Net loss a year earlier was $4.5m, or 32 cents per share. The company expects to become profitable in second quarter this year. It also produces gears, and services wind turbines and provides weldments.

First quarter revenue was $58.8m, up 29% from a year earlier, with $46.7m coming from towers.

“We are off to a solid start in 2014. Our Towers and Weldments segment recorded another solid quarter, improving tremendously as we produce efficiently against the past two quarters’ strong order

Flow,” says chief executive Peter DuPrey.

Company-wide