Broadwind Inc (OQ:BWEN)
Business Focus: Wind Systems & Equipment
| Sector: Energy | Industry: Renewable Energy Equipment & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3240 S Central Ave CICERO IL 60804-3939 |
| Tel: | N/A |
| Website: | https://www.bwen.com |
| IR: | See website |
| Key People | ||
| Eric B. Blashford President, Chief Executive Officer, Director | Thomas A. Ciccone Chief Financial Officer, Vice President | Wayne W. Hanna President of Brad Foote Gear Works, Inc. |
| Gilbert M. Mayo President of Broadwind Industrial Solutions, LLC | Daniel E. Schueller President of Broadwind Heavy Fabrications, Inc. | Hayes M. Kennedy Chief Human Resource Officer, Vice President |
| Business Overview |
| Broadwind Inc. is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. The Company operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides large, complex and precision fabrications to customers in a broad range of industrial markets. The Gearing segment provides gearing and gearboxes to a set of customers in diverse markets, including onshore and offshore oil and gas, fracking and drilling, surface and underground mining, wind energy, steel, material handling, infrastructure, marine and other industrial markets. It also provides gearbox repair services. Industrial Solutions provides supply chain solutions, light fabrication, inventory management, kitting, and assembly services, primarily serving the combined cycle natural gas turbine market. It also provides packaging solutions and fabricates panels and sub-assemblies. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Broadwind Inc revenues increased 15% to $203.5M. Net income totaled $7.6M vs. loss of $9.7M. Revenues reflect Heavy Fabrications segment increase of 14% to $133.4M, Industrial Solutions segment increase of 45% to $24.7M, Gearing segment increase of 7% to $45.4M. Net Income reflects Heavy Fabrications segment income totaling $15M vs. loss of $1M. |
| Employees: | 444 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $63.18M as of Dec 31, 2023 |
| Annual revenue (TTM): | $203.48M as of Dec 31, 2023 |
| EBITDA (TTM): | $16.31M as of Dec 31, 2023 |
| Net annual income (TTM): | $7.65M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$13.35M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $16.58M as of Dec 31, 2023 |
| Shares outstanding: | 21,673,669 as of Mar 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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