Broadwind, Inc. Provides Earnings Guidance for the Fourth Quarter of 2020 and First Half of 2021
January 22, 2021 at 07:00 am EST
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Broadwind, Inc. provided earnings guidance for the fourth quarter of 2020 and first half of 2021. For the fourth quarter 2020, the company currently expects to report total revenue of approximately $40.0 million, subject to year-end closing procedures.
For the first six months of 2021, the Company anticipates total revenue in the range of $85.0 million to $90.0 million.
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. 
