Broadwind Announces First Quarter 2021 Results
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Broadwind Energy (BWEN) Tops Q1 EPS by 10c, Revenues Miss; Offers 2Q Revenue Guidance Above Consensus
May 7, 2021 7:11 AM EDTBroadwind Energy (NASDAQ: BWEN) reported Q1 EPS of ($0.07), $0.10 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $32.73 million versus the consensus estimate of $35.55 million.
Although our first quarter results were adversely impacted by a combination of adverse weather conditions, a shift in the timing of a customer order and pandemic-related supply chain constraints, our business recovered during April, supported by new customer orders and improved plant utilization. We are seeing a broad market recovery that will drive growth in our industrial businesses in the second half of this year,... More
