earnings
confidence high
sentiment negative
materiality 0.60
Broadwind Q1 revenue up 28% to $41.8M but net loss widens to $2.4M; Q2 EBITDA guidance $0.4M-$0.6M
BROADWIND, INC.
2022-Q1 EPS reported
$0.08
revenue$154,735,000
- Q1 revenue $41.8M (+28% YoY); net loss $2.4M ($0.12/sh) vs loss $1.2M ($0.07/sh) prior year.
- Adjusted EBITDA was $0.0M vs $1.2M prior year; excluding ERC tax credit, adj EBITDA increased $2.1M.
- Total orders $52.7M (+54% YoY); backlog $117.1M (+24%); Heavy Fabrications orders +64%, Gearing +42%.
- Q2 2022 non-GAAP adjusted EBITDA guidance range $0.4M-$0.6M.
- Gross margin improved 390 bps to 4.8%; nearly 50% of optimal 2022 tower capacity booked.