earnings
confidence high
sentiment negative
materiality 0.65
Broadwind Q3 revenue $35.5M, net income $0.1M; guides Q4 revenue $31-33M
BROADWIND, INC.
2024-Q3 EPS reported
$0.09
revenue$109,571,000
- Q3 revenue $35.5M, net income $0.1M ($0.00 diluted EPS) vs $4.4M ($0.20) a year ago.
- Adjusted EBITDA $3.4M (9.5% of revenue) down from $7.6M in prior year period.
- Wind tower sections sold fell 54% YoY; total orders increased 45% YoY; backlog $124.3M.
- Q4 2024 guidance: revenue $31-33M, adjusted EBITDA $1.0-1.5M.
- Heavy Fabrications sales down 46.3% to $20.6M; Gearing down 19.6% to $9.2M; Industrial Solutions down 22.8% to $5.7M.