Broadwind Energy (BWEN) Misses Q1 EPS by 12c

Broadwind Energy (NASDAQ: BWEN) reported Q1 EPS of ($0.32), $0.12 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $30 million versus the consensus estimate of $29.19 million.

Highlights:

• Q1 2018 orders totaled $28 million – strong Gearing orders and initial tower order following 2017 inventory correction
• Q1 2018 revenue of $30 million down from $56 million in Q1 2017, but up 69% sequentially as tower production begins to ramp up
• EPS loss of $.32 due to low tower production
• Initiated restructuring plan for Abilene fabrications facility and exit of CNG business

For earnings history and earnings-related data on Broadwind Energy (BWEN) click here.

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