HUTCHINSON, Kan. — Siemens Gamesa will release its fourth quarter and year end earnings reports on Friday.
SG showed a loss of $179 million in the third quarter. Despite a strong backlog of orders things may not be any better this quarter. A slow down in the supply chain last month forced SG to implement rolling furloughs at the Hutchinson nacelle facility. The furloughs are expected to continue through the end of the calendar year. The company has also shut down production altogether at times during the furloughs due to a lack of components
With so many unknowns, the company lowered its year end projected revenue to between $12 Billion and $12.4 billion.
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