Broadwind Q2 revenue up 67% to $24.3M; loss narrows to $0.03/share

BROADWIND, INC.

Q2 revenue $24.3M +67% YoY; orders $35.2M +68%; backlog +93% for core segments.
GAAP loss from continuing ops ($0.7M) or $0.03/diluted share vs ($3.0M) loss prior year.
Adjusted EBITDA $1.6M vs ($1.1M) prior year; Industrial Solutions EBITDA margin ~19%.
Completed sale of Abilene, TX facility to IES Infrastructure for up to $19.5M, exiting wind fabrications.
Liquidity $40.1M with $6.3M debt; book-to-bill 1.5x.

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