Tpi Composites Inc's Business Segments

TPI Composites, Inc. and certain subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code on August 11, 2025, in the United States Bankruptcy Court for the Southern District of Texas. The company continues to operate as a debtor-in-possession under the court's jurisdiction and applicable orders. TPI Composites has filed a motion seeking approval of procedures for the sale of all or part of its assets pursuant to Section 363 of the Bankruptcy Code. The company has indicated that trading in its common stock during the Chapter 11 proceedings is highly speculative and may be subject to restrictions imposed by the Bankruptcy Court. It expects that holders of its common stock will not receive distributions and that the equity will be canceled in connection with the Chapter 11 cases.

The registrant's reportable operating segments are as follows: the U.S. segment, which encompasses wind blade manufacturing at the Newton, Iowa facility (resuming production in the second half of 2025), wind blade inspection and repair services in the U.S., and global corporate support functions including the advanced engineering center in Kolding, Denmark, the engineering center in Berlin, Germany, and the corporate headquarters in Scottsdale, Arizona; the Mexico segment, which includes wind blade manufacturing at three facilities in Juárez, Mexico, one facility in Matamoros, Mexico, and wind blade inspection and repair services in Mexico; and the India segment, which comprises wind blade manufacturing at the Chennai, India facility and wind blade inspection and repair services in India.