OverviewSuggest Edit

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.

TypePublic
Founded2007
HQCicero, US
Websitebwen.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Dec 2018)425(-29%)
Job Openings24
Revenue (FY, 2018)$125.4 M(-14%)
Share Price (Mar 2019)$1.7

Key People/Management at Broadwind Energy

Stephanie Kushner

Stephanie Kushner

President and CEO
Eric Blashford

Eric Blashford

President
Daniel Schueller

Daniel Schueller

President
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Broadwind Energy Office Locations

Broadwind Energy has offices in Cicero, Sanford, Abilene, Manitowoc and in 1 other location
Cicero, US (HQ)
3240 S Central Ave
Abilene, US
300 Wall St
Abilene, US
1126 Arnold Blvd
Manitowoc, US
101 S 16th St
Pittsburgh, US
5100 Neville Rd
Sanford, US
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 $125.38 m in FY, 2018
USD

Revenue (FY, 2018)

125.4m

Gross profit (FY, 2018)

3.7m

Gross profit margin (FY, 2018), %

2.9%

Net income (FY, 2018)

(24.1m)

EBIT (FY, 2018)

(25.1m)

Market capitalization (22-Mar-2019)

26.2m

Closing stock price (22-Mar-2019)

1.7

Cash (31-Dec-2018)

1.2m
Broadwind Energy's current market capitalization is $26.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

215.7m241.3m199.2m180.8m146.8m125.4m

Revenue growth, %

12%(17%)(9%)

Cost of goods sold

198.4m222.5m191.3m162.7m138.6m121.7m

Gross profit

17.3m18.8m7.9m18.1m8.2m3.7m
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

2.6m4.6m5.7m5.4m9.2m4.0m739.0k7.2m2.8m4.0m4.1m5.3m6.4m3.9m1.0m(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, 2016FY, 2018

Cash

24.9m12.1m6.4m18.7m1.2m

Accounts Receivable

18.7m20.0m9.8m11.9m17.5m

Inventories

37.1m1.8m24.2m21.2m22.7m

Current Assets

86.3m77.7m52.6m58.2m43.1m
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
USDY, 2018

Revenue/Employee

295.0k

Financial Leverage

2.3 x
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Broadwind Energy Online and Social Media Presence

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Broadwind Energy News and Updates

Broadwind Energy Announces Expansion of Credit Facility and $8M of new Tower orders

CICERO, Ill., Feb. 25, 2019 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN) today announced an increase in its credit line with CIBC Bank, USA to $35 million, and the extension of the term for 3 years. Under the terms of the new credit agreement, Broadwind will have the ability to borrow…

Broadwind Energy to Announce Q4 and Full-Year 2018 Results on February 26

CICERO, Ill., Feb. 15, 2019 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ: BWEN) will announce fourth quarter and full-year 2018 results on Tuesday, February 26, 2019 before markets open. Management will hold a conference call to discuss results with investors at 10 a.m. Central time. For rea…

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 …
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Broadwind Energy Frequently Asked Questions

  • When was Broadwind Energy founded?

    Broadwind Energy was founded in 2007.

  • Who are Broadwind Energy key executives?

    Broadwind Energy's key executives are Stephanie Kushner, Eric Blashford and Daniel Schueller.

  • How many employees does Broadwind Energy have?

    Broadwind Energy has 425 employees.

  • What is Broadwind Energy revenue?

    Latest Broadwind Energy annual revenue is $125.4 m.

  • What is Broadwind Energy revenue per employee?

    Latest Broadwind Energy revenue per employee is $295 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.