Broadwind, Inc. (NASDAQ:BWEN) Q4 2023 Earnings Call Transcript

And so it caught my attention when there is an increase in like gang violence, and I think there are some prison escapes and just kind of – it looks like that country has erupted into some chaos and some martial law things and so forth. So the first question is just, in general, like at a very general level, do balsa – if balsa wood prices get really high or anything, does that flow through into wind and eventually, maybe it takes a year or two, but does that eventually – does that become a material headwind or not with wind deployment, so that it could be worth paying attention to? Or if it’s – and if yes, if it can be material, then are you seeing anything in this specific case currently? And then if it doesn’t end up being material, then it’s not material.

Eric Blashford: Yes. Yes. What I would say is in the general supply chain, our customers are trying to make sure that they optimize their inventory and their cash flow. And that means they have to have the towers, then the cells and the blades really come to site as near one another as they can. So any kind of this delay or disruption could have an issue. That’s not something I follow because I’m not a blade guy. I’m a tower person, I follow steel. So I would say I haven’t heard that. I know TPIC is another public company that – they’re blade, so maybe they could shed some light on that for you. But I have not heard that, although this is a global supply chain. And like I said, the turbine OEMs are trying very hard to make sure they optimize their supply chain and optimize their inventory. So this could have an impact. But it’s not something that I’ve heard of. So I can’t really help you there, Donovan.

Donovan Schafer: Okay. Yes. And I’m familiar with TPIC. I know that they have – there’s a capability to pivot. I just can’t remember – in a hypothetical pricing situation, there’s an ability to pivot. I just can’t remember what the timing is on that if it takes a while.

Eric Blashford: Yes, it’s not something that I can help with there.

Donovan Schafer: I appreciate that. All right. Thanks, guys. I’ll take the rest of my questions offline.

Eric Blashford: Thanks Donovan.

Tom Ciccone: Thanks Donovan.

Operator: We’ve reached the end of the question-and-answer session. I’d now like to turn the call back over to Eric Blashford for closing comments.

Eric Blashford: Well, thanks, everyone, for listening today. We’re pleased with our 2023 results and look forward to a great 2024 together and presenting our results to you on our next conference call. Thank you.

Operator: This concludes today’s conference. You may disconnect your lines at this time, and we thank you for your participation.