Broadwind raises FY 2023 guidance after strong Q1 prelim results

BROADWIND, INC.

2023-Q1 EPS reported $0.04 revenue$48,873,000

Preliminary Q1 revenue $48M-$49M; non-GAAP Adj. EBITDA $3M-$4M.
Full-year 2023 revenue guidance raised to $205M-$220M (prev. $200M-$220M).
Full-year 2023 Adj. EBITDA guidance raised to $16M-$18M (prev. $14M-$16M).
CEO cites strong execution in wind and diverse markets for raised outlook.
Q1 full results and conference call scheduled for May 11, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BROADWIND, INC. reported first quarter ended March 31, 2023 results: revenue between $48 million and $49 million.

Period: first quarter ended March 31, 2023
Revenue: between $48 million and $49 million
Result: preliminary results

Exact text from the filing

Total revenue in a range of between $48 million and $49 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BROADWIND, INC. reported full-year 2023 results: revenue Revenue $200 $220 $205 $220. Guidance raised.

Period: full-year 2023
Revenue: Revenue $200 $220 $205 $220
Guidance: raised
Result: guidance update

Exact text from the filing

The following financial guidance for the full-year 2023 reflects the Company’s current expectations and beliefs. All guidance is current as of the time provided and is subject to change. $ in Millions Previous Full-Year 2023 Guidance New Full-Year 2023 Guidance Low High Low High Revenue $200 $220 $205 $220 Non-GAAP Adjusted EBITDA $14 $16 $16 $18

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BROADWIND, INC. filing history →

Source: SEC EDGAR

accession 0001171843-23-002441

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