secwatch.observer — SEC 8-K summary
======================================

Issuer:     BROADWIND, INC. (BWEN)
CIK:        0001120370
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001171843-23-005285
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120370/000117184323005285/0001171843-23-005285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120370/000117184323005285/f8k_081223.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-005285

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