Explore how Broadwind Inc navigates market dynamics with improved profitability and strategic diversifications in Q1 2024.
Broadwind Energy (BWEN) delivered earnings and revenue surprises of 200% and 10.21%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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