Broadwind Energy (BWEN) Tops Q2 EPS by 1c

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Broadwind Announces Second Quarter 2020 Results

August 5, 2020 7:00 AM EDT

CICERO, Ill., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2020.

2Q20 HIGHLIGHTS

Total revenue of $54.9 million (+33% y/y)Total gross margin of 9.9% (+40 bps y/y)Total net income of $0.5 million, or $0.03 per basic shareTotal non-GAAP adjusted EBITDA of $2.9 million (+50% y/y)Total cash and... More