Associated tags: CICERO, Wind, Inflation, Hand, Mining, Cardboard, Rare-earth element, Appendix, Video game, Yoy, Renewable energy, GAAP, EBITDA, Steel, Pharmaceutical industry, IRA, Sale, Bank
Locations: CICERO, IL, US
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Wind The Company reported net income of $1.1 million, or $0.05 per diluted share in the fourth quarter 2023, compared to a net loss ($2.9) million, or ($0.14) per basic share, in the fourth quarter 2022.
Key Points:
- The Company reported net income of $1.1 million, or $0.05 per diluted share in the fourth quarter 2023, compared to a net loss ($2.9) million, or ($0.14) per basic share, in the fourth quarter 2022.
- The Company reported adjusted EBITDA, a non-GAAP measure, of $4.4 million in the fourth quarter 2023, compared to $0.2 million in the prior-year period.
- Fourth quarter results reflect the positive impact of increased tower utilization and benefits derived from advanced manufacturing production credits associated with the Inflation Reduction Act (“IRA”).
- The segment reported non-GAAP adjusted EBITDA of $1.3 million in the fourth quarter 2023, versus $0.8 million in the fourth quarter 2022.
Retrieved on:
Tuesday, February 20, 2024
A conference call will be held that same day at 12:00 p.m.
Key Points:
- 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 accompanying presentation materials will be available in the Investor Relations section of the Company’s corporate website at https://investors.bwen.com/investors .
- To participate in the live teleconference:
To listen to a replay of the teleconference, which will be available through March 12, 2024:
Retrieved on:
Wednesday, December 27, 2023
Transfer,
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Credit transfer,
Tax credit,
MarketAxess,
Agreement,
Sale,
IRA,
Wind,
Inflation,
IRC CICERO, Ill., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it has entered into a definitive Tax Credit Transfer Agreement (the “Agreement) with MarketAxess Holdings Inc. (the “Purchaser”) to sell earned Advanced Manufacturing Production Credits (“Tax Credits”), as outlined within the Inflation Reduction Act (IRA).
Key Points:
- CICERO, Ill., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it has entered into a definitive Tax Credit Transfer Agreement (the “Agreement) with MarketAxess Holdings Inc. (the “Purchaser”) to sell earned Advanced Manufacturing Production Credits (“Tax Credits”), as outlined within the Inflation Reduction Act (IRA).
- Under the terms of the Agreement, Broadwind expects to sell approximately $15 million of tax credits, less discounts, transaction fees and related expenses.
- Subject to the Agreement, the Tax Credits will be assigned to the Purchaser pursuant to IRC Section 6418.
- Under the terms of the Agreement, Broadwind has also agreed, on a quarterly basis, to sell to the Purchaser Section 45X Tax Credits generated in 2024.
Retrieved on:
Monday, November 13, 2023
Sale,
EBITDA,
Investment,
IRA,
Steel,
Mining,
Wind,
Automation,
Inflation,
GAAP,
Hand,
Growth,
Yoy,
System,
Appendix,
Rare-earth element,
Cardboard,
Bank,
Pharmaceutical industry,
Video game,
Renewable energy,
Risk management,
CICERO 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.
Key Points:
- 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.
Retrieved on:
Tuesday, November 7, 2023
CICERO, Ill., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, has rescheduled its third quarter 2023 results conference call and webcast to Monday, November 13, 2023, at 12:00 p.m.
Key Points:
- CICERO, Ill., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, has rescheduled its third quarter 2023 results conference call and webcast to Monday, November 13, 2023, at 12:00 p.m.
- Broadwind intends to issue its third quarter 2023 results that same day before the open of the U.S. equity markets.
- A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company’s corporate website at https://investors.bwen.com/investors .
- To participate in the live teleconference:
To listen to a replay of the teleconference, which will be available through November 20, 2023:
Retrieved on:
Wednesday, October 25, 2023
CICERO, Ill., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue third quarter 2023 results before the market opens on Wednesday, November 8, 2023.
Key Points:
- CICERO, Ill., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue third quarter 2023 results before the market opens on Wednesday, November 8, 2023.
- A conference call will be held that same day at 10:00 A.M.
- A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company’s corporate website at https://investors.bwen.com/investors .
- To participate in the live teleconference:
To listen to a replay of the teleconference, which will be available through November 15, 2023:
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Appendix,
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Hand,
Rare-earth element,
Cardboard,
Bank,
Pharmaceutical industry,
Renewable energy,
Video game,
CICERO CICERO, Ill., Aug. 14, 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 second quarter 2023.
Key Points:
- CICERO, Ill., Aug. 14, 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 second quarter 2023.
- The Company reported GAAP net income of $1.4 million, or $0.07 per diluted share, in the second quarter 2023, compared to a net loss of ($2.7) million, or ($0.13) per basic share, in the second quarter 2022.
- As of June 30, 2023, Broadwind had total cash on hand and availability under its credit facility of $15.2 million, as compared to $10.2 million at the end of the second quarter 2022.
- Non-GAAP adjusted EBITDA increased meaningfully on a year-over-year basis across each reporting segment during the second quarter of 2023.
