BWEN - Broadwind GAAP EPS of $0.07 revenue of $50.84M; raises FY23 revenue guidance

2023-08-14 07:09:05 ET

• Broadwind press release ( NASDAQ: BWEN ): Q2 GAAP EPS of $0.07.
• Revenue of $50.84M (+1.7% Y/Y).
• Non-GAAP Adjusted EBITDA of $5.4 million, +$5.0 million y/y.
• Ratio of net debt to trailing twelve-month Non-GAAP Adjusted EBITDA of 2.0x as of June 30, 2023.
• Total backlog of $262.2 million, +$169.0 million y/y, as of June 30, 2023.

• FY23 guidance:

  • Maintaining total revenue guidance in a range of between $205 million and $220 million vs. consensus of $213.06M.
  • Increasing Adjusted EBITDA guidance to a range of between $17 million and $19 million.

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