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

Earnings data Q1 2021

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Earnings data Q4 2022

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Earnings data Q4 2023

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Earnings data Q2 2024

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.

Shares of Broadwind (NASDAQ:BWEN) remained unaffected at $1.62 after the company reported Q1 results.

Recap: Broadwind Q1 Earnings

CICERO, Ill., May  08, 2020  (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced results for the first quarter 2020.

Broadwind Announces First Quarter 2020 Results

Shares of Broadwind Energy Inc. BWEN, were vaulted 74% higher on heavy volume to pace all premarket gainers Tuesday, after the clean technology components maker announced an order valued at $19 million from a wind turbine customer.

Broadwind Energy's stock soars on heavy volume after wind turbine order

CICERO, Ill., April  22, 2020  (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, announced today that in accordance with the Addendum to Executive Order No. 2020-05 issued by the President of the Town of Cicero, IL on April 16, 2020, all attendees of the Company’s Annual Meeting of Stockholders to be held at 8 a.m. local time on Friday May 1, 2020 at Broadwind’s corporate office located at 3240 South Central Avenue, Cicero, Illinois 60804, will be required to wear a self-provided mask or cloth face covering while on the premises.

Broadwind Announces Additional Information Regarding 2020 Annual Meeting of Stockholders Due to COVID-19 Precautions

Broadwind Energy - Towering Ahead

--Adds Major Wind Turbine OEM To Customer Base--    --Company Has Secured Nearly 70% of Full-Year 2020 Production Capacity--

Broadwind Announces New Tower Customer Order

Broadwind Energy, Inc. (BWEN) CEO Stephanie Kushner on Q4 2019 Results - Earnings Call Transcript

CICERO, Ill., Feb.  21, 2020  (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced that its Board of Directors has elected Stephanie K. Kushner, currently the President and CEO of the Company, as the incoming Chairman of the Board.  As previously announced, Kushner will retire from her current role as President and CEO, effective March 1, 2020, while continuing to serve on the Board of Directors.

Broadwind Announces New Appointments to Board of Directors

Broadwind - Micro Cap With Towering Potential

CICERO, Ill., Jan.  06, 2020  (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN) today announced that it has rebranded to Broadwind©.  The rebranding campaign, which includes a new logo and positioning, followed by an updated website, introduces the new Broadwind as a proven diversified precision manufacturer of specialized components and solutions serving global industries. 

Broadwind Energy Announces Rebrand To Broadwind

CICERO, Ill., Dec.  09, 2019  (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN), a leading precision manufacturer of structures, equipment and components for clean tech and other specialized applications, today announced that its Board of Directors has named Eric Blashford as the Company’s incoming CEO and President, following the retirement of Stephanie Kushner.  The leadership transition is effective March 1, 2020, at which time Mr. Blashford will also be named to the Company’s Board of Directors.  Ms. Kushner will continue to serve as a member of the Board of Directors following her retirement from the Company.

Broadwind Energy, Inc. Announces CEO Succession

CICERO, Ill., Nov.  22, 2019  (GLOBE NEWSWIRE) -- Broadwind Energy (NASDAQ:BWEN) has received its first significant solar market order for production at the company’s Red Wolf facility in Sanford, NC. 

Broadwind Energy Announces Entry Into Solar Market

Broadwind Energy, Inc. (BWEN) CEO Stephanie Kushner on Q3 2019 Results - Earnings Call Transcript

CICERO, Ill., Oct.  29, 2019  (GLOBE NEWSWIRE) --   Highlights:

Broadwind Energy Announces Q3 2019 Results

CICERO, Ill., Sept.  03, 2019  (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN) announced today that Eric Blashford, Vice President and COO, will be presenting at the H. C. Wainwright 21st Annual Global Investment Conference located in New York City on September 10th, 2019 at 9:10 a.m. local time.  Management will be available for one-on-one meetings on September 9th and 10th with investors attending the conference. A link to the presentation slides will be available on the investor page of the Broadwind Energy website at  http://www.bwen.com/investors/events-and-presentations/default.aspx .

Broadwind to Present at the H. C. Wainwright 21st Annual Global Investment Conference

Broadwind Energy's (BWEN) CEO Stephanie Kushner on Q2 2019 Results - Earnings Call Transcript

Broadwind (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.

Will Broadwind Energy (BWEN) Report Negative Earnings Next Week? What You Should Know

Broadwind (BWEN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Broadwind (BWEN) a New Buy Stock

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Broadwind's (BWEN) production for new towers is scheduled to begin in the fourth quarter of 2019 through 2020.

Broadwind (BWEN) Clinches New Tower Orders Worth $29 Million

Broadwind Energy, Inc. (BWEN) CEO Stephanie Kushner on Q1 2019 Results - Earnings Call Transcript

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