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Broadwind Energy (BWEN)
NASDAQ:BWEN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.07Last Year’s EPS
$0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 9.47%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed quarter for Broadwind, with strong order growth and operational efficiencies being overshadowed by significant revenue declines in key segments and the impact of a slowdown in the oil and gas sector. While strategic moves into non-wind markets show promise, current profitability remains challenged.Company Guidance
During the Broadwind Q3 2024 earnings call, the company provided guidance for the upcoming fourth quarter, projecting revenue to be between $31 million and $33 million and adjusted EBITDA to range from $1 million to $1.5 million. The call highlighted a robust performance in the third quarter, with an EBITDA of $3.4 million and a net income of $0.1 million, despite a 54% year-over-year decline in wind tower sections sold. The company reported a 45% increase in orders, totaling $23 million, with significant growth in the Gearing segment (46% year-over-year) and Industrial Solutions segment (52% year-over-year). Broadwind's continuous investments in technology and process improvements, including a new portable milling system, have enhanced operational efficiency, reducing the setup time by approximately 25% and quote turnaround time by 75%. The company also achieved $4 million in annualized cost savings, positioning it for improved operating leverage as demand conditions are expected to improve in 2025.Increased Orders and Demand
Broadwind recorded $23 million in orders in Q3, a 45% increase from the year-ago period, with significant rises in orders across all segments. Gearing orders increased 46% year-over-year, and Industrial Solutions segment orders were up 52% year-over-year.
Operational Efficiency and Cost Reductions
Investments in innovative technology and cost reduction actions are expected to contribute more than $4 million in annualized savings. Portable milling systems and laser scanning equipment have improved efficiency and reduced process times significantly.
Positive Cash Flow and Strong Financial Position
Broadwind ended Q3 with total cash and availability on the credit facility of $19 million, with a positive cash flow of $4.8 million for the quarter.
Expansion into Non-Wind Markets
Significant expansion into higher-margin adjacent markets with increased quoting activities, especially in Heavy Fabrications and Industrial Solutions, with quoting up more than triple year-over-year.
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BWEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BWEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $1.69 | $1.63 | -3.55% |
| Aug 13, 2024 | $2.45 | $2.30 | -6.12% |
| May 14, 2024 | $2.19 | $2.44 | +11.42% |
| Mar 05, 2024 | $2.42 | $2.26 | -6.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Broadwind Energy (BWEN) report earnings?
Broadwind Energy (BWEN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Broadwind Energy (BWEN) earnings time?
Broadwind Energy (BWEN) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BWEN EPS forecast?
BWEN EPS forecast for the fiscal quarter 2024 (Q4) is -$0.07.
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