Last $8.17 USD
Change Today -0.31 / -3.66%
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As of 5:20 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

broadwind energy inc (BWEN) Key Developments

Broadwind Energy, Inc. Announces $14 Million in New Tower Orders

Broadwind Energy, Inc. announced $14 million in new tower orders from a U.S. wind turbine manufacturer. The company will produce these towers in its Manitowoc, WI and Abilene, TX facilities.

Broadwind Energy, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revised Earnings Guidance for the Year of 2014

Broadwind Energy, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $68,381,000 against $52,945,000 a year ago. Operating income was $2,101,000 against operating loss of $2,488,000 a year ago. Net income from continuing operations before provision for income taxes was $1,901,000 against $418,000 a year ago. Income from continuing operations was $1,860,000 against $404,000 a year ago. Net income was $1,860,000 against $404,000 a year ago. Diluted earnings per share were $0.12 against $0.03 a year ago. Total adjusted EBITDA was $5,910,000 against $3,549,000 a year ago. For the six months, the company reported revenues of $127,181,000 against $98,451,000 a year ago. Operating income was $1,106,000 against operating loss of $6,972,000 a year ago. Net income from continuing operations before provision for income taxes was $882,000 against net loss form continuing operations before provision for income taxes of $4,109,000 a year ago. Income from continuing operations was $817,000 against loss form continuing operation of $4,145,000 a year ago. Net income was $817,000 against net loss of $4,355,000 a year ago. Diluted earnings per share were $0.05 against diluted loss per share of $0.29 a year ago. Net cash used in operating activities was $10,546,000 against net cash from operating activities of $13,776,000 a year ago. Purchases of property and equipment were $4,542,000 against $2,729,000 a year ago. Total adjusted EBITDA was $8,717,000 against $4,885,000 a year ago. The company expects operating results for the third quarter of 2014 to improve sequentially. With the increased demand for blade repairs and improvements and oil trucks sold out, the revenue should reach about $5 million, and the operating loss should narrow. The company projects revenue in the $65 million to $68 million, up from the $60.9 million in 2013. The company is projecting a small positive operating profit and EPS of $0.02 to $0.06 per share. The company also updated full year outlook modestly. The company announced that end up the year 2014 with about $7 million in total of capital expenditures. Full year EBITDA should exceed $16 million, and its EPS should grow modestly in the second half. The company reduced revenue outlook range to $255 million to $265 million.

Broadwind Energy, Inc. Receives $34 Million Order from a U.S. Wind Turbine Manufacturer

Broadwind Energy, Inc. announced $34 million in new tower orders from a U.S. wind turbine manufacturer. The company will produce these towers in its Manitowoc, WI facility.

Broadwind Energy, Inc. to Report Q2, 2014 Results on Jul 31, 2014

Broadwind Energy, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 31, 2014

Broadwind Energy, Inc., Q2 2014 Earnings Call, Jul 31, 2014

Broadwind Energy, Inc., Q2 2014 Earnings Call, Jul 31, 2014

 

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