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Broadwind Inc (BWEN) specializes in precision manufacturing for clean technology and heavy industrial applications, serving energy, mining, and infrastructure sectors. This page aggregates official company announcements, financial updates, and strategic developments for stakeholders seeking timely information.
Access comprehensive coverage of BWEN's operational milestones including earnings reports, product launches, and strategic partnerships. Our curated news collection simplifies tracking manufacturing innovations, facility expansions, and market positioning within the precision engineering sector.
Key updates include developments in heavy fabrications, gearing solutions, and industrial technologies. Stay informed about BWEN's advancements in sustainable manufacturing practices and specialized component production through verified press releases.
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Broadwind (NASDAQ: BWEN) announced its first-quarter 2022 results, showcasing a total revenue of $41.8 million, a 28% increase year-over-year. The Heavy Fabrications segment saw revenues rise by 20% to $27.3 million, while the Gearing segment surged 98% to $10.6 million. Despite these gains, the company reported a net loss of ($2.4 million) or ($0.12) per share. Total orders increased 54% to $52.7 million, and backlog rose 24% to $117.1 million. Management anticipates an improvement in financial performance despite ongoing supply chain challenges.
Broadwind (NASDAQ: BWEN) will release its first quarter 2022 financial results on May 6, 2022, before the market opens. A conference call is scheduled for the same day at 11:00 A.M. ET to discuss the results and recent developments. Interested parties can access a live webcast and presentation materials via the company's Investor Relations website. The call will allow for a question-and-answer session, and a replay will be available until May 13, 2022. Broadwind specializes in precision manufacturing for clean tech applications and aims to maximize investment performance for its customers.
Broadwind (NASDAQ: BWEN) reported its 2021 financial results, showing total revenue of $145.6 million, a 27% decrease year-over-year. The fourth quarter results highlighted a 35% decline in revenue to $26.0 million and a net loss of $4.1 million. Despite challenges in the wind tower market, total orders increased 55% to $55.8 million, with a backlog of $106.4 million. The Gearing segment showed recovery with a 70% revenue increase. The company anticipates continued demand in non-wind markets but expects soft wind market conditions in early 2022.
Broadwind (NASDAQ: BWEN) announced $13 million in new tower orders from a leading global wind turbine manufacturer, marking nearly 50% of its full-year 2022 optimal annual production capacity. The company has received a total of $29 million in orders over the past month, primarily to be fulfilled at its Abilene plant in Q3 2022. CEO Eric Blashford noted expectations for stabilization in wind tower demand and improvement in activity levels over the next 24 months. Further updates will be provided during the fourth-quarter earnings call on March 2, 2022.
Broadwind (NASDAQ: BWEN) is set to announce its fourth quarter and full-year 2021 results on March 2, 2022, before market opening. A conference call is scheduled for 11:00 A.M. ET that same day to discuss financial results and recent developments. Investors can access a webcast of the call via the Investor Relations section of Broadwind’s website.
Forward-looking statements regarding future growth, financial conditions, and market influences are included in the press release, highlighting potential impacts from the COVID-19 pandemic.
Broadwind (NASDAQ: BWEN) announced $16 million in new tower orders from a leading wind turbine manufacturer, securing over 40% of its optimal annual tower production for 2022. The company anticipates additional bookings as OEM customers prepare for increased demand. CEO Eric Blashford noted rising interest for production capacity in H2 2022 and moderating raw material costs, which may boost project development. Broadwind views a potential extension of the production tax credit as a key growth catalyst.
Broadwind (NASDAQ: BWEN) has announced a third amendment to its Section 382 Rights Agreement to protect its tax assets related to net operating loss carryforwards (NOLs). This amendment extends the Rights Plan to February 22, 2025, helping Broadwind potentially offset $260 million in future taxable income. CEO Eric Blashford highlighted the importance of the Rights Plan for shareholder interests. The amendment will be subject to shareholder ratification at the 2022 Annual Meeting. Further details will be provided in a Form 8-K filing with the SEC.
Broadwind (NASDAQ: BWEN) reported its third-quarter 2021 results, showing a 26% decline in total revenue to $40.4 million year-over-year. The net loss widened to ($2.1 million), or ($0.11) per share, compared to ($1.0 million) in Q3 2020. Adjusted EBITDA was $0.4 million, down from $1.3 million the previous year. A notable 37% drop in wind tower sections sold contributed to these results, as developers postponed investments. Despite challenges, the company's strategy continues to focus on growth in non-wind markets and energy transition opportunities, with total orders increasing 8% year-over-year.
Broadwind (NASDAQ: BWEN) will release its third quarter 2021 results before market opening on November 10, 2021. A conference call is scheduled for the same day at 11:00 A.M. ET to discuss the financial results and recent company developments. Investors can access the live webcast and presentation materials on the Company’s Investor Relations website. The call will also be available for replay until November 17, 2021. Important forward-looking statements concerning future growth and challenges posed by the COVID-19 pandemic are included.
Broadwind (NASDAQ: BWEN) has announced new tower orders exceeding $12 million from various wind turbine customers, representing about 25% of its optimal 2022 production capacity. The company anticipates further orders in the coming months, suggesting a potential acceleration in demand due to customer diversification and improved order activity. CEO Eric Blashford projects a 50% sequential growth in orders for Q3 2021 compared to Q2 2021. Updates are expected in the third quarter conference call scheduled for early November.
