Broadwind, Inc. Provides Earnings Guidance for the Third Quarter and Sales Guidance for the Second Half of 2021
August 06, 2021 at 07:00 am EDT
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Broadwind, Inc. provided earnings guidance for the third quarter and second half of 2021. The company expects third quarter 2021 revenue to be in a range of $38.0 million to $42.0 million.
Given this pause in wind energy projects, the company expects second half tower production to be approximately 50% of optimal capacity, resulting in an approximate 25% decline in second half 2021 consolidated sales when compared to the second half of 2020.
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. 
