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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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.

CICERO, Ill., Nov. 04, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced the appointment of Mr. Sachin Shivaram to its Board of Directors, effective November 2, 2022.

Broadwind Appoints Sachin Shivaram to Board of Directors

CICERO, Ill., Oct. 25, 2022 (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 2022 results before the market opens on Tuesday, November 8, 2022. 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 Reports Third Quarter 2022 Conference Call and Webcast Date

Highest Value Tower Order Since 2019 Reflects Improving Fundamentals Within Core Wind Markets Highest Value Tower Order Since 2019 Reflects Improving Fundamentals Within Core Wind Markets

Broadwind Awarded $38 Million in Wind Tower Orders

CICERO, Ill., Aug. 23, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced that the Company has received $11 million in new tower orders from a leading global wind turbine manufacturer.

Broadwind Awarded $11 Million in New Tower Orders

CICERO, Ill., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that Thomas A. Ciccone has been appointed as Vice President, Chief Financial Officer and Principal Financial Officer of Broadwind effective August 10, 2022. The Board of Directors had previously appointed Eric Blashford, President and CEO of Broadwind, as Principal Financial Officer and interim Chief Financial Officer in October 2021.

Broadwind Announces New Chief Financial Officer

Broadwind, Inc. (NASDAQ:BWEN ) Q2 2022 Earnings Conference Call August 9, 2022 11:00 AM ET Company Participants Tom Ciccone - Vice President & Principal Accounting Officer Eric Blashford - Chief Executive Officer Conference Call Participants Justin Clare - ROTH Capital Sameer Joshi - H.C. Wainwright Eric Stine - Craig-Hallum Capital Group Operator Greetings.

Broadwind, Inc. (BWEN) CEO Eric Blashford on Q2 2022 Results - Earnings Call Transcript

Broadwind Energy, Inc. (BWEN) delivered earnings and revenue surprises of -18.18% and 16.91%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Broadwind Energy, Inc. (BWEN) Reports Q2 Loss, Tops Revenue Estimates

CICERO, Ill., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2022.

Broadwind Announces Second Quarter 2022 Results

CICERO, Ill., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), announced today that it has completed a $35 million senior secured asset-based revolving loan facility and a $7.578 million senior secured term loan facility with Wells Fargo Bank, National Association as lender. The five year facilities mature on August 4, 2027 and replace the Company's existing credit facility. The proceeds of the facilities will be used for general corporate purposes, including strategic growth opportunities.

Broadwind Announces New $35 Million Credit Facility

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CICERO, Ill., July 26, 2022 (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 2022 results before the market opens on August 9, 2022. 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 2022 Results Conference Call Date

Broadwind, Inc. (NASDAQ:BWEN ) Q1 2022 Results Conference Call May 6, 2022 11:00 AM ET Company Participants Tom Ciccone - VP and Principal Accounting Officer Eric Blashford - CEO Conference Call Participants Justin Clare - ROTH Capital Partners Aaron Spychalla - Craig-Hallum Amit Dayal - H.C. Wainwright Martin Malloy - Johnson Rice Operator Greetings, and welcome to the Broadwind First Quarter 2022 Results Conference Call.

Broadwind, Inc. (BWEN) CEO Eric Blashford on Q1 2022 Results - Earnings Call Transcript

Broadwind Energy, Inc. (BWEN) delivered earnings and revenue surprises of 20% and 41.48%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

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

CICERO, Ill., May 06, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2022.

Broadwind Announces First Quarter 2022 Results

CICERO, Ill., April 21, 2022 (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 2022 results before the market opens on May 6, 2022. 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 First Quarter 2022 Results Conference Call Date

Broadwind, Inc. (BWEN) CEO Eric Blashford on Q4 2021 Results - Earnings Call Transcript

Broadwind Inc (NASDAQ: BWEN) reported a fourth-quarter revenue decline of 35.5% year-over-year to $26.01 million, missing the consensus of $30.56 million. The gross margin contracted by 295 bps to 3.7%.

Broadwind Stock Falls After Q4 Miss, Clocks 35% Decline In Revenue

CICERO, Ill., March 02, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the fourth quarter and full-year 2021.

Broadwind Announces Fourth Quarter and Full-Year 2021 Results

CICERO, Ill., Feb. 28, 2022 (GLOBE NEWSWIRE) --  Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced that the Company has received $13 million in new tower orders from a leading global wind turbine manufacturer.

Broadwind Announces $13 Million in New Tower Orders

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) Q4 Earnings Expected to Decline

CICERO, Ill, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue fourth quarter and full-year 2021 results before the market opens on March 2, 2022. 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 Fourth Quarter and Full-Year 2021 Results Conference Call Date

Broadwind Inc (NASDAQ: BWEN) has received $16 million in new tower orders from a global wind turbine manufacturer. The company has sold greater than 40% of its FY22 optimal annual tower production capacity, including these new orders.

Broadwind Bags $16M In New Tower Orders

CICERO, Ill., Feb. 08, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced that the Company has received $16 million in new tower orders from a leading global wind turbine manufacturer.

Broadwind Announces $16 Million in New Tower Orders

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

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