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Recap: Broadwind Q1 Earnings

Benzinga Insights
·1 min read

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

Quarterly Results

Earnings per share increased 185.71% over the past year to $0.06, which beat the estimate of $0.02.

Revenue of $48,634,000 rose by 16.74% year over year, which missed the estimate of $49,600,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 08, 2020

View more earnings on BWEN

Webcast URL: http://public.viavid.com/player/index.php?id=138714

Recent Stock Performance

52-week high: $2.59

52-week low: $1.12

Price action over last quarter: down 20.98%

Company Description

Broadwind inc, formerly Broadwind Energy Inc provides technologically value products to energy, mining, and infrastructure sector customers in the United States of America. It operates through three operating segments namely Heavy Fabrications segment manufactures towers for wind turbines, specifically the large and heavier wind towers that are designed for multiple megawatt wind turbines; Gearing segment engineers, builds and remanufactures precision gears and gearing systems for oil and gas, wind energy, mining, steel and other industrial applications; Industrial Solutions segment which provides contract manufacturing services throughout the U.S. and in foreign countries, primarily supporting the natural gas turbine power generation market.

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