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.

Earnings data Q4 2020

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Earnings data Q3 2024

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.

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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.

Broadwind Energy, Inc. (BWEN) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.09 per share a year ago.

Broadwind Energy, Inc. (BWEN) Tops Q3 Earnings Estimates

CICERO, Ill., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (Nasdaq: BWEN, “Broadwind” or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the third quarter 2023.

Broadwind Announces Third Quarter 2023 Results

CICERO, Ill., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, has rescheduled its third quarter 2023 results conference call and webcast to Monday, November 13, 2023, at 12:00 p.m. ET. Broadwind intends to issue its third quarter 2023 results that same day before the open of the U.S. equity markets.

Broadwind Reschedules Third Quarter 2023 Results Conference Call and Webcast to November 13

Strength in the industrial and energy markets and cost-control actions are likely to aid Broadwind Energy's (BWEN) Q3 results, partly offset by reduced activity in mining and construction markets.

What's in Store for Broadwind Energy (BWEN) in Q3 Earnings?

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CICERO, Ill., Oct. 25, 2023 (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 2023 results before the market opens on Wednesday, November 8, 2023. A conference call will be held that same day at 10:00 A.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.

Broadwind Announces Third Quarter 2023 Conference Call And Webcast Date

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Broadwind Energy, Inc. (BWEN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Broadwind Energy, Inc. (BWEN) Upgraded to Strong Buy: What Does It Mean for the Stock?

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Orders for durable goods are rebounding, which is helping stocks like Applied Industrial Technologies, Inc. (AIT), Caterpillar Inc. (CAT), Broadwind, Inc. (BWEN), Graham Corporation (GHM) and Xerox Holdings Corporation (XRX).

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Broadwind Energy, Inc. (BWEN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

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Broadwind Energy, Inc. (BWEN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Broadwind Energy, Inc. (BWEN) Is Attractively Priced Despite Fast-paced Momentum

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Broadwind, Inc. (NASDAQ:BWEN ) Q2 2023 Earnings Conference Call August 14, 2023 11:00 AM ET Company Participants Tom Ciccone - CFO Eric Blashford - President and CEO Conference Call Participants Eric Stine - Craig-Hallum Amit Dayal - H.C. Wainwright Justin Clare - ROTH MKM Operator Greetings, and welcome to Broadwind's Second Quarter 2023 Results Conference Call.

Broadwind, Inc. (BWEN) Q2 2023 Earnings Call Transcript

CICERO, Ill., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (Nasdaq: BWEN, “Broadwind” or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2023.

Broadwind Announces Second Quarter 2023 Results

CICERO, Ill., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue second quarter 2023 results before the market opens on Monday, August 14, 2023. 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 Second Quarter 2023 Conference Call and Webcast Date

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Broadwind has experienced significant share price growth in the past year, with strong earnings, growth potential, undervaluation, and constant innovation making it a promising buy. The company's earnings exceeded expectations in terms of revenue and earnings per share, with a total backlog of $287.8 million indicating a solid pipeline of future revenue. Despite the risks associated with the cyclical nature of end markets and intense competition, Broadwind's focus on innovation and expansion in the renewable energy market make it a potential significant industry player.

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CICERO, Ill., May 23, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (Nasdaq: BWEN, “Broadwind” or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that, based on preliminary voting tabulations provided by the Company's proxy solicitor, Broadwind stockholders have supported the re-election of all seven Broadwind nominees to the Company's Board of Directors (the “Board”):  Eric B. Blashford, Philip J. Christman, Jeanette A. Press, David P. Reiland, Sachin M. Shivaram, Thomas A. Wagner and Cary B. Wood.

News for Broadwind Energy Stock (BWEN)