Broadwind Reports Double Beat, Strong Orders
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Broadwind Inc. (NASDAQ: BWEN) reported a first-quarter loss of 2 cents per share, beating estimates of a 10 cent-loss, with revenue of $34.05 million, surpassing the $32.71 million estimate but down 7.5% year-over-year. The Gearing segment saw a 42% revenue increase, while Industrial Solutions grew by 64%. Total orders rose 23% to $37.4 million. CEO Eric Blashford highlighted strong growth in core segments despite challenges in Heavy Fabrication. Broadwind shares are currently trading 2.04% lower at $4.32.
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