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Broadwind Energy (BWEN) Misses Q2 EPS by 2c

July 30, 2015 9:34 AM

Broadwind Energy (NASDAQ: BWEN) reported Q2 EPS of $0.11, $0.02 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $65.2 million versus the consensus estimate of $67.01 million.

Orders and Backlog

The Company booked $60.0 million in net new orders in Q2 2015, up from $23.6 million in Q2 2014. Towers and Weldments orders, which vary considerably from quarter to quarter, totaled $51.4 million, up from $.9 million in Q2 2014. This included a $50.0 million order for 2016 tower production. Gearing orders totaled $3.9 million, down significantly from $18.3 million in Q2 2014. Services orders totaled $4.7 million, up from $4.4 million in Q2 2014.

At June 30, 2015, total backlog was $169 million, down 24% from the backlog at June 30, 2014.

For earnings history and earnings-related data on Broadwind Energy (BWEN) click here.

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