Broadwind Energy

Broadwind, Inc. is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. It operates through the following business segments: Heavy Fabrications, Gearing and Industrial Solutions. The Heavy Fabrications segment provides fabrications to customers in industrial markets. The Gearing segment provides gearing and gearboxes to customers in diverse markets including onshore and offshore oil and gas (O&G) fracking and drilling, surface and underground mining, wind energy, steel, material handling and other industrial markets. The Industrial Solutions segment provides supply chain solutions, inventory management, and kitting and assembly services, primarily serving the combined cycle natural gas turbine market. The company was founded in 1996 and is headquartered in Cicero, IL.

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Broadwind Energy reports strong Q4 performance and eyes market expansion

Broadwind Energy's Q4 2022 performance showed improvements in revenue and EBITDA, with a positive outlook for full-year 2023.
The company's strengths lie in its optimism about market resurgence, capacity expansion plans, and adaptability to explore new markets.
Challenges include navigating project specifics, addressing analyst concerns, and optimizing operational efficiency amidst market dynamics.
Opportunities for Broadwind include clean tech market expansion, leveraging the IRA impact, and capitalizing on the favorable wind tower market landscape.

Broadwind Energy reports robust Q1 earnings and eyes wind sector growth

Broadwind Energy's Q1 2023 performance reflects strong profitability growth, diverse revenue streams, and a positive outlook for future order flow.
While facing challenges such as order variability and margin maintenance, the company's strengths in securing significant contracts and affirming financial guidance signal resilience and growth potential.
Opportunities in the wind sector growth, clean tech markets, and strategic financial planning offer avenues for Broadwind Energy to sustain its positive momentum and drive long-term value creation.

Broadwind Energy reports strong Q2 earnings, eyes growth opportunities

Broadwind Energy's Q2 performance demonstrated growth and profitability, with a focus on expanding product mix in higher-margin markets. Despite challenges in certain segments, the company is optimistic about its future prospects and is actively pursuing growth opportunities.

Broadwind Energy reports strong Q3 performance and outlines growth strategies

Broadwind Energy's Q3 2023 Earnings Call showcased robust financial results, with revenue and adjusted EBITDA showing substantial year-over-year increases. While facing challenges in order fluctuations, the company's strengths lie in its diversified segments, revenue growth, and strategic growth plans for 2024.

Broadwind Energy reports strong Q4 results and eyes future growth

Broadwind Energy (BWEN) showcased robust financial performance in Q4 2023 with strong revenue growth and profitability.
The company's backlog remains solid, and it is optimistic about future growth opportunities in the wind market.
With a successful 2023 behind them, Broadwind Energy looks forward to a promising 2024 and aims to capitalize on market trends.
Broadwind Energy's focus on PRS and expansion plans position it well for continued success and growth in the coming years.

Broadwind Energy reports resilient Q1 performance amidst revenue challenges

Broadwind Energy's Q1 2024 performance reflected resilience amidst revenue challenges, with notable strengths in cost savings and segment diversification.
While facing revenue declines in specific segments, the company is leveraging opportunities in wind energy, new product releases, and quality certifications for growth.
Executives are optimistic about the company's trajectory, emphasizing a focus on less cyclical markets and potential acceleration in domestic wind activity.

Broadwind Energy reports resilient Q2 performance amidst market challenges

Broadwind Energy's Q2 2024 performance reflects a mix of challenges and strengths across its business segments, with a focus on cost management and operational efficiency.
The company's financial guidance for Q3 2024 indicates a continued emphasis on revenue growth and adjusted EBITDA improvement.
Addressing challenges in specific segments while capitalizing on opportunities in renewable energy and aftermarket services will be key for Broadwind Energy's future success.
Strategic actions to navigate market dynamics and maintain a competitive edge will be crucial for sustaining growth and profitability in the evolving energy sector.

Broadwind Energy reports robust Q3 performance amidst revenue challenges

Broadwind Energy's Q3 performance reflects strong order growth and operational resilience, despite revenue decline from lower tower demand.
The company's strategic focus on technology investment and cost reduction initiatives bodes well for future competitiveness and efficiency.
While facing challenges in the wind tower market, Broadwind's diversified segment performance and growth opportunities signal a promising outlook.

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Broadwind, Inc. engages in the manufacture of structures, equipment, and components for clean tech and other specialized applications. It operates through the following business segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to customers in industrial markets. The Gearing segment provides gearing, gearboxes, and precision machined components to customers in onshore and offshore oil and gas (O&G) fracking and drilling, surface and underground mining, wind energy, steel, material handling and other industrial markets. The Industrial Solutions segment provides supply chain solutions, light fabrication, inventory management, and kitting and assembly services, primarily serving the combined cycle natural gas turbine market. Broadwind was founded in 1996 and is headquartered in Cicero, IL.

CICERO, Ill., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), announced today that its Board of Directors has approved a third amendment to the Company's Section 382 Rights Agreement (the “Rights Plan”) designed to preserve Broadwind's substantial tax assets associated with net operating loss carryforwards (“NOLs”) under Section 382 of the Internal Revenue Code (“Section 382”). The amendment extends the Rights Plan through February 22, 2025. The Rights Plan is similar to plans adopted by other public companies with significant NOLs.

Broadwind Approves Third Extension of Section 382 Rights Agreement

Broadwind, Inc. (BWEN) CEO Eric Blashford on Q3 2021 Results - Earnings Call Transcript

Broadwind Energy, Inc. (BWEN) delivered earnings and revenue surprises of -37.50% and 4.45%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Broadwind Energy, Inc. (BWEN) Reports Q3 Loss, Tops Revenue Estimates

Broadwind Energy, Inc. (BWEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Broadwind Energy, Inc. (BWEN) Q3 Earnings Expected to Decline

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CICERO, Ill., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue third quarter 2021 results before the market opens on November 10, 2021. A conference call will be held that same day at 11:00 A.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.

Broadwind Announces Third Quarter 2021 Results Conference Call Date

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The stock price of Broadwind Inc (NASDAQ: BWEN) increased by over 14% in the previous trading session. This is why it happened.

BWEN Stock Price: Why It Increased Over 14%

CICERO, Ill., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that the Company had received over $12 million in new tower orders from multiple wind turbine customers.

Broadwind Announces $12 Million in New Tower Orders and Business Update

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CICERO, Ill., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that Jason Bonfigt, Vice President and Chief Financial Officer, informed the Board of Directors of his intent to pursue other opportunities. Mr. Bonfigt's resignation is not related to the Company's operations, policies or practices, including its controls or financial-related matters.

Broadwind Announces Chief Financial Officer Succession Plan

Broadwind, Inc. (BWEN) CEO Eric Blashford on Q2 2021 Results - Earnings Call Transcript

Broadwind Inc (NASDAQ: BWEN) reported a second-quarter revenue decline of 15.4% year-over-year to $46.49 million, marginally above the consensus of $46.31 million. Sales by segments: Heavy Fabrications $35.86 million (-17.9% Y/Y), Gearing $7.4 million (+7% Y/Y) and Industrial Solutions $3.54 million (-19.5% Y/Y).

Broadwind Reports Mixed Q2 Results, Provides Weak Q3 Outlook

Shares of Broadwind (NASDAQ:BWEN) moved higher by 6.3% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 1666.67% over the past year to $0.53, which beat the estimate of $0.12.

Broadwind: Q2 Earnings Insights

CICERO, Ill., Aug. 06, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2021.

Broadwind Announces Second Quarter 2021 Results

Broadwind Energy (NASDAQ:BWEN) announces its next round of earnings this Friday, August 06. Here is Benzinga's everything-that-matters guide for this Friday's Q2 earnings announcement.

Earnings Preview: Broadwind Energy

Broadwind Energy, Inc. (BWEN) to Report Q2 Results: Wall Street Expects Earnings Growth

CICERO, Ill., July 27, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today issued preliminary results for the second quarter 2021. For the three months ended June 30, 2021, Broadwind currently anticipates total revenue of approximately $46.5 million and total non-GAAP adjusted EBITDA of $12.7 to $13.0 million, subject to quarter-end closing adjustments.

Broadwind Provides Preliminary Second Quarter 2021 Results and Conference Call Date

CICERO, Ill., June 09, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, with an emphasis on serving clean energy markets, today announced that it is set to join the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.

Broadwind to Join Russell Microcap® Index

Broadwind, Inc. (BWEN) CEO Eric Blashford on Q1 2021 Results - Earnings Call Transcript

Broadwind Energy, Inc. (BWEN) delivered earnings and revenue surprises of 63.16% and -12.54%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Broadwind Energy, Inc. (BWEN) Reports Q1 Loss, Lags Revenue Estimates

CICERO, Ill., May 07, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2021.

Broadwind Announces First Quarter 2021 Results

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Broadwind Announces Sale of Four Pressure Reducing Systems

Analysts Estimate Broadwind Energy, Inc. (BWEN) to Report a Decline in Earnings: What to Look Out for

CICERO, Ill., April 23, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue first quarter 2021 results before the market opens on May 7, 2021. A conference call will be held that same day at 11:00 A.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.

News for Broadwind Energy Stock (BWEN)