Broadwind Q2 net income $0.5M, revenue $36.5M; guides Q3 revenue $36-38M

BROADWIND, INC.

2024-Q2 EPS reported $0.09 revenue$74,068,000

Net income $0.5M ($0.02 diluted EPS) vs $1.4M in Q2 2023; revenue down 28% YoY.
Adjusted EBITDA $3.6M (10.0% margin) vs $5.4M prior year.
Backlog $139.1M; book-to-bill ratio 0.5x; cash/liquidity $18.4M at June 30.
Q3 2024 guidance: revenue $36-38M, adjusted EBITDA $1.7-2.5M.
Heavy Fabrications sales fell 42%; Industrial Solutions rose 3.1%.

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