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Broadwind Q3 2023 Earnings Report

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$1.47 +0.02 (+1.38%)
As of 04:00 PM Eastern

Broadwind EPS Results

Actual EPS
$0.20
Consensus EPS
$0.11
Beat/Miss
Beat by +$0.09
One Year Ago EPS
-$0.09

Broadwind Revenue Results

Actual Revenue
$57.16 million
Expected Revenue
$58.64 million
Beat/Miss
Missed by -$1.48 million
YoY Revenue Growth
N/A

Broadwind Announcement Details

Quarter
Q3 2023
Time
Before Market Opens

Conference Call Resources

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Broadwind Earnings Headlines

Broadwind price target lowered to $6 from $8 at H.C. Wainwright
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Broadwind price target raised to $3 from $2.50 at Craig-Hallum
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About Broadwind

Broadwind (NASDAQ:BWEN) manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets. It offers steel towers and adapters primarily to wind turbine manufacturers. Its Gearing segment provides gearing, gearboxes, and precision machined components to a range of customers in diverse markets, including surface and underground mining, wind energy, steel, material handling, infrastructure, onshore and offshore oil and gas fracking and drilling, marine, and other industrial markets. This segment also offers heat treat services for aftermarket and original equipment manufacturer applications. The Industrial Solutions segment provides supply chain solutions for offering instrumentation and controls, valve assemblies, sensor devices, fuel system components, electrical junction boxes and wiring, energy storage services, and electromechanical devices; light fabrication, inventory management, and kitting and assembly services; packaging solutions; and supply chain solutions, light fabrication, inventory management, and kitting and assembly services for combined cycle natural gas turbine market. It sells its products to the energy, mining, and infrastructure sectors through its direct sales force and independent sales agents. The company was formerly known as Broadwind Energy, Inc. and changed its name to Broadwind, Inc. in May 2020. Broadwind, Inc. is headquartered in Cicero, Illinois.

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