Broadwind Energy (BWEN) Tops Q1 EPS by 17c

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Go back to Broadwind Energy (BWEN) Tops Q1 EPS by 17c

Broadwind Announces First Quarter 2023 Results

May 11, 2023 7:00 AM EDT

CICERO, Ill., May 11, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (Nasdaq: BWEN, Broadwind or the Company), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2023.

FIRST QUARTER 2023 RESULTS (As compared to the first quarter 2022)

Total revenue of $48.9 million, +17% y/yTotal gross profit of $7.0 million, +$5.0 million y/yTotal GAAP Net Income of $0.8 million, +$3.2 million y/yTotal Non-GAAP Adjusted EBITDA of $4.1 million, +$4.1 million y/yTotal backlog of $287.8 million, +$170.7 million y/y

FULL-YEAR 2023 FINANCIAL GUIDANCE

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