Broadwind Q2 revenue down 15% to $46.5M; net income includes $12.7M CARES benefits; Q3 revenue guidance $38-42M

BROADWIND, INC.

2021-Q2 EPS reported $0.48 revenue$79,219,000

Total revenue $46.5M, down 15% YoY; net income $10.3M ($0.53 diluted) including $9.2M PPP forgiveness and $3.6M ERC benefits.
Non-GAAP adjusted EBITDA $12.8M vs $2.9M prior-year; Q3 2021 revenue guidance $38-42M, adjusted EBITDA $0.5-1.0M.
Orders $26.4M (-33% YoY); backlog $74.3M (-34% YoY); H2 tower production at ~50% optimal capacity, expecting ~25% sales decline.
Director Terence P. Fox resigned effective Aug 3, 2021, no disagreement; Philip J. Christman new chair of Governance/Nominating Committee.

item 2.02 item 5.02 item 7.01 item 9.01

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Departed

Terence P. Fox

Director

BWEN · BROADWIND, INC.

Effective: 2021-08-03
Filed: August 6, 2021, 7:59 PM ET

On August 3, 2021, Terence P. Fox delivered notice of his resignation from the Board of Directors (the “Board”) of the Company, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Terence P. Fox resigned as Director at BROADWIND, INC..

Action: resigned
Role: Director

Exact text from the filing

On August 3, 2021, Terence P. Fox delivered notice of his resignation from the Board of Directors (the “Board”) of the Company, effective immediately.

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BROADWIND, INC. filing history →

Source: SEC EDGAR

accession 0001171843-21-005614

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