Broadwind Energy (BWEN) Tops Q1 EPS by 6c
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Broadwind Energy Announces Q1 2017 Results
May 2, 2017 7:01 AM EDTHighlights:
Closed Red Wolf acquisition during Q1 2017Q1 2017 orders total $40 million, up 3% from Q1 2016 Revenue of $56 million for Q1 2017, up 20% from Q1 2016 as expected 16% increase in tower revenue and addition of Red Wolf Gross profit margin rises 290 basis points to 11.4% in Q1 2017, compared to 8.5% in Q1 2016Income from continuing operations of $6.5 million ($.43 per share) for Q1 2017, compared to loss from continuing operations of $.4 million ($.02 per share) for Q1 2016; includes one-time $.34 per share income tax benefit related... More