Broadwind Energy, Inc. (BWEN) Misses Q4 EPS by 2c

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Go back to Broadwind Energy, Inc. (BWEN) Misses Q4 EPS by 2c

Broadwind Energy Announces Q1 2014 Results

April 30, 2014 7:00 AM EDT

Q1 Highlights:

Sales of $58.8 million, up 29% from Q1 2013 Gross profit margin (ex. restructuring) of 9.1%, up 330 bp from Q1 2013 Adjusted EBITDA of $2.8 million, more than double Q1 2013 EPS loss of $.07, significantly ahead of Q1 2013 and Q1 2014 guidance Cash assets declined as expected, to $11.5 million; operating line of credit undrawn; debt and capital lease balance dropped below $5 million

CICERO, Ill., April 30, 2014 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (Nasdaq: BWEN) reported sales of $58.8... More