Latest Issue
 
Windtech International July August 2024 issue

 

FOLLOW US AT

follow

 

follow


Net sales for the quarter increased by US$ 100.2 million or 43.4% to US$ 330.8 million compared to US$ 230.6 million in the same period in 2018. Total billings increased by US$ 67.1 million or 28.3% to US$ 304.5 million for the three months ended June 30, 2019 compared to US$ 237.4 million in the same period in 2018. Net sales of wind blades were US$ 301.8 million for the quarter as compared to US$ 206.4 million in the same period in 2018.
 
The increase was primarily driven by a 23% increase in the number of wind blades produced and a higher average sales price due to the mix of wind blade models produced year over year. Total cost of goods sold for the quarter was US$ 308.2 million and included US$ 14.7 million related to 13 lines in startup in our plants in Mexico and China and the startup of new wind blade models for a customer in Turkey and US$ 8.2 million related to the seven lines in transition during the quarter. This compares to total cost of goods sold of US$ 215.6 million for the same period in 2018. Net income for the quarter was US$ 1.8 million as compared to a net loss of US$ 4.1 million in the same period in 2018. EBITDA for the quarter increased to US$ 11.7 million, compared to US$ 10.1 million during the same period in 2018. Adjusted EBITDA for the quarter increased to US$ 19.5 million compared to US$ 13.5 million during the same period in 2018. Adjusted EBITDA margin increased slightly to 5.9% compared to 5.8% during the same period in 2018.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.