Broadwind Energy

Broadwind, Inc. is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. It operates through the following business segments: Heavy Fabrications, Gearing and Industrial Solutions. The Heavy Fabrications segment provides fabrications to customers in industrial markets. The Gearing segment provides gearing and gearboxes to customers in diverse markets including onshore and offshore oil and gas (O&G) fracking and drilling, surface and underground mining, wind energy, steel, material handling and other industrial markets. The Industrial Solutions segment provides supply chain solutions, inventory management, and kitting and assembly services, primarily serving the combined cycle natural gas turbine market. The company was founded in 1996 and is headquartered in Cicero, IL.

Earnings data Q1 2024

Broadwind reports strong Q1 earnings, sees growth in clean tech

Broadwind's Q1 2023 performance showed a strong return to profitability, significant new business wins, and a substantial increase in total backlog. The company's emphasis on profitable growth across energy transition and clean tech opportunities, along with the positive impact of regulatory changes, positions it well for future growth.

Broadwind Reports Strong Q2 Performance, Eyes Inorganic Growth Opportunities

Broadwind's Q2 2023 performance showcased strong revenue and margin growth, backed by a solid order book and increased stability. The company faces challenges in capacity expansion and navigating regulatory requirements but sees opportunities in inorganic growth and new service offerings.

Broadwind Reports Strong Q3 Performance and Eyes Growth Opportunities

Broadwind's Q3 results showcased strong financial performance, despite challenges in order totals and reduced demand from the oil and gas market. The company's resilience and strategic actions position it well for future growth, with a focus on optimizing operations and pursuing potential acquisition opportunities.

Broadwind (BWEN) reports strong Q4 results and optimistic outlook for 2024

Broadwind's Q4 2023 earnings call showcased robust financial performance, setting the stage for a successful 2024. The company's strong order bookings, revenue growth, and healthy backlog position it well for continued success.

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Broadwind, Inc. (NASDAQ:BWEN ) Q4 2023 Earnings Conference Call March 5, 2024 11:00 AM ET Company Participants Eric Blashford - CEO Tom Ciccone - VP and CFO Conference Call Participants Eric Stine - Craig-Hallum Sameer Joshi - H.C. Wainwright Justin Clare - ROTH MKM Donovan Schafer - Northland Capital Markets Operator Greetings, and welcome to Broadwind's Fourth Quarter and Full Year 2023 Results Conference Call.

Broadwind, Inc. (BWEN) Q4 2023 Earnings Call Transcript

Broadwind Energy, Inc. (BWEN) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to loss of $0.14 per share a year ago.

Broadwind Energy, Inc. (BWEN) Q4 Earnings Beat Estimates

CICERO, Ill., March 05, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the fourth quarter and full-year 2023.

Broadwind Announces Fourth Quarter and Full-Year 2023 Results

CICERO, Ill., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue fourth quarter and full-year 2023 results before the market opens on Tuesday, March 5, 2024. A conference call will be held that same day at 12:00 p.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.

Broadwind Announces Fourth Quarter and Full-Year 2023 Results Conference Call and Webcast Date

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CICERO, Ill., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it has entered into a definitive Tax Credit Transfer Agreement (the “Agreement) with MarketAxess Holdings Inc. (the “Purchaser”) to sell earned Advanced Manufacturing Production Credits (“Tax Credits”), as outlined within the Inflation Reduction Act (IRA). Under the terms of the Agreement, Broadwind expects to sell approximately $15 million of tax credits, less discounts, transaction fees and related expenses.

Broadwind Announces Agreement to Sell Approximately $15 Million of IRA Advanced Manufacturing Tax Credits

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Broadwind, Inc. (NASDAQ:BWEN ) Q3 2023 Results Conference Call November 13, 2023 12:00 PM ET Company Participants Eric Blashford - CEO Tom Ciccone - VP, CFO Conference Call Participants Amit Dayal - H.C. Wainwright Martin Malloy - Johnson Rice Eric Stine - Craig-Hallum Justin Clare - ROTH MKM Operator Greetings, and welcome to Broadwind's Third Quarter 2023 Results Conference Call.

Broadwind, Inc. (BWEN) Q3 2023 Earnings Call Transcript

Broadwind Energy, Inc. (BWEN) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.09 per share a year ago.

Broadwind Energy, Inc. (BWEN) Tops Q3 Earnings Estimates

CICERO, Ill., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (Nasdaq: BWEN, “Broadwind” or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the third quarter 2023.

Broadwind Announces Third Quarter 2023 Results

CICERO, Ill., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, has rescheduled its third quarter 2023 results conference call and webcast to Monday, November 13, 2023, at 12:00 p.m. ET. Broadwind intends to issue its third quarter 2023 results that same day before the open of the U.S. equity markets.

Broadwind Reschedules Third Quarter 2023 Results Conference Call and Webcast to November 13

Strength in the industrial and energy markets and cost-control actions are likely to aid Broadwind Energy's (BWEN) Q3 results, partly offset by reduced activity in mining and construction markets.

What's in Store for Broadwind Energy (BWEN) in Q3 Earnings?

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CICERO, Ill., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue third quarter 2023 results before the market opens on Wednesday, November 8, 2023. A conference call will be held that same day at 10:00 A.M. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.

Broadwind Announces Third Quarter 2023 Conference Call And Webcast Date

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Broadwind Energy, Inc. (BWEN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Broadwind Energy, Inc. (BWEN) Upgraded to Strong Buy: What Does It Mean for the Stock?

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News for Broadwind Energy Stock (BWEN)