Broadwind provides Q2 preliminary revenue slightly above consensus

  • Broadwind (NASDAQ:BWEN) sees Q2 revenue $46.5M vs. a consensus of $46.31M; expects adjusted EBITDA of $12.7 to $13.0M, subject to quarter-end closing adjustments.
  • Q2 adjusted EBITDA includes a $9.2 million benefit related to loan forgiveness under the PPP, along with $3.6 million of benefits related to the ERC.
  • The Company says that Q2 results were negatively impacted by project delays in the timing of scheduled wind tower deliveries, which are currently planned for delivery during 2H21.
  • The Company will issue Q2'21 results before the market opens on August 6, 2021.
  • Press Release

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