Broadwind Inc Stock Price, News & Analysis

Broadwind (NASDAQ: BWEN) will release its Q4 and full-year 2020 financial results on February 25, 2021, before market opening. A conference call is scheduled for the same day at 11:00 A.M. ET to discuss these results and conduct a Q&A session. Investors can access the call via webcast on Broadwind’s Investor Relations website. The call will include forward-looking statements regarding financial performance and market conditions, reflecting management’s current expectations amidst ongoing challenges, including the COVID-19 pandemic.

Broadwind (NASDAQ: BWEN) reported preliminary results for Q4 2020, expecting revenue of approximately $40 million and non-GAAP adjusted EBITDA of $0.1 to $0.3 million. The decline was attributed to delays in tower deliveries and lower revenue in the Gearing segment, compounded by pandemic-related supply chain issues. For H1 2021, revenue is anticipated to range from $85 million to $90 million, with adjusted EBITDA of $2 to $3 million. The company secured about half of its wind tower capacity for 2021, including $7 million in new orders in January.

Broadwind (NASDAQ: BWEN) reported its Q3 2020 financial results, showing a total revenue increase of 18% year-over-year to $54.6 million. Despite this, the company incurred a net loss of $1.0 million, slightly worse than the previous year's loss of $0.9 million. The Heavy Fabrications segment thrived with a 28% revenue increase, driven by strong demand for wind towers. However, the Gearing and Industrial Solutions segments faced declines. Cash reserves stood at $21.8 million, with total debt reduced by $4.5 million. Management expects continued growth in revenue and adjusted EBITDA for the full year 2020.

Broadwind (NASDAQ: BWEN) will release its third quarter 2020 results on November 4, 2020, before market opens. A conference call is scheduled for the same day at 11:00 A.M. ET to discuss financial results and recent events. Interested parties can access a live webcast in the Investor Relations section of Broadwind's website.

For the call, domestic participants can dial 877-407-9716 and international participants 201-493-6779. A replay will be available until November 11, 2020.

Broadwind (NASDAQ: BWEN) has announced new wind tower orders valued at approximately $21 million, to be manufactured in Texas with expected delivery in early 2021. However, a significant portion of another order has been postponed from Q3 2020 to Q1 2021. Due to reduced capacity utilization, up to $2.5 million in adjusted EBITDA is expected to shift from the second half of 2020 to 2021, impacting Q3 results. Despite these challenges, Broadwind anticipates a full-year revenue of around $200 million and a double-digit growth in adjusted EBITDA for 2020.

Broadwind (NASDAQ: BWEN) reported strong second quarter 2020 results with total revenue of $54.9 million, a 33% increase year-over-year. Net income reached $0.5 million, or $0.03 per share, a significant improvement from a net loss of $1.0 million a year earlier. Adjusted EBITDA rose 50% to $2.9 million. Revenue growth was driven mainly by a 50% increase in Heavy Fabrications and Industrial Solutions segments, despite a 25% decline in the Gearing segment due to economic uncertainty from COVID-19. The company ended the quarter with cash availability of $21.9 million, up $13.8 million from the previous year.

Broadwind (BWEN) announced it will release its second quarter 2020 financial results before the market opens on August 5, 2020. A conference call is scheduled for the same day at 11:00 A.M. ET to discuss the results and recent events, with a Q&A session to follow. Investors can access a live webcast of the call via Broadwind's Investor Relations website. The announcement also included a reminder for potential risks linked to forward-looking statements affected by the COVID-19 pandemic, addressing concerns over customer relationships, supply chains, and market conditions.

Broadwind (NASDAQ: BWEN) reported first-quarter 2020 results, highlighting total revenues of $48.6 million (+17% y/y) and net income of $1.0 million or $0.06 per share. The gross margin improved to 12.7% (+420 bps y/y). The backlog increased by 57% to $127.4 million, driven by demand for wind tower sections. However, the company is withdrawing its full-year guidance due to COVID-19 uncertainties. Despite robust orders in Heavy Fabrications and Industrial Solutions, the Gearing Segment faced a revenue decline. Cash and liquidity improved by $11.5 million to $19 million.