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Stock impact report

Broadwind Announces Fourth Quarter and Full-Year 2023 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., March 05, 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 fourth quarter and full-year 2023. FOURTH QUARTER 2023 RESULTS(As compared to the fourth quarter 2022) Total revenue of $46.6 million, +16.3% y/yTotal gross profit of $7.0 million, +$4.5 million y/yNet income of $1.1 million, or $0.05 per diluted shareTotal non-GAAP adjusted EBITDA of $4.4 million, +$4.3 million y/yTotal tower sections sold +37.5% y/y to 132 sectionsRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 0.8x as of December 31, 2023 FULL-YEAR 2023 RESULTS(As compared to the full-year 2022) Total revenue of $203.5 million, +15.1% y/yTotal gross profit of $32.5 million, +203.5% y/yNet income of $7.6 million, or $0.36 per diluted shareTotal non-GAAP adjusted EBITDA of $21.5 million, +$19.0 million y/y For the three months ended Show less Read more
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