Broadwind Energy, Inc. Provides Earnings Guidance for the Fourth Quarter Ended December 31, 2014
January 08, 2015 at 06:56 am
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Broadwind Energy, Inc. provided earnings guidance for the fourth quarter ended December 31, 2014. Based on preliminary financial results, the company now expects consolidated fourth-quarter revenue to be $53 million - $54 million. Tower earnings for the quarter are expected to be approximately $3 million lower as a result.
Broadwind Inc. is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. The Company operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides large, complex and precision fabrications to customers in a broad range of industrial markets. The Gearing segment provides gearing and gearboxes to a set of customers in diverse markets, including onshore and offshore oil and gas, fracking and drilling, surface and underground mining, wind energy, steel, material handling, infrastructure, marine and other industrial markets. It also provides gearbox repair services. Industrial Solutions provides supply chain solutions, light fabrication, inventory management, kitting, and assembly services, primarily serving the combined cycle natural gas turbine market. It also provides packaging solutions and fabricates panels and sub-assemblies.
BROADWIND, INC. 
