earnings
confidence high
sentiment negative
materiality 0.75
Broadwind Q3 revenue down 26% to $40.4M; sees Q4 adjusted EBITDA loss of $1.0-$1.5M
BROADWIND, INC.
2021-Q3 EPS reported
$0.36
revenue$119,608,000
- Net loss of $2.1M ($0.11/sh) vs net loss $1.0M a year ago; adjusted EBITDA $0.4M vs $1.3M.
- Wind tower sections sold down 37% YoY; developers paused due to PTC extension uncertainty and steel inflation.
- Gearing segment orders up 258% YoY; non-wind orders grew $13.9M to $24.5M.
- Q4 2021 adjusted EBITDA loss guidance of ($1.0)-($1.5)M.
- Backlog declined 21% to $76.5M; cash and availability $21.1M.