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. Total revenue of $46.6 million, +16.3% y/y Total gross profit of $7.0 million, +$4.5 million y/y Net income of $1.1 million, or $0.05 per diluted share Total non-GAAP adjusted EBITDA of $4.4 million, +$4.3 million y/y Total tower sections sold +37.5% ...

CICERO, Ill., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue fourth quarter and full-year 2023 results before the market opens on Tuesday, March 5, 2024. A conference call will be held that same day at 12:00 p.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and acc ...

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Broadwind, Inc. (NASDAQ:BWEN) Q3 2023 Results Conference Call November 13, 2023 12:00 PM ET Company Participants Eric Blashford - CEO Tom Ciccone - VP, CFO Conference Call Participants Amit Dayal - H.C. Wainwright Martin Malloy - Johnson Rice Eric Stine - Craig-Hallum Justin Clare - ROTH MKM Operator Greetings, and welcome to Broadwind's Third Quarter 2023 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your ...

Commission file number 001-34278 (708) 780-4800 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Emerging growth company ☐ Non-accelerated filer ☒ S ...

Broadwind, Inc. (NASDAQ:BWEN) Q2 2023 Earnings Conference Call August 14, 2023 11:00 AM ET Company Participants Tom Ciccone - CFO Eric Blashford - President and CEO Conference Call Participants Eric Stine - Craig-Hallum Amit Dayal - H.C. Wainwright Justin Clare - ROTH MKM Operator Greetings, and welcome to Broadwind's Second Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instruc ...

Announced a $175 million wind tower order to be fulfilled in 2023 and 2024 Annual tower production @ 100% utilization(1) 325 towers Average benefit per tower(5) $93,000 Quantifying potential impact of the 45x advanced manufacturing credit (1) Broadwind has an estimated 1,300 sections of annual optimal tower capacity; assuming each tower is four sections, the Company has the theoretical capacity to produce up to 325 towers (2) Common OEM platforms range from 2.8 to 3.4 MW per tower Inflation Reduction Act of ...

The components of inventories as of June 30, 2023 and December 31, 2022 are summarized as follows: NOTE 6 — INTANGIBLE ASSETS As of June 30, 2023, estimated future amortization expense was as follows: | --- | --- | --- | --- | --- | --- | |-------------------------------------------------|-------|-------|-----------------------------|-------|-----------------------------| | Accrued payroll and benefits | | $ | June 30, 2023 \n4,011 | $ | December 31, 2022 \n3,110 | | Accrued property taxes | | | 419 | | 17 ...

Broadwind, Inc. (NASDAQ:BWEN) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET Company Participants Thomas Ciccone - VP & CFO Eric Blashford - CEO, President & Director Conference Call Participants Eric Stine - Craig-Hallum Justin Clare - ROTH MKM Amit Dayal - H.C. Wainwright & Co. Operator Greetings, and welcome to Broadwind's First Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Ope ...

Table of Contents The Company is required to provide disclosure and categorize assets and liabilities measured at fair value into one of three different levels depending on the assumptions (i.e., inputs) used in the valuation. Level 1 provides the most reliable measure of fair value while Level 3 generally requires significant management judgment. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. Financial instrume ...