Broadwind Energy (BWEN) Tops Q1 EPS by 13c
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Broadwind Energy Announces First-Quarter 2016 Results
April 28, 2016 7:02 AM EDTHighlights:
Q1 2016 orders totaled $39 million, nearly double order intake in Q1 2015Revenue of $47 million in Q1 2016, down 5% from Q1 2015 lower steel prices and weak oil & gas marketsGross profit of $4 million in Q1 2016, up 290 basis points from Q1 2015Net loss from continuing operations narrows to $.4 million, or $.02 per share, in Q1 2016 compared to $2.5 million, or $.17 per share, in Q1 2015Cash and short-term investments totaled $15 million at quarter-end; credit line remains undrawnCICERO, Ill., April 28,... More
