Broadwind Energy (BWEN) Misses Q2 EPS by 2c

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Go back to Broadwind Energy (BWEN) Misses Q2 EPS by 2c

Broadwind Energy Announces Second Quarter 2015 Results

July 30, 2015 7:00 AM EDT

Highlights:

Returned to profitability; Q2 2015 EPS of $.11 in line with Q2 2014Booked $60 million in new orders during Q2; ending backlog totaled $169 millionRevenue of $65 million, down 5% from Q2 2014 due primarily to downturn in oil and gas and mining marketsRecord-low operating expenses of 8% of sales, reflecting aggressive cost managementExtended credit line with better terms and cash availabilityBoard authorizes evaluation of strategic alternatives for Services business

CICERO, Ill., July 30, 2015 (GLOBE... More