secwatch.observer — SEC 8-K summary
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Issuer:     BROADWIND, INC. (BWEN)
CIK:        0001120370
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001171843-23-003176
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120370/000117184323003176/0001171843-23-003176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120370/000117184323003176/f8k_051123.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-003176

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer