Broadwind Energy (BWEN) Tops Q1 EPS by 10c, Revenues Miss; Offers 2Q Revenue Guidance Above Consensus

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Go back to Broadwind Energy (BWEN) Tops Q1 EPS by 10c, Revenues Miss; Offers 2Q Revenue Guidance Above Consensus

Broadwind Announces First Quarter 2021 Results

May 7, 2021 7:00 AM EDT

CICERO, Ill., May 07, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2021.

FIRST QUARTER 2021 RESULTS(As compared to the first quarter 2020)

Wind tower section orders up 103% year-over-yearTotal revenue of $32.7 million, down 33% year-over-yearTotal net loss of ($1.2) million, or ($0.07) per basic shareTotal non-GAAP adjusted EBITDA of $1.2 million, down 66% year-over-yearTotal cash and excess availability of $21.6 million, up 13% year-over-year

For the three months... More