Core Insights - Broadwind reported a net loss of $0.9 million, or $0.04 per share, in Q4 2024, a decline from a net income of $1.1 million, or $0.05 per share, in Q4 2023 [2][7] - Total revenue for Q4 2024 was $33.6 million, down from $46.6 million in Q4 2023, while full-year revenue for 2024 was $143.1 million compared to $203.5 million in 2023 [7][27] - The company experienced a significant increase in total orders, which rose by 85% in Q4 2024 compared to the prior year, driven by demand across various segments [4][6] Financial Performance - Adjusted EBITDA for Q4 2024 was $2.1 million, representing 6.4% of total revenue, down from $4.4 million in Q4 2023 [2][7] - For the full year 2024, adjusted EBITDA was $13.3 million, or 9.3% of total revenue, compared to $21.5 million in 2023 [7][27] - The ratio of net debt to trailing twelve-month non-GAAP adjusted EBITDA was 0.6x as of December 31, 2024, indicating a stable financial position [5][7] Segment Performance - Heavy Fabrications segment sales declined by 30.8% to $20.4 million in Q4 2024, primarily due to a 27% decrease in wind-related revenue [10] - Gearing segment sales fell by 31.0% to $7.6 million in Q4 2024, largely driven by reduced demand in the oil and gas markets [12] - Industrial Solutions segment sales decreased by 2.8% to $5.9 million in Q4 2024, attributed to lower demand for aftermarket units [14] Orders and Backlog - Total orders for Q4 2024 reached $37.5 million, up from $20.2 million in the same period last year, with record levels in the Industrial Solutions segment [4][32] - Consolidated backlog increased to $125.5 million as of December 31, 2024, reflecting strong order intake [4][6] Management Outlook - The company anticipates improved operating leverage in 2025 due to increased order intake and cost-saving measures [6][8] - Financial guidance for 2025 projects total revenue between $140 million and $160 million, with adjusted EBITDA expected to range from $13 million to $15 million [16][17]

Company Performance - Broadwind Energy, Inc. (BWEN) closed at $1.60, reflecting a -1.23% change from the previous day, underperforming compared to the S&P 500's daily loss of 0.43% [1] - Over the last month, the company's shares decreased by 9.5%, contrasting with the Industrial Products sector's loss of 1.98% and the S&P 500's gain of 2.6% [1] Upcoming Earnings - The company's earnings report is scheduled for March 5, 2025, with an expected EPS of -$0.08, representing a 260% decline from the prior-year quarter [2] - Revenue is anticipated to be $31.54 million, indicating a 32.31% drop compared to the same quarter last year [2] Analyst Estimates - Recent modifications to analyst estimates for Broadwind Energy reflect changing short-term business dynamics, with upward revisions indicating analysts' optimism about the company's operations and profit generation [3] Valuation Metrics - Broadwind Energy is currently trading at a Forward P/E ratio of 4.91, significantly lower than the industry average Forward P/E of 23.83, suggesting it is undervalued compared to its peers [6] - The Manufacturing - General Industrial industry, which includes Broadwind Energy, holds a Zacks Industry Rank of 151, placing it in the bottom 40% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a proven track record of outperforming, with stocks rated 1 yielding an average annual return of +25% since 1988 [5] - Broadwind Energy currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [5]

Core Viewpoint - Broadwind is set to announce its fourth quarter and full-year 2024 financial results on March 5, 2025, before market opening, indicating a focus on transparency and investor engagement [1]. Company Information - Broadwind (NASDAQ:BWEN) is a diversified precision manufacturer specializing in components and solutions for clean tech and other specialized applications, with facilities across the U.S. [3]. - The company aims to help customers maximize the performance of their investments in a quicker, easier, and smarter manner [3]. Conference Call Details - A conference call will take place on March 5, 2025, at 11:00 a.m. ET to review financial results and discuss recent events [1]. - Investors can access a live webcast of the conference call and related materials on the company's Investor Relations website [2]. - For participation, a live teleconference number is provided, along with details for accessing a replay of the call available until March 12, 2025 [2].

Company Performance - Broadwind Energy, Inc. closed at $1.73, reflecting a -0.57% change from the previous day, underperforming the S&P 500 which had a loss of 0.01% [1] - The stock has decreased by 8.9% over the past month, contrasting with the Industrial Products sector's gain of 1.3% and the S&P 500's gain of 4.88% [1] Upcoming Earnings Report - The upcoming EPS for Broadwind Energy is projected at -$0.08, indicating a 260% decline compared to the same quarter last year [2] - Revenue is estimated to be $31.54 million, down 32.31% from the prior-year quarter [2] Analyst Estimates and Valuation - Recent changes to analyst estimates for Broadwind Energy indicate a dynamic business trend, with positive revisions suggesting analyst optimism about the company's profitability [3] - The Zacks Rank system, which includes estimate changes, currently ranks Broadwind Energy at 2 (Buy) [5] - Broadwind Energy has a Forward P/E ratio of 5.27, significantly lower than the industry's average Forward P/E of 22.84 [6] Industry Context - The Manufacturing - General Industrial industry, to which Broadwind Energy belongs, has a Zacks Industry Rank of 175, placing it in the bottom 31% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Wall Street analysts' recommendations, particularly for Broadwind Energy, are heavily relied upon by investors, but their effectiveness in guiding investment decisions is questionable [1][4]. Group 1: Brokerage Recommendations - Broadwind Energy has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, based on four recommendations from brokerage firms, all of which are Strong Buy [2]. - The ABR is calculated solely from brokerage recommendations, which may not accurately reflect the stock's potential for price appreciation due to analysts' inherent biases [4][5]. Group 2: Zacks Rank vs. ABR - The Zacks Rank, which is based on earnings estimate revisions, is a more reliable indicator of a stock's near-term price performance compared to the ABR [7][10]. - Unlike the ABR, which may not be up-to-date, the Zacks Rank reflects timely changes in earnings estimates, providing a more accurate prediction of future stock prices [11]. Group 3: Current Earnings Estimates - The Zacks Consensus Estimate for Broadwind Energy remains unchanged at $0.02 for the current year, suggesting stable analyst views on the company's earnings prospects [12]. - Due to the unchanged consensus estimate and other factors, Broadwind Energy holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [13].

Group 1 - Broadwind Energy, Inc. (BWEN) closed at $1.81, showing no change from the previous trading day, while the S&P 500 experienced a 1.46% loss [1] - The stock has decreased by 5.73% over the past month, underperforming the Industrial Products sector's gain of 5.12% and the S&P 500's gain of 1.08% [1] - The upcoming earnings report is projected to show earnings of -$0.08 per share, a year-over-year decline of 260%, with anticipated revenue of $31.54 million, reflecting a 32.31% decrease from the same quarter last year [2] Group 2 - Recent adjustments to analyst estimates for Broadwind Energy, Inc. are important as they indicate changing business trends, with positive revisions suggesting analyst optimism [3] - The Zacks Rank system, which assesses estimate changes, currently ranks Broadwind Energy, Inc. at 2 (Buy), with the consensus EPS estimate remaining unchanged over the past month [5] - Broadwind Energy, Inc. has a Forward P/E ratio of 5.48, significantly lower than the industry average of 24.26, indicating it is trading at a discount [6] Group 3 - The Manufacturing - General Industrial industry, part of the Industrial Products sector, has a Zacks Industry Rank of 168, placing it in the bottom 34% of over 250 industries [6] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Broadwind Energy, Inc. (BWEN) .Broadwind Energy currently has an ...

Broadwind, Inc. (NASDAQ:BWEN) Q3 2024 Earnings Conference Call November 13, 2024 11:00 AM ET Company Participants Thomas Ciccone - VP and CFO Eric Blashford - President and CEO Conference Call Participants Eric Stine - Craig-Hallum Capital Group LLC Amit Dayal - H.C. Wainwright Operator Greetings, and welcome to Broadwind's Third Quarter 2024 Conference -- 2024 Results Conference Call. All this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation ...

| --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | SAFE HARBOR STATEMENT This document contains "forward looking statements"—that is, statements related to future, not past, events—as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities, as well as assumptions made by, and information cu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34278 BROADWIND, INC. (Exact name of registrant as specified in its charter) Delaware 88-0409160 (State or other juri ...