Broadwind Q3 revenue $57.2M (+27% YoY), net income $4.4M vs prior-year loss, backlog $220.8M

BROADWIND, INC.

2023-Q3 EPS reported $0.31 revenue$156,879,000

Revenue $57.2M (+27% YoY); GAAP net income $4.4M ($0.20 diluted EPS) vs net loss of $1.8M in Q3 2022.
Non-GAAP adjusted EBITDA $7.6M (+$5.7M YoY); Adjusted EBITDA margin 13.3% vs 4.2% a year ago.
Total backlog $220.8M (+$88.6M); Heavy Fabrications segment sales up 25% to $38.3M.
Reiterates FY2023 guidance: revenue $205-220M, Adj. EBITDA $17-19M.
Supply agreement with wind turbine maker: half of 2024 tower orders shifted to 2025, total volume unchanged.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BROADWIND, INC. reported the quarter ended September 30, 2023 results: revenue $57.2 million, net income $4.4 million, or $0.20 per diluted share, EPS $0.20 per diluted share. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $57.2 million
Net income: $4.4 million, or $0.20 per diluted share
EPS: $0.20 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and solutions serving global markets, today announced results for the third quarter 2023. THIRD QUARTER 2023 RESULTS (As compared to the third quarter 2022) Revenue of $57.2 million, +$12.3 million y/y GAAP Net Income of $4.4 million, or $0.20 per diluted share, +$6.2 million y/y Non-GAAP Adjusted EBITDA of $7.6 million, +$5.7 million y/y Ratio of net debt

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Source: SEC EDGAR

accession 0001171843-23-007000

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