Broadwind Inc's Suppliers Performance
BWEN's Supply Chain
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BWEN Costs vs Sales of Suppliers Growth |
Broadwind Inc's Suppliers recorded an increase in sales by 19.66 % year on year in Q3 2023, from the previous quarter, sales fell by -6.39 %, Broadwind Inc's cost of sales deteriorated by 0 % year on year, sequentially cost of sales grew by 10.55 % in Q3.
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Broadwind Inc's Suppliers recorded an increase in sales by 19.66 % year on year in Q3 2023, from the previous quarter, sales fell by -6.39 %, Broadwind Inc's cost of sales deteriorated by 0 % year on year, sequentially cost of sales grew by 10.55 % in Q3.
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News about Broadwind Inc Contracts |
Broadwind Inc's Comment on Supply Chain
The primary raw material used in the construction of wind towers and gearing products
is steel in the form of plate, bar stock, forgings or castings. The market for
tower steel has become increasingly globalized. Although we are generally responsible
for procurement of the raw materials, our global tower customers often negotiate
the prices and terms for steel purchases, and we purchase under these agreements.
We then pass the steel cost through to our end customer plus a conversion margin.
Outside of these “directed buys”, we operate a multiple supplier
sourcing strategy and source our raw materials through various suppliers located
throughout the U.S. and abroad. We generally do not have long-term supply agreements
with our raw materials suppliers and closely match terms with those of our customers
to limit our exposure to commodity price fluctuations. We believe that we will
be able to obtain an adequate supply of steel and other raw materials to meet
our manufacturing requirements, although from time to time we have faced shortages
of specific grades of steel. Additionally, due to the globalization of the supply
chain for tower steel prompted by the increasing use of “directed buys”,
we faced supply disruptions during 2015 associated with the West Coast port
labor slowdowns. Such shortages have periodically limited our ability to meet
customer demand and caused manufacturing inefficiencies. We have made modifications
to our supply chain management practices to deal more effectively with potential
disruptions arising from the practice of “directed buys”.
Broadwind Inc's Comment on Supply Chain
The primary raw material used in the construction of wind towers and gearing products
is steel in the form of plate, bar stock, forgings or castings. The market for
tower steel has become increasingly globalized. Although we are generally responsible
for procurement of the raw materials, our global tower customers often negotiate
the prices and terms for steel purchases, and we purchase under these agreements.
We then pass the steel cost through to our end customer plus a conversion margin.
Outside of these “directed buys”, we operate a multiple supplier
sourcing strategy and source our raw materials through various suppliers located
throughout the U.S. and abroad. We generally do not have long-term supply agreements
with our raw materials suppliers and closely match terms with those of our customers
to limit our exposure to commodity price fluctuations. We believe that we will
be able to obtain an adequate supply of steel and other raw materials to meet
our manufacturing requirements, although from time to time we have faced shortages
of specific grades of steel. Additionally, due to the globalization of the supply
chain for tower steel prompted by the increasing use of “directed buys”,
we faced supply disruptions during 2015 associated with the West Coast port
labor slowdowns. Such shortages have periodically limited our ability to meet
customer demand and caused manufacturing inefficiencies. We have made modifications
to our supply chain management practices to deal more effectively with potential
disruptions arising from the practice of “directed buys”.
BWEN's Suppliers Net Income grew by |
BWEN's Suppliers Net margin grew in Q3 to |
58.71 % |
6.63 % |
BWEN's vs. Suppliers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Broadwind Inc |
50.70 |
117.54 |
3.73 |
600 |
United States Steel Corp |
10,161.02 |
18,247.00 |
1,149.00 |
34,680 |
Dmc Global Inc |
450.29 |
719.05 |
34.76 |
428 |
Solitario Resources Corp |
42.63 |
0.19 |
-3.75 |
5 |
Timkensteel Corporation |
992.00 |
1,332.40 |
34.90 |
2,600 |
Insteel Industries Inc |
723.81 |
602.77 |
22.42 |
848 |
Commercial Metals Company |
6,906.89 |
8,489.44 |
427.22 |
8,388 |
Arconic Corporation |
3,050.71 |
8,141.00 |
-254.00 |
0 |
Remitly Global Inc |
3,774.51 |
944.29 |
-117.84 |
0 |
Novelis Inc |
0.00 |
16,530.00 |
590.00 |
11,970 |
Century Aluminum Company |
1,411.30 |
2,184.90 |
-52.30 |
1,778 |
Steel Dynamics Inc |
24,815.18 |
18,794.88 |
2,467.33 |
10,640 |
Nucor Corporation |
49,260.48 |
35,732.93 |
5,366.20 |
28,800 |
Alcoa Corp |
6,039.06 |
10,619.00 |
-966.00 |
61,000 |
Worthington Industries Inc |
3,104.41 |
4,700.98 |
303.63 |
10,500 |
Ati Inc |
7,480.65 |
4,173.60 |
423.40 |
9,700 |
Kaiser Aluminum Corporation |
1,375.67 |
3,141.30 |
13.20 |
2,760 |
Ryerson Holding Corporation |
1,120.00 |
5,284.10 |
96.60 |
3,000 |
Olympic Steel Inc |
788.92 |
2,158.16 |
44.53 |
1,660 |
Arcelormittal |
22,823.45 |
68,275.00 |
1,022.00 |
0 |
SUBTOTAL |
144,320.97 |
210,071.00 |
10,601.30 |
188,757 |
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