---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002822"
form_type: "8-K"
ticker: "BWEN"
cik: "0001120370"
company_name: "BROADWIND, INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:16:56.214852+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Broadwind Q1 net income rises to $1.5M despite 23% revenue drop; Q2 guidance in line

## Summary
- Q1 revenue $37.6M, down >23% YoY; net income $1.5M ($0.07 diluted EPS) vs $0.8M ($0.04) prior year.
- Adjusted EBITDA $4.2M (11.1% margin) vs $4.1M; gross margin up 330 bps YoY.
- Segment: Heavy Fab sales -30.3% to $22.0M; Gearing -30.3% to $8.3M; Industrial Solutions +47.4% to $8.0M.
- Q1 orders up 43.5% sequentially; backlog $159.9M; net leverage 0.6x; liquidity $22.4M.
- Q2 2024 guidance: revenue $37-39M, adjusted EBITDA $2.5-3.5M; cost actions target >$4M annualized savings.

## SEC filing metadata
- accession: 0001171843-24-002822
- form_type: 8-K
- ticker: BWEN
- cik: 0001120370
- company_name: BROADWIND, INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120370/000117184324002822/0001171843-24-002822-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120370/000117184324002822/f8k_051324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002822
- JSON: https://secwatch.observer/filing/0001171843-24-002822.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002822.txt

## Key facts
- Earnings Releases
  BROADWIND, INC. reported the quarter ended March 31, 2024 results: revenue $37.6 million, net income $1.5 million, EPS $0.07 per diluted share. Guidance initiated.
  - Period: the quarter ended March 31, 2024
  - Revenue: $37.6 million
  - Net income: $1.5 million
  - EPS: $0.07 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Broadwind Announces First Quarter 2024 Results CICERO, Ill., May 14, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2024. FIRST QUARTER 2024 RESULTS Total revenue of $37.6 million Net income of $1.5 million, or $0.07 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120370/000117184324002822/0001171843-24-002822-index.htm

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