Benzinga | Aug 5, 2020 08:19AM EDT

Recap: Broadwind Q2 Earnings

Shares of Broadwind (NASDAQ:BWEN) moved higher by 1.5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 150.00% over the past year to $0.03, which beat the estimate of $0.02.

Revenue of $54,926,000 rose by 33.42% year over year, which beat the estimate of $48,370,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Broadwind hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 05, 2020

Time: 11:00 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=140517

Recent Stock Performance

52-week high: $5.78

52-week low: $1.12

Price action over last quarter: Up 182.14%

Company Description

Broadwind Inc, formerly Broadwind Energy Inc provides technologically value products to energy, mining, and infrastructure sector customers in the United States of America. It operates through three operating segments namely Heavy Fabrications segment manufactures towers for wind turbines, specifically the large and heavier wind towers that are designed for multiple megawatt wind turbines; Gearing segment engineers, builds and remanufactures precision gears and gearing systems for oil and gas, wind energy, mining, steel and other industrial applications; Industrial Solutions segment which provides contract manufacturing services throughout the U.S. and in foreign countries, primarily supporting the natural gas turbine power generation market.