TPI Composites Files 2024 10-K
Ticker: TPICQ · Form: 10-K · Filed: Feb 20, 2025 · CIK: 1455684
| Field | Detail |
|---|---|
| Company | Tpi Composites, Inc (TPICQ) |
| Form Type | 10-K |
| Filed Date | Feb 20, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, debt, revenue
Related Tickers: GE
TL;DR
TPI Composites 2024 10-K is in: financials, debt, and GE Wind revenue detailed.
AI Summary
TPI Composites, Inc. filed its 2024 10-K on February 20, 2025, reporting on its fiscal year ending December 31, 2024. The filing details the company's financial performance and operational status, including its property, plant, and equipment, and long-term debt obligations. Key financial data and business segments are outlined, with a focus on revenue generated from its GE Wind segment and potential customer concentration risks.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of TPI Composites' financial health and strategic positioning for the past fiscal year, impacting investment decisions and market sentiment.
Risk Assessment
Risk Level: medium — The filing mentions customer concentration risk, indicating potential reliance on a few key clients which can pose a significant business risk.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2025-02-20 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- TPI Composites, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-02-20 (date) — Filing date
- GE Wind (company) — Key customer segment
FAQ
What was the total revenue for TPI Composites in the fiscal year ending December 31, 2024?
The filing indicates 'us-gaap:SalesRevenueNetMember' but does not provide a specific dollar amount for total revenue in the provided snippet.
What is the nature of the customer concentration risk mentioned in the filing?
The filing mentions 'us-gaap:CustomerConcentrationRiskMember' in relation to the 'GEWindMember' segment for the period 2024-01-01 to 2024-12-31, suggesting a significant reliance on GE Wind.
What are the company's long-term debt obligations as of December 31, 2024?
The filing references 'us-gaap:LongTermDebtAndCapitalLeaseObligations' and 'us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent', indicating these are reported, but specific amounts are not detailed in the snippet.
What is the value of TPI Composites' Property, Plant, and Equipment as of December 31, 2024?
The filing references 'http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet' and specific asset types like 'tpic:OfficeEquipmentAndSoftwareMember' and 'us-gaap:MachineryAndEquipmentMember' for 2024-12-31, but the total net value is not provided in the snippet.
Does the filing mention any specific debt instruments due in the near future?
Yes, the filing references 'tpic:SeniorSecuredNoteDueTwentyTwentyEightMember' for the period 2024-01-01 to 2024-12-31, indicating a specific long-term debt instrument.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 20, 2025 regarding TPI COMPOSITES, INC (TPICQ).