secwatch.observer — SEC 8-K summary
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Issuer:     BROADWIND, INC. (BWEN)
CIK:        0001120370
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001171843-22-005495
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadwind reports Q2 net loss of $2.7M; non-wind orders up 60%
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- Revenue $50.0M (+8% y/y); net loss ($2.7M) or ($0.13) per basic share vs net income $10.3M a year ago.
- Adjusted EBITDA fell to $0.4M from $12.8M; prior year included $9.2M PPP loan forgiveness and $3.6M ERC credit.
- Gearing segment revenue up 37% to $10.1M; Industrial Solutions up 43% to $5.0M; Heavy Fabrications down 1% to $35.6M.
- Non-wind orders $24M, +60% y/y; total backlog $93.2M, +25% y/y; cash and excess availability $10.2M.
- Q3 2022 adjusted EBITDA guidance $1.2M–$1.7M; expects modest recovery in tower orders in H2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120370/000117184322005495/0001171843-22-005495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120370/000117184322005495/f8k_080822.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005495

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