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Last $3.12 USD
Change Today 0.00 / 0.00%
Volume 29.6K
BWEN On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

broadwind energy inc (BWEN) Key Developments

Broadwind Energy, Inc. Provides Capital Spending Guidance for 2015 and Earnings Guidance for the Third Quarter of 2015

Broadwind Energy, Inc. provided capital spending guidance for 2015 and earnings guidance for the third quarter of 2015. The company now anticipates full year capital spending to be about $4 million, less than half the full year depreciation charge of $9 million. For the third quarter of 2015, the company is forecasting revenue in the $63 million to $65 million range; gross margin continuing in the 10% to 11% range and operating profit of $1 million to $2 million. This should provide EPS of $0.07 to $0.12. EBITDA should more than double from last year and be in the $4 million to $6 million range.

Broadwind Energy, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Broadwind Energy, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $65,225,000 against $68,381,000 a year ago. Operating income was $1,861,000 against $2,101,000 a year ago. Net income was $1,615,000 against $1,860,000 a year ago. Diluted earnings per share were $0.11 against $0.12 a year ago. Total Adjusted EBITDA (Non-GAAP) was $4,686,000 against $5,910,000 a year ago. For the six months, the company reported revenues of $116,276,000 against $127,181,000 a year ago. Operating loss was $3,117,000 against operating income of $1,106,000 a year ago. Net loss was $3,400,000 against net income of $817,000 a year ago. Diluted loss per share were $0.23 against diluted earnings per share was $0.05 a year ago. Net cash used in operating activities was $23,131,000 against $10,546,000 a year ago. Purchases of available for sale securities was $1,884,000 against $2,563,000 a year ago. Purchases of property and equipment was $1,604,000 against $4,542,000 a year ago. Total Adjusted EBITDA (Non-GAAP) was $2,755,000 against $8,717,000 a year ago. Net debt rose $4,000,000 to $8,400,000 due to a reduction in customer deposits and increased supplier payments, which more than offset the benefit of $2.7 million in reduced inventory.

Broadwind Energy, Inc. to Report Q2, 2015 Results on Jul 30, 2015

Broadwind Energy, Inc. announced that they will report Q2, 2015 results at 10:00 AM, Central Standard Time on Jul 30, 2015

Broadwind Energy, Inc., Q2 2015 Earnings Call, Jul 30, 2015

Broadwind Energy, Inc., Q2 2015 Earnings Call, Jul 30, 2015

Broadwind Energy, Inc. Announces Extension of $20 Million Credit Facility

Broadwind Energy, Inc. announced the extension of its $20 million credit facility with AloStar Bank of Commerce. Under the terms of the new agreement, the facility will transition from a $20 million revolving line of credit to a $15 million revolving line of credit plus a $5 million machinery and equipment term loan. The credit facility has a one-year term, with an annual interest rate of 30-day LIBOR plus 3.25% to 3.50%.

 

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