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As of 8:10 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

broadwind energy inc (BWEN) Key Developments

Broadwind Energy, Inc.(NasdaqCM:BWEN) added to Ardour Global Index (North America)

Broadwind Energy, Inc. will be added to the Ardour Global Index (North America).

Broadwind Energy, Inc. Approves to Amend and Restate the Company's Bylaws

The board of Directors of Broadwind Energy, Inc. voted effective May 20, 2014 to amend and restate the company's bylaws.

Broadwind Energy, Inc. Presents at Ardour Capital Investments Energy Technology & Sustainability Conference, Jun-05-2014 10:15 AM

Broadwind Energy, Inc. Presents at Ardour Capital Investments Energy Technology & Sustainability Conference, Jun-05-2014 10:15 AM. Venue: Latham & Watkins LLP, 885 Third Avenue, New York, NY 10022-4834, United States. Speakers: Peter C. Duprey, Chief Executive Officer, President and Director, Stephanie K. Kushner, Chief Financial Officer, Executive Vice President and Treasurer.

Broadwind Energy, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of 2014

Broadwind Energy, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced revenues of $58,800,000 compared to $45,506,000 for the same period a year ago. Operating loss was $995,000 compared to $4,484,000 for the same period a year ago. Net loss from continuing operations before provision for income taxes was $1,019,000 compared to $4,527,000 for the same period a year ago. Loss from continuing operations was $1,043,000 compared to $4,549,000 for the same period a year ago. Net loss was $1,043,000 compared to $4,759,000 for the same period a year ago. Net loss per common share, basic and diluted was $0.07 compared to $0.33 for the same period a year ago. Net cash used in operating activities was $12,117,000 compared to $2,840,000 for the same period a year ago. Purchases of property and equipment were $2,200,000 compared to $1,375,000 for the same period a year ago. Total adjusted EBITDA (non-GAAP) was $2,807,000 compared to $1,337,000 for the same period a year ago. Increase in sales reflects the continued strength in the company's Towers and Weldments segment, partly offset by weaker results in the Gearing and Services segments. Net debt remained negative, $6.8 million at March 31 The company expects revenue in excess of $70 million in the second quarter of 2014, up more than 30% from last year, for the gross margin in the low-double digits. Adjusted EBITDA, up by $5 million to $6 million, and earnings per share in the range of $0.10 to $0.15, netted with the $0.07 loss in the first quarter this will put the company cumulatively profitable for the first half of the year. The company announced that it’s full year 2014 outlook is unchanged, the company is projecting revenue of $260 million to $270 million, a full year average gross margin in the 10% to 12% range, and SG&A in the 9% to 10% range. Full year EBITDA should exceed $16 million, and EPS should be positive.

Broadwind Energy, Inc. Presents at The Sidoti & Company Semi-Annual Microcap Conference, May-09-2014 10:00 AM

Broadwind Energy, Inc. Presents at The Sidoti & Company Semi-Annual Microcap Conference, May-09-2014 10:00 AM. Venue: The Grand Hyatt Hotel, 109 E 42nd St., New York, NY 10017, United States.

 

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