Broadwind Energy (BWEN) Misses Q4 EPS by 11c

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Go back to Broadwind Energy (BWEN) Misses Q4 EPS by 11c

Broadwind Energy Announces Fourth-Quarter and Full-Year 2015 Results

February 26, 2016 7:00 AM EST

Highlights:

Revenue of $199 million for full-year 2015, down 12% from full-year 2014 due to operational challenges in Towers business and weaker demand from oil & gas customersCash assets totaled $13 million at 2015 year-end; $2 million of term debt repaidInventory totaled $24 million at 2015 year-end, down $10 million from end of Q3 2015Net loss from continuing operations of $10.7 million, or $.73 per share, in Q4 2015Completed sale of majority of unprofitable Services segment assets

CICERO, Ill., Feb. 26, 2016 (GLOBE NEWSWIRE) --... More