October 30, 2014

Broadwind announces Q3 2014 results

  • Booked $66M in new orders; backlog rises to $228 million
  • Operating loss of $1.8 million fell short of plan due to operational challenges in tower plant
  • Gearing and Services operating losses halved compared to Q3 2013
  • Cash assets rose to $27.9 million in Q3 2014, an increase of $16.4 million from Q2 2014 – cash assets in excess of debt rise to $23.7 million
  • Board authorizes share repurchase program for up to $10 million of common stock over the next six months