicles | Engineering & Support Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Bankruptcy Filing | In August, the company filed for Chapter 11 bankruptcy. |
| 2024 | Contracts/Agreements | In June, the company entered into an agreement to sell its automotive business to Clear Creek Investments, LLC. |
| 2024 | Contracts/Agreements | In May, the company partnered with the University of Maine Advanced Structures and Composites Center and Oak Ridge National Laboratory to utilize a massive 3D printer for making wind turbine tools. |
Competitor Comparison
| Key Parameters | TPI Composites Inc | Sinoma Science & Technology Co Ltd | Aeris Industria e Comercio de Equipamentos para Geracao de Energia SA | Bayview Composites LLC | Lianyungang Zhongfu Lianzhong Composites Group Co Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | China | Brazil | United States of America | China |
| City | Scottsdale | Beijing | Caucaia | Mount Vernon | Lianyungang |
| State/Province | Arizona | Beijing | - | Washington | Jiangsu |
| No. of Employees | 9,600 | 20,901 | 1,852 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Steven C. Lockard | Chairman | Executive Board | 2020 | 62 |
| William E. Siwek | Director; President; Chief Executive Officer | Executive Board | 2020 | 62 |
| Ryan Miller | Chief Financial Officer | Senior Management | 2022 | 50 |
| Charles Stroo | Chief Operating Officer | Senior Management | 2023 | 49 |
| Theo Gibson | Chief Information Officer | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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