Broadwind Announces First Quarter 2020 Results
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Broadwind Energy (BWEN) Tops Q1 EPS by 4c, Revenues Miss; Withdraws FY20 Guidance
May 8, 2020 7:15 AM EDTBroadwind Energy (NASDAQ: BWEN) reported Q1 EPS of $0.06, $0.04 better than the analyst estimate of $0.02. Revenue for the quarter came in at $48.6 million versus the consensus estimate of $49.6 million.
1Q20 HIGHLIGHTS
Total revenue of $48.6 million (+17% y/y)Total gross margin of 12.7% (+420 bps y/y)Total net income of $1.0 million, or $0.06 per basic shareTotal non-GAAP adjusted EBITDA of $3.6 million (+$1.9 million y/y)Total orders of $33.8 million (+41% y/y)Total backlog of $127.4 million (+57% y/y)Total cash and availability of $19.0 million (+$11.5 million y/y)MANAGEMENT... More
