EXHIBIT 99.1 Broadwind Announces Second Quarter 2024 Results CICERO, Ill., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the "Company"), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2024. SECOND QUARTER 2024 RESULTS Total revenue of $36.5 million Net income of $0.5 million, or $0.02 per diluted share Total non-GAAP adjusted EBITDA of $3.6 million, or 10.0% of total revenue Ratio of net debt ...

CICERO, Ill., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the "Company"), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2024. SECOND QUARTER 2024 RESULTS Total revenue of $36.5 million Net income of $0.5 million, or $0.02 per diluted share Total non-GAAP adjusted EBITDA of $3.6 million, or 10.0% of total revenue Ratio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 1.1x as ...

Broadwind, Inc. (BWEN) is expected to release second-quarter 2024 results on Aug 13, after market close. The company's earnings beat estimates in each of the trailing four quarters, delivering an average earnings surprise of 95.5%. In the last reported quarter, its earnings of 7 cents per share surpassed the Zacks Consensus Estimate of a loss of 7 cents per share by 200%. Let's see how things have shaped up for Broadwind this earnings season. Factors Likely to Influence Results The Industrial Solutions segm ...

Company Performance - Broadwind Energy, Inc. (BWEN) ended the latest trading session at $2.64, reflecting a +0.38% adjustment from the previous day's close, but lagged behind the S&P 500's daily gain of 2.3% [1] - Over the past month, shares of Broadwind Energy have decreased by 18.07%, underperforming the Industrial Products sector's loss of 0.97% and the S&P 500's loss of 6.5% [1] Upcoming Earnings - The company's earnings report is scheduled for August 13, 2024, with an expected EPS of $0, indicating a 100% decline from the same quarter last year [2] - Revenue is forecasted at $37.13 million, representing a 26.98% decrease compared to the same quarter last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $0.09 per share and revenue of $151.41 million, reflecting declines of -75% and -25.59% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Broadwind Energy indicate a shifting business landscape, with upward revisions suggesting analysts' optimism regarding the company's operations and profit generation [4] Zacks Rank - Broadwind Energy currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [6] - The Zacks Rank system has a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [6] Valuation Metrics - Broadwind Energy has a Forward P/E ratio of 29.22, which is a premium compared to the industry average Forward P/E of 19.25 [7] - The Manufacturing - General Industrial industry, part of the Industrial Products sector, has a Zacks Industry Rank of 172, placing it in the bottom 33% of over 250 industries [7][8]

CICERO, Ill., July 30, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue second quarter 2024 results before the market opens on Tuesday, August 13, 2024. A conference call will be held that same day at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. To participate in the live teleconference: To listen ...

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Most Powerful Force Impacting Stock Prices Harnessing the Power of Earnings Estimate Revisions Earnings Estimate Revisions for Broadwind Energy Bottom Line The upgrade of Broadwind Energy to a Zacks Rank #2 positions it in the top 20% of the Zacks-covere ...

Shares of the company witnessed a loss of 7.49% over the previous month, trailing the performance of the Industrial Products sector with its gain of 0.33% and the S&P 500's loss of 0.26%. For the full year, the Zacks Consensus Estimates are projecting earnings of $0.09 per share and revenue of $151.41 million, which would represent changes of -75% and -25.59%, respectively, from the prior year. Our research reveals that these estimate alterations are directly linked with the stock price performance in the n ...

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Broadwind Energy, Inc. (BWEN) . Of the three recommendations that derive the current ABR, three are Strong Buy, representing 100% of all recommendations. While the ABR calls for buying Broadwind Energy, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage rec ...

The the stock of company has fallen by 19.02% in the past month, lagging the Industrial Products sector's loss of 2.29% and the S&P 500's gain of 4.44%. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.09 per share and a revenue of $151.41 million, representing changes of -75% and -25.59%, respectively, from the prior year. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on ...

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Shares of the company have depreciated by 20.59% over the course of the past month, underperforming the Industrial Products sector's lo ...