Broadwind Energy (BWEN) Tops Q1 EPS by 4c, Revenues Miss; Withdraws FY20 Guidance
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Broadwind Announces First Quarter 2020 Results
May 8, 2020 7:00 AM EDTCICERO, Ill., May 08, 2020 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced results for the first quarter 2020.
1Q20 HIGHLIGHTS
Total revenue of $48.6 million (+17% y/y)Total gross margin of 12.7% (+420 bps y/y)Total net income of $1.0 million, or $0.06 per basic shareTotal non-GAAP adjusted EBITDA of $3.6 million (+$1.9 million y/y)Total orders of $33.8 million (+41% y/y)Total backlog of $127.4 million (+57% y/y)Total cash and availability of $19.0 million (+$11.5 million y/y)... More