Broadwind Energy (BWEN) Tops Q3 EPS by 8c
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Broadwind Energy Announces Third-Quarter 2016 Results
October 28, 2016 7:00 AM EDTHighlights:
Revenue of $43 million in Q3 2016, down from $50 million in Q3 2015 as expected lower steel prices and continued weak demand from Gearing customers Gross profit margin rises to 12.5% in Q3 2016, more than double Q3 2015Income from continuing operations of $1.2 million (or $.08 per share) in Q3 2016, compared to loss from continuing operations of $2.4 million (or $.16 per share) in Q3 2015 Cost reductions tracking ahead of plan $6.5 million reduction in manufacturing overhead and operating expenses through Q3 2016CICERO, Ill.,... More
