---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003176"
form_type: "8-K"
ticker: "BWEN"
cik: "0001120370"
company_name: "BROADWIND, INC."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:33:12.161737+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Broadwind Q1 rev $48.9M (+17% YoY); net income $0.8M vs loss; raises FY23 EBITDA guidance to $16-18M

## Summary
- GAAP net income of $0.8M ($0.04/diluted) vs net loss of ($2.4M) in Q1 2022.
- Non-GAAP adjusted EBITDA of $4.1M, up $4.1M YoY; total backlog $287.8M (+$170.7M YoY).
- Full-year 2023 guidance raised: revenue $205-220M, adjusted EBITDA $16-18M (prior $14-16M).
- Heavy Fabrications revenue +16%, Gearing +13%, Industrial Solutions +33% vs prior year.
- Cash & liquidity $12.3M (down from $40.1M Q4 2022) due to working capital investment for tower demand.

## SEC filing metadata
- accession: 0001171843-23-003176
- form_type: 8-K
- ticker: BWEN
- cik: 0001120370
- company_name: BROADWIND, INC.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120370/000117184323003176/0001171843-23-003176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120370/000117184323003176/f8k_051123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003176
- JSON: https://secwatch.observer/filing/0001171843-23-003176.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003176.txt

## Key facts
- Earnings Releases
  BROADWIND, INC. reported the quarter ended March 31, 2023 results: revenue $48.9 million, net income $0.8 million, EPS $0.04 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $48.9 million
  - Net income: $0.8 million
  - EPS: $0.04 per diluted share
  - Result: reported results
  source text: Broadwind reported total revenue of $48.9 million, an increase of 17% when compared to the prior-year period. The Company reported GAAP net income of $0.8 million, or $0.04 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120370/000117184323003176/0001171843-23-003176-index.htm
- Earnings Releases
  BROADWIND, INC. reported full-year 2023 results: revenue $205 million to $220 million.
  - Period: full-year 2023
  - Revenue: $205 million to $220 million
  - Result: guidance update
  source text: Broadwind provided updated full-year 2023 financial guidance on April 20, 2023 Total revenue of between $205 million to $220 million Anticipate positive GAAP net income for the full-year 2023 Total non-GAAP adjusted EBITDA of between $16 million to $18 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120370/000117184323003176/0001171843-23-003176-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.