Broadwind Energy is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. The Company operates through two segments: Towers and Weldments, and Gearing. The Company's Towers and Weldments segment manufactures towers for wind turbines, specifically the large and heavier wind towers that are designed for multiple megawatt wind turbines. The Company's Gearing segment engineers, builds and remanufactures precision gears and gearing systems for oil and gas, wind energy, mining, steel and other industrial applications.

Employee Rating

2.9More
TypePublic
HQCicero, US
Founded2007
Size (employees)600 (est)
Websitebwen.com
Broadwind Energy was founded in 2007 and is headquartered in Cicero, US
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Broadwind Energy Office Locations

Broadwind Energy has offices in Cicero, Sanford, Abilene, Manitowoc and in 1 other location
Cicero, (HQ)
3240 S Central Ave
Abilene,
300 Wall St
Abilene,
1126 Arnold Blvd
Manitowoc,
101 S 16th St
Pittsburgh,
5100 Neville Rd
Sanford,
1824 Boone Trail Rd
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Broadwind Energy Financials and Metrics

Broadwind Energy Revenue

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Broadwind Energy's revenue was reported to be $146.79 m in FY, 2017
USD

Revenue (Q3, 2018)

31.4m

Gross profit (Q3, 2018)

1.6m

Gross profit margin (Q3, 2018), %

5.2%

Net income (Q3, 2018)

(783.0k)

EBIT (Q3, 2018)

(2.6m)

Market capitalization (4-Dec-2018)

27.5m

Closing stock price (4-Dec-2018)

1.8

Cash (30-Sep-2017)

41.0k
Broadwind Energy's current market capitalization is $27.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

215.7m241.3m199.2m180.8m146.8m

Revenue growth, %

12%(17%)(9%)

Cost of goods sold

198.4m222.5m191.3m162.7m138.6m

Gross profit

17.3m18.8m7.9m18.1m8.2m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

45.5m52.9m62.4m58.8m68.4m60.3m51.1m65.2m49.8m46.8m43.4m42.6m56.1m43.4m29.6m30.0m36.8m31.4m

Cost of goods sold

42.9m48.3m56.8m53.4m59.2m56.3m50.3m58.0m47.0m42.8m39.2m37.2m49.7m39.5m28.6m30.0m34.4m29.8m

Gross profit

2.6m4.6m5.7m5.4m9.2m4.0m739.0k7.2m2.8m4.0mwdxefcqufszuzezftuxetqsqxt4.1m5.3m6.4m3.9m1.0m(17.0k)2.3m1.6m

Gross profit Margin, %

6%9%9%9%13%7%1%11%6%8%10%13%11%9%3%0%6%5%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

24.9m12.1m6.4m18.7m

Accounts Receivable

18.7m20.0m9.8m11.9m

Inventories

37.1m1.8m24.2m21.2m

Current Assets

86.3m77.7m52.6m58.2m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

537.0k17.3m22.8m9.6m10.8m17.0m150.0k509.0k4.7m9.7m7.5m8.1m216.0k182.0k41.0k

Inventories

30.0m35.6m32.6m39.1m36.3m32.8m45.9m43.2m34.1m18.9m21.0m26.2m25.8m21.3m15.4m

Current Assets

69.5m80.0m83.3m77.7m76.7m88.4m70.2m67.7m64.4m51.0m52.0m68.9m52.4m45.1m27.2m

PP&E

78.3m73.0m72.8m67.8m66.3m64.3m61.4m58.7m53.6m51.5m51.3m51.8m56.0m57.4m56.5m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(10.5m)(6.2m)(21.8m)319.0k

Depreciation and Amortization

14.9m9.2m6.9m

Inventories

(15.2m)1.8m6.9m3.1m

Accounts Payable

11.7m18.5m(3.6m)989.0k
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

(4.8m)(4.4m)(7.7m)(1.0m)817.0k(997.0k)(5.0m)(3.4m)(7.6m)(377.0k)(474.0k)21.0k6.3m5.5m(4.8m)(11.0m)

Depreciation and Amortization

4.0m8.0m11.4m3.1m6.3m9.6m5.1m2.4m1.7m5.1m2.1m4.3m2.4m4.7m

Inventories

(8.1m)(13.6m)(10.6m)(2.0m)849.0k4.3m(8.2m)(5.3m)5.3m(2.0m)382.0k4.6m(2.6m)(1.0m)

Accounts Payable

7.9m11.2m12.3m(2.7m)(6.3m)(2.0m)22.2m(654.0k)(655.0k)1.8m15.7m7.1m2.9m(2.6m)3.0m4.8m
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Broadwind Energy Online and Social Media Presence

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Broadwind Energy News and Updates

Broadwind Energy Appoints Philip J. Christman to Board of Directors

CICERO, Ill., Oct. 24, 2018 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN) announced that Philip J. Christman, 55, has been appointed to the Company’s Board of Directors, effective October 22, 2018.

Broadwind Energy to Announce Third Quarter Results on October 30, 2018

CICERO, Ill., Oct. 17, 2018 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN) will announce third quarter 2018 results on Tuesday October 30, 2018. Management will hold a conference call to discuss results with investors at 10 a.m. Central time. For real-time internet access to the confere…

Broadwind Energy Announces Sale of Idle Gearing Facility

CICERO, Ill., Sept. 12, 2018 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN) today announced the sale of an idle gearing manufacturing facility located in Cicero, IL to Cicero Storage Properties, LLC. Proceeds from the sale, net of closing costs, totaled approximately $0.5M, and will be …

Broadwind Energy Lowers Short Term Outlook

CICERO, Ill., Sept. 05, 2018 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN) today announced that its short-term outlook for tower deliveries has declined, resulting in lower second half revenues and earnings. The reduction reflects slower tower production rates triggered in part by dela…
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Broadwind Energy Company Life and Culture

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Broadwind Energy Frequently Asked Questions

  • When was Broadwind Energy founded?

    Broadwind Energy was founded in 2007.

  • How many employees does Broadwind Energy have?

    Broadwind Energy has 600 employees.

  • What is Broadwind Energy revenue?

    Latest Broadwind Energy annual revenue is $146.8 m.

  • What is Broadwind Energy revenue per employee?

    Latest Broadwind Energy revenue per employee is $244.6 k.

  • Who are Broadwind Energy competitors?

    Competitors of Broadwind Energy include Matrix Service, American Railcar Industries and Forward Industrial Products Group.

  • Where is Broadwind Energy headquarters?

    Broadwind Energy headquarters is located at 3240 S Central Ave, Cicero.

  • Where are Broadwind Energy offices?

    Broadwind Energy has offices in Cicero, Sanford, Abilene, Manitowoc and in 1 other location.

  • How many offices does Broadwind Energy have?

    Broadwind Energy has 6 offices.