US fabricator Broadwind Energy made a loss of over $2m in the first half of 2019, but this was an improvement on the previous year when the deficit was almost $11m.
Revenue was up to almost $83m from just under $67m in 2018, while orders in its towers and heavy fabrications unit jumped to close to $109m from less than $20m in the previous year.
The towers business made a small operating profit of $96,000 in the first six months of the year compared with a loss of over $1.5m in 2018.
Broadwind’s gearing business also made an operating profit of $2.3m, having made a loss of almost $1.3m in 2018.
Broadwind chief executive Stephanie Kushner said: “Gearing continues to deliver strong operating results, demonstrating management’s significant strides in improving operational performance and customer diversification.
“We are pleased to see the order recovery in towers, which is beginning to provide good visibility into 2020 production.
“We continue to prioritise diversification of our customer base, and booked a sizeable tower order from a new wind turbine OEM during the quarter.
“We are growing our fabrication product line at a healthy rate, which offers additional diversification to our product and customer mix.”