secwatch.observer — SEC 8-K summary
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Issuer:     BROADWIND, INC. (BWEN)
CIK:        0001120370
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001171843-24-001184
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadwind reports Q4 revenue $46.6M (+16% y/y), net income $1.1M; FY 2023 record adjusted EBITDA $21.5M
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- Q4 2023 revenue $46.6M (+16.3% y/y); net income $1.1M ($0.05 diluted EPS) vs net loss $2.9M in Q4 2022.
- FY 2023 revenue $203.5M (+15.1% y/y); net income $7.6M ($0.36 diluted EPS); record adjusted EBITDA $21.5M (+$19.0M y/y).
- Heavy Fabrications tower sections sold +37.5% y/y to 132; segment adjusted EBITDA $3.7M vs $0.3M in prior year.
- Q1 2024 guidance: revenue $34-38M, adjusted EBITDA $1-2M, reflecting lower wind tower demand expected to be H2-weighted.
- Net leverage 0.8x; available liquidity $22.8M as of Dec 31, 2023; discretionary capex eliminated for 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120370/000117184324001184/0001171843-24-001184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120370/000117184324001184/f8k_030424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001184

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