secwatch.observer — SEC 8-K summary
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Issuer:     BROADWIND, INC. (BWEN)
CIK:        0001120370
Form:       8-K
Filed at:   2021-08-06T23:59:59+00:00
Accession:  0001171843-21-005614
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120370/000117184321005614/0001171843-21-005614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120370/000117184321005614/f8k_080621.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-005614

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