Broadwind Energy (BWEN) Tops Q2 EPS by 1c
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Broadwind Energy Announces Second-Quarter 2016 Results
July 28, 2016 7:01 AM EDTHighlights:
Booked $176 million in new orders; quarter-end backlog rises to $219 millionRevenue of $43 million in Q2 2016 down from $63 million in Q2 2015 as expected lower volume and lower steel prices Cost reductions on track $4.0 million of savings during first half of 2016Break-even income from continuing operations in Q2 2016, compared to $3.4 million, or $.23 per share, in Q2 2015Cash and short-term investments totaled $11 million at quarter-end, following $2.4 million early pay-down of debt; credit line remains undrawn... More