Broadwind Energy (BWEN) Misses Q3 EPS by 2c

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Broadwind Announces Third Quarter 2021 Results

November 10, 2021 7:00 AM EST

CICERO, Ill., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the third quarter 2021.

THIRD QUARTER 2021 RESULTS(As compared to the third quarter 2020)

Total revenue of $40.4 million, down 26% year-over-yearTotal net loss of ($2.1) million, or ($0.11) per basic shareTotal non-GAAP adjusted EBITDA of $0.4 millionTotal cash and excess availability of $21.1 millionNet leverage at 0.5x TTM non-GAAP adjusted EBITDA

For the three months ended September 30, 2021,... More