Welcome to our dedicated page for Broadwind news (Ticker: BWEN), a resource for investors and traders seeking the latest updates and insights on Broadwind stock.
About Broadwind Inc. (BWEN)
Broadwind Inc. is a diversified precision manufacturer specializing in the production of structures, equipment, and components for clean technology and other specialized industrial applications. Headquartered in the United States, Broadwind serves a wide range of industries, including energy, mining, and infrastructure, providing high-value, technologically advanced solutions designed to meet stringent quality and performance standards. The company leverages its extensive manufacturing expertise to support customers in optimizing the performance of their investments through innovative, efficient, and reliable solutions.
Core Business Segments
Broadwind operates through three primary business segments, each tailored to address specific market needs:
- Heavy Fabrications: This segment focuses on the production of large-scale, precision-engineered structures, including wind turbine towers and other industrial fabrications. Broadwind's capabilities in welding, metal rolling, and coatings enable it to deliver durable, high-quality products for demanding applications.
- Gearing: Broadwind's Gearing segment specializes in the design, manufacturing, and repair of precision gears and gearboxes. With advanced gear cutting and shaping technologies, the company serves industries requiring high-performance mechanical components, such as energy generation and heavy equipment manufacturing.
- Industrial Solutions: This segment provides a range of engineering, assembly, and packaging solutions, catering to customers with complex systems and unique operational requirements. By offering customized solutions, Broadwind enhances its ability to serve niche markets effectively.
Capabilities and Expertise
Broadwind's manufacturing capabilities encompass a wide array of specialized processes, including heavy fabrications, welding, metal rolling, advanced coatings, gear cutting and shaping, gearbox manufacturing and repair, heat treating, and assembly. These capabilities enable the company to deliver end-to-end solutions, from initial engineering design to final packaging and delivery. Broadwind's emphasis on quality and precision ensures that its products meet the rigorous standards required by its customers.
Industry Context and Market Position
Broadwind operates in industries undergoing significant transformation, particularly the energy sector, where the shift toward renewable energy sources is driving demand for clean technology solutions. The company's expertise in manufacturing wind turbine towers positions it as a key player in the renewable energy supply chain. Additionally, its presence in the mining and infrastructure sectors allows Broadwind to diversify its revenue streams and mitigate risks associated with industry-specific cycles.
Competitive Differentiation
Broadwind differentiates itself through its ability to handle complex manufacturing tasks and deliver customized solutions tailored to specific customer needs. Its integrated approach, combining engineering, manufacturing, and repair services, provides a comprehensive value proposition that few competitors can match. This integration not only enhances operational efficiency but also strengthens customer relationships by offering a single-source solution for complex projects.
Commitment to Sustainability
Broadwind's focus on clean technology aligns with global trends toward sustainability and environmental responsibility. By manufacturing components for renewable energy systems, such as wind turbines, the company contributes to the reduction of carbon emissions and the transition to a more sustainable energy future.
Conclusion
Broadwind Inc. stands out as a precision manufacturer with a strong focus on clean technology and specialized industrial applications. Through its diversified business segments, advanced manufacturing capabilities, and commitment to quality, the company is well-positioned to serve industries with complex and evolving needs. Its strategic emphasis on sustainability and innovation further enhances its relevance in a rapidly changing global market.
Broadwind (BWEN), a diversified precision manufacturer of specialized components serving global markets, has scheduled its fourth quarter and full-year 2024 financial results announcement for Wednesday, March 5, 2025, before market opening.
The company will host a conference call and webcast at 11:00 a.m. ET on the same day to discuss the results and recent events, followed by a question-and-answer session. Investors can access the webcast and presentation materials through the company's Investor Relations website at investors.bwen.com/investors. The teleconference replay will be available through Wednesday, March 12, 2025.
Participants are advised to register at least 15 minutes before the scheduled start time to ensure proper setup of necessary audio software.
Broadwind (BWEN) reported Q3 2024 results with total revenue of $35.5 million and net income of $0.1 million. The company achieved adjusted EBITDA of $3.4 million, representing 9.5% of total revenue. Revenue declined across all segments due to lower sales volumes, with wind tower sections down 54% year-over-year. Despite market challenges, total orders increased 45% in Q3, supporting a backlog of $124.3 million. The company reduced fixed overhead by $3.6M through operating expenditure reductions while maintaining profitability. Broadwind provided Q4 2024 guidance with expected revenue between $31-33 million and adjusted EBITDA of $1.0-1.5 million.
Broadwind (BWEN), a diversified precision manufacturer of specialized components, has scheduled its third quarter 2024 earnings release and conference call. The company will release results before market opens on November 13, 2024, followed by a conference call at 11:00 a.m. ET. The call will include a Q&A session and presentation materials will be available on the company's investor relations website. A replay of the teleconference will be accessible through November 20, 2024.
Broadwind (BWEN) reported Q2 2024 results with total revenue of $36.5 million and net income of $0.5 million, or $0.02 per diluted share. The company achieved non-GAAP adjusted EBITDA of $3.6 million, representing 10.0% of total revenue. Despite a 28% year-over-year revenue decline, Broadwind maintained operational efficiency, resulting in a modest decrease in adjusted EBITDA margin.
Key highlights include:
- Net debt to trailing twelve-month non-GAAP adjusted EBITDA ratio of 1.1x
- Total backlog of $139.1 million as of June 30, 2024
- Book-to-bill ratio of 0.5x for Q2 2024
- Available cash and credit facility of $18.4 million
The company expects improved order activity going into 2025, with a focus on operational efficiency and expansion into energy transition market adjacencies.
Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions, has announced the date for its second quarter 2024 results conference call and webcast. The company will release its Q2 2024 results before the market opens on Tuesday, August 13, 2024. A conference call will be held at 11:00 a.m. ET on the same day to discuss the financial results, recent events, and conduct a Q&A session.
Investors can access the webcast and presentation materials through the Investor Relations section of Broadwind's corporate website. To participate in the live teleconference, interested parties can call 877-407-9716. A replay of the teleconference will be available until Tuesday, August 20, 2024, accessible via 844-512-2921 with the Conference ID: 13747800.
Broadwind (Nasdaq: BWEN) reported its Q1 2024 results, highlighting a total revenue of $37.6 million and a net income of $1.5 million, or $0.07 per diluted share. The non-GAAP adjusted EBITDA was $4.2 million, representing 11.1% of total revenue. Despite a 23% year-over-year revenue decline, profitability improved due to a higher value sales mix and cost reductions. Orders grew 43.5% sequentially but declined compared to the prior year. The backlog stood at $159.9 million with a book-to-bill ratio of 0.8x. The company had $22.4 million in cash and available credit. CEO Eric Blashford emphasized the company's shift towards non-wind energy markets and anticipated growth in domestic onshore wind activity by 2025-2026.
Broadwind, a precision manufacturer, will release its first quarter 2024 results on May 14, 2024, followed by a conference call to discuss financial results and recent events. The webcast will be available on the company's Investor Relations website.
FAQ
What is the current stock price of Broadwind (BWEN)?
What is the market cap of Broadwind (BWEN)?
What does Broadwind Inc. specialize in?
What industries does Broadwind serve?
What are Broadwind's main business segments?
How does Broadwind contribute to renewable energy?
What differentiates Broadwind from its competitors?
What capabilities does Broadwind offer?
Is Broadwind involved in sustainable practices?
What is Broadwind's market position in the energy sector?
