Broadwind Energy (BWEN) Misses Q4 EPS by 5c

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Go back to Broadwind Energy (BWEN) Misses Q4 EPS by 5c

Broadwind Energy Announces Fourth-Quarter and FY 2016 Results

February 23, 2017 7:01 AM EST

Highlights:

2016 orders total $275 million, nearly triple 2015 orders of $94 millionRevenue of $181 million for 2016, down 9% from 2015 as expected lower steel prices and continued weak demand from Gearing customers Gross profit margin rises to 10% in 2016, more than double 2015Income from continuing operations of $1.3 million ($.09 per share) for 2016, compared to a loss from continuing operations of $12.2 million ($.83 per share) for 2015 Cost reductions exceed plan $9.2 million reduction in manufacturing overhead and operating expenses in 2016Cash and short-term... More