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Stock impact report

Broadwind Announces First Quarter 2024 Results

Broadwind, Inc. (BWEN) 
Last broadwind, inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.bwen.com/investors/default.aspx
Company Research Source: GlobeNewswire
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 millionNet income of $1.5 million, or $0.07 per diluted shareTotal non-GAAP adjusted EBITDA of $4.2 million, or 11.1% of total revenueRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 0.6x as of March 31, 2024 Broadwind reported first quarter net income of $1.5 million, or $0.07 per diluted share, versus $0.8 million, or $0.04 per diluted share, in the year-ago period. The Company reported adjusted EBITDA, a non-GAAP measure, of $4.2 million in the first quarter compared to $4.1 million in the prior-year period. For a reconciliation of GAAP to non-GAAP metrics, please see the appendix of this release. First quarter results benefited from a higher value sales mix, sustai Show less Read more
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