Broadwind Announces Third Quarter 2023 Results
CICERO, Ill., Nov. 13, 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 third quarter 2023.
- CICERO, Ill., Nov. 13, 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 third quarter 2023.
- During the third quarter, Broadwind generated significant year-over-year revenue growth across each of its reporting segments, as well as an overall increase in consolidated profitability.
- During the third quarter 2023, total non-wind revenue increased 16% on a year-over-year basis to $27 million.
- The segment reported non-GAAP adjusted EBITDA of $1.0 million in the third quarter 2023, as compared to ($0.05) million in the prior-year period.