Broadwind Energy (BWEN) Misses Q4 EPS by 40c, Revenues Beat

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Go back to Broadwind Energy (BWEN) Misses Q4 EPS by 40c, Revenues Beat

Broadwind Energy Announces Q4 and Full Year 2018 Results

February 26, 2019 7:01 AM EST

Highlights:

2018 orders of $83 million include $40 million of orders from diverse customers and reflects strength in oil and gas and mining sectors Full year revenue of $125 million 34% lower wind tower sales volumes, partially offset by growth in other product lines  First profitable year for Gearing segment Full year EPS loss of $1.56 attributable to a $12.6 million ($.81 per share) non-cash intangible impairment and to lower tower salesNet debt reduced 18% in 2018, dropping to $13.7M at year-end, due to customer deposits... More