Broadwind Inc Stock Price, News & Analysis

Broadwind (BWEN) has secured its largest-ever order for precision machined gearing products in the power generation market. The company's Q1 2025 bookings from a leading natural gas turbine OEM have surpassed $2.0 million.

To capitalize on growing demand for electrical infrastructure components, Broadwind has enhanced its capabilities beyond traditional gearing through investments in advanced machining and expanded certifications, including ITAR, CMMC, and AS9100 for defense and aerospace applications.

CEO Eric Blashford highlighted that this significant order validates their strategic investments and positions the company for growth in the power generation market, representing a multi-year opportunity across all business units.

Broadwind (BWEN) reported mixed results for Q4 and full-year 2024. Q4 showed a net loss of ($0.9) million or ($0.04) per share, compared to net income of $1.1 million in Q4 2023. Q4 revenue was $33.6 million with adjusted EBITDA of $2.1 million.

Full-year 2024 delivered total revenue of $143.1 million with net income of $1.2 million ($0.05 per share) and adjusted EBITDA of $13.3 million. Q4 performance was impacted by lower demand across segments, with wind-related revenue down 27%. However, total orders increased 85% in Q4, with Industrial Solutions reaching record levels.

The company maintained strong financial health with $33 million in cash and availability, and a net debt to adjusted EBITDA ratio of 0.6x. Backlog grew to $125.5 million as of December 31, 2024, supported by increased customer demand across segments.

Broadwind (BWEN), a diversified precision manufacturer of specialized components serving global markets, has scheduled its fourth quarter and full-year 2024 financial results announcement for Wednesday, March 5, 2025, before market opening.

The company will host a conference call and webcast at 11:00 a.m. ET on the same day to discuss the results and recent events, followed by a question-and-answer session. Investors can access the webcast and presentation materials through the company's Investor Relations website at investors.bwen.com/investors. The teleconference replay will be available through Wednesday, March 12, 2025.

Participants are advised to register at least 15 minutes before the scheduled start time to ensure proper setup of necessary audio software.

Broadwind (BWEN) reported Q3 2024 results with total revenue of $35.5 million and net income of $0.1 million. The company achieved adjusted EBITDA of $3.4 million, representing 9.5% of total revenue. Revenue declined across all segments due to lower sales volumes, with wind tower sections down 54% year-over-year. Despite market challenges, total orders increased 45% in Q3, supporting a backlog of $124.3 million. The company reduced fixed overhead by $3.6M through operating expenditure reductions while maintaining profitability. Broadwind provided Q4 2024 guidance with expected revenue between $31-33 million and adjusted EBITDA of $1.0-1.5 million.

Broadwind (BWEN), a diversified precision manufacturer of specialized components, has scheduled its third quarter 2024 earnings release and conference call. The company will release results before market opens on November 13, 2024, followed by a conference call at 11:00 a.m. ET. The call will include a Q&A session and presentation materials will be available on the company's investor relations website. A replay of the teleconference will be accessible through November 20, 2024.

Broadwind (BWEN) reported Q2 2024 results with total revenue of $36.5 million and net income of $0.5 million, or $0.02 per diluted share. The company achieved non-GAAP adjusted EBITDA of $3.6 million, representing 10.0% of total revenue. Despite a 28% year-over-year revenue decline, Broadwind maintained operational efficiency, resulting in a modest decrease in adjusted EBITDA margin.

Key highlights include:

• Net debt to trailing twelve-month non-GAAP adjusted EBITDA ratio of 1.1x
• Total backlog of $139.1 million as of June 30, 2024
• Book-to-bill ratio of 0.5x for Q2 2024
• Available cash and credit facility of $18.4 million

The company expects improved order activity going into 2025, with a focus on operational efficiency and expansion into energy transition market adjacencies.

Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions, has announced the date for its second quarter 2024 results conference call and webcast. The company will release its Q2 2024 results before the market opens on Tuesday, August 13, 2024. A conference call will be held at 11:00 a.m. ET on the same day to discuss the financial results, recent events, and conduct a Q&A session.

Investors can access the webcast and presentation materials through the Investor Relations section of Broadwind's corporate website. To participate in the live teleconference, interested parties can call 877-407-9716. A replay of the teleconference will be available until Tuesday, August 20, 2024, accessible via 844-512-2921 with the Conference ID: 13747800.

Broadwind (Nasdaq: BWEN) reported its Q1 2024 results, highlighting a total revenue of $37.6 million and a net income of $1.5 million, or $0.07 per diluted share. The non-GAAP adjusted EBITDA was $4.2 million, representing 11.1% of total revenue. Despite a 23% year-over-year revenue decline, profitability improved due to a higher value sales mix and cost reductions. Orders grew 43.5% sequentially but declined compared to the prior year. The backlog stood at $159.9 million with a book-to-bill ratio of 0.8x. The company had $22.4 million in cash and available credit. CEO Eric Blashford emphasized the company's shift towards non-wind energy markets and anticipated growth in domestic onshore wind activity by 2025-2026.

Broadwind, a precision manufacturer, will release its first quarter 2024 results on May 14, 2024, followed by a conference call to discuss financial results and recent events. The webcast will be available on the company's Investor Relations website.