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July 31, 2014
07:58 EDTBWENBroadwind Energy reports Q2 EPS 12c, consensus 10c
Reports Q2 revenue $68.4M, one estimate $63.03M. The company booked $23.6M in net new orders in Q2, down slightly from $24.9M the 2Q13. Towers and Weldments orders, which vary considerably from quarter to quarter, totaled $0.9M and consisted of industrial weldment orders. Gearing orders totaled $18.3M, up from $4.8M in 2Q13, and represented the highest quarterly order rate in over four years. Services orders totaled $4.4M, up from $2.6M in 2Q13, and represented the highest quarterly order rate since 4Q12. At June 30, total backlog was $222.4M, up 56% from June 30, 2013.
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