---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-005285"
form_type: "8-K"
ticker: "BWEN"
cik: "0001120370"
company_name: "BROADWIND, INC."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T10:01:45.672107+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Broadwind posts Q2 net income $1.4M, raises FY 2023 Adj. EBITDA guidance to $17-19M

## Summary
- Revenue $50.8M (+2% YoY); GAAP net income $1.4M ($0.07/diluted) vs loss of $2.7M a year ago.
- Non-GAAP Adjusted EBITDA $5.4M (+$5.0M YoY); margin improved 9.8ppts to 10.5%.
- Total backlog $262.2M (+$169M YoY); net leverage 2.0x as of June 30, 2023.
- FY 2023 revenue guidance maintained $205-220M; Adj. EBITDA guidance raised to $17-19M (from $16-18M).
- Non-wind revenue up 12% YoY to $25.9M; IRA tax credits contributed to margin expansion.

## SEC filing metadata
- accession: 0001171843-23-005285
- form_type: 8-K
- ticker: BWEN
- cik: 0001120370
- company_name: BROADWIND, INC.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120370/000117184323005285/0001171843-23-005285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120370/000117184323005285/f8k_081223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-005285
- JSON: https://secwatch.observer/filing/0001171843-23-005285.json
- Plain text: https://secwatch.observer/filing/0001171843-23-005285.txt

## Key facts
- Earnings Releases
  BROADWIND, INC. reported second quarter 2023 results: revenue $50.8 million, net income $1.4 million, or $0.07 per diluted share, EPS $0.07 per diluted share. Guidance reaffirmed.
  - Period: second quarter 2023
  - Revenue: $50.8 million
  - Net income: $1.4 million, or $0.07 per diluted share
  - EPS: $0.07 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: and solutions serving global markets, today announced results for the second quarter 2023. SECOND QUARTER 2023 RESULTS (As compared to the second quarter 2022) Revenue of $50.8 million, +0.8 million y/y Gross Profit of $8.3 million, +$5.9 million y/y GAAP Net Income of $1.4 million, +4.1 million y/y Non-GAAP Adjusted EBITDA of $5.4 million, +$5.0 million y/y
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120370/000117184323005285/0001171843-23-005285-index.htm

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