{"id":750075,"date":"2023-04-21T14:53:59","date_gmt":"2023-04-21T18:53:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/"},"modified":"2023-04-21T14:53:59","modified_gmt":"2023-04-21T18:53:59","slug":"wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/","title":{"rendered":"WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">MILWAUKEE, April  21, 2023  (GLOBE NEWSWIRE) &#8212; WM Argyle Fund, LLC (\u201cWM Argyle\u201d or the \u201cFund\u201d), one of the largest investors in Broadwind, Inc. (NASDAQ: BWEN) (\u201cBroadwind\u201d or the \u201cCompany\u201d), today\u00a0responded to\u00a0Broadwind\u2019s\u00a0pre-announcement of first quarter 2023 results and full-year revenue and adjusted EBITDA guidance.<\/p>\n<p>Throughout its history, Broadwind has made a habit of producing revenue that never turns into profits.\u00a0 We believe Broadwind\u00a0is\u00a0repeating\u00a0this pattern\u00a0again. It\u00a0announced\u00a0a marginal increase in its guidance for full-year revenue and adjusted EBITDA but said nothing about net income. <u>Revenue without profit is meaningless<\/u>. \u00a0If the Company is truly confident in its ability to execute and deliver value for shareholders, it should issue guidance for 2023 net income, as well.\u00a0<\/p>\n<p>Broadwind\u2019s announcement reinforces our conviction that the execution risk under the current Board is simply too great. Shareholders should demand change and vote the <strong>GREEN<\/strong> proxy card to support WM Argyle\u2019s director nominees.\u00a0<\/p>\n<p>\n        <strong>About WM Argyle Fund<\/strong>\n      <\/p>\n<p>WM Argyle Fund, LLC, which owns 207,200 of the outstanding common shares of Broadwind, Inc., is an investment fund specifically created to invest in Broadwind. We believe the Company has been underperforming due to strategic errors, operational inefficiencies, and inattentive governance. We are looking to ensure the long-term performance of the Company by reconstituting the Broadwind Board with new members.<\/p>\n<p>\n        <strong>Important Information<\/strong>\n      <\/p>\n<p>WM Argyle Fund, LLC, Jay Douglas Armburger, Ryan Bogenschneider, Christine M. Candela and James M. Robinson IV (collectively, the \u201cParticipants\u201d) have filed with the Securities and Exchange Commission (the \u201cSEC\u201d) a definitive proxy statement and accompanying form of <strong>GREEN<\/strong> universal proxy card to be used in connection with the solicitation of proxies from the stockholders of Broadwind, Inc. (the \u201cCompany\u201d). Information about the Participants and a description of their direct or indirect interests by security holdings is contained in the definitive proxy statement filed by the Participants with the SEC. All stockholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies by the Participants when they become available, as they will contain important information, including additional information related to the Participants. The definitive proxy statement and an accompanying <strong>GREEN<\/strong> universal proxy card will be furnished to some or all of the Company\u2019s stockholders and are, along with other relevant documents, available at no charge on the SEC website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=p2dBshNGNMSHqjkvvQOg3bvQ4aF2vwMcnDm4sbiTeaY8m3DJJ6Pb5w5ZduLkNdhOIewlRF-JLGz-FBM-Nr6Q_Q==\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/www.sec.gov\/<\/a>.<\/p>\n<p>\n        <strong>Contacts:<\/strong>\n      <\/p>\n<p>\n        <strong>Investors<\/strong><br \/>\n        <br \/>InvestorCom LLC<br \/>John Glenn Grau, 203-972-9300<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6g2nmiycdNPLBK_nOMxFfhP6A5PTg3j4c7qZI8Oi1uwPesvCFqvCBOvf79pu-m40BP5A7fX9ToI2budT8soU1hqFkxxjmR2lyL621ImseYk=\" rel=\"nofollow noopener\" target=\"_blank\">info@investor-com.com<\/a><\/p>\n<p>\n        <strong>Media<\/strong><br \/>\n        <br \/>Mahony Partners<br \/>Richard Mahony, 917-257-6811<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QqQ1ez1OtB4t8vRm8hGHqxL_r3AtB6sf-JHCuVKeCouFZH5r6mymU0nC50KdF65dmwiEoV27hFlUs0JEuTIft6HSFBoTEnCjAZcGMExs1zY=\" rel=\"nofollow noopener\" target=\"_blank\">info@mahonypartners.com<\/a><\/p>\n<p align=\"center\">\n        <em>If you have any questions, require assistance with voting your proxy card,<\/em><br \/>\n        <br \/>\n        <em>or need additional copies of proxy material, please contact InvestorCom LLC<\/em>\n      <\/p>\n<p align=\"center\">\n        <strong><br \/>\n          <em>InvestorCom LLC<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"center\">\n        <em>19 Old Kings Highway S., Suite 130<br \/>Darien, CT 06820<\/em>\n      <\/p>\n<p align=\"center\">\n        <em><br \/>\n          <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9vZuo5uY2ulf-l23I5-d6v2HKY8JXlI8VY5_cZakN--jb-KCWY4PWBWegCSU-BfuQaFmHW3oOBNV75SQhTJzQtbtdGZr-qV-GjPib1IV5nk=\" rel=\"nofollow noopener\" target=\"_blank\">proxy@investor-com.com<\/a><br \/>\n        <\/em>\n      <\/p>\n<p align=\"center\">\n        <em><br \/>\n          <u>(203) 972-9300 or Toll-Free (877) 972-0090<\/u><br \/>\n        <\/em>\n      <\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMzE0MyM1NTQwNzIzIzIyNTcwODM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/M2QwZjdhZGUtYTJkYS00OGQ1LWFiNTQtMzk5NmFmNjk0ZjMxLTEyNjg2MzI=\/tiny\/WM-ARGYLE-FUND.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MILWAUKEE, April 21, 2023 (GLOBE NEWSWIRE) &#8212; WM Argyle Fund, LLC (\u201cWM Argyle\u201d or the \u201cFund\u201d), one of the largest investors in Broadwind, Inc. (NASDAQ: BWEN) (\u201cBroadwind\u201d or the \u201cCompany\u201d), today\u00a0responded to\u00a0Broadwind\u2019s\u00a0pre-announcement of first quarter 2023 results and full-year revenue and adjusted EBITDA guidance. Throughout its history, Broadwind has made a habit of producing revenue that never turns into profits.\u00a0 We believe Broadwind\u00a0is\u00a0repeating\u00a0this pattern\u00a0again. It\u00a0announced\u00a0a marginal increase in its guidance for full-year revenue and adjusted EBITDA but said nothing about net income. Revenue without profit is meaningless. \u00a0If the Company is truly confident in its ability to execute and deliver value for shareholders, it should issue guidance for 2023 net income, as well.\u00a0 Broadwind\u2019s announcement reinforces our conviction that the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750075","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MILWAUKEE, April 21, 2023 (GLOBE NEWSWIRE) &#8212; WM Argyle Fund, LLC (\u201cWM Argyle\u201d or the \u201cFund\u201d), one of the largest investors in Broadwind, Inc. (NASDAQ: BWEN) (\u201cBroadwind\u201d or the \u201cCompany\u201d), today\u00a0responded to\u00a0Broadwind\u2019s\u00a0pre-announcement of first quarter 2023 results and full-year revenue and adjusted EBITDA guidance. Throughout its history, Broadwind has made a habit of producing revenue that never turns into profits.\u00a0 We believe Broadwind\u00a0is\u00a0repeating\u00a0this pattern\u00a0again. It\u00a0announced\u00a0a marginal increase in its guidance for full-year revenue and adjusted EBITDA but said nothing about net income. Revenue without profit is meaningless. \u00a0If the Company is truly confident in its ability to execute and deliver value for shareholders, it should issue guidance for 2023 net income, as well.\u00a0 Broadwind\u2019s announcement reinforces our conviction that the &hellip; Continue reading &quot;WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-21T18:53:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMzE0MyM1NTQwNzIzIzIyNTcwODM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too\",\"datePublished\":\"2023-04-21T18:53:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\\\/\"},\"wordCount\":462,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgxMzE0MyM1NTQwNzIzIzIyNTcwODM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\\\/\",\"name\":\"WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too - 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(NASDAQ: BWEN) (\u201cBroadwind\u201d or the \u201cCompany\u201d), today\u00a0responded to\u00a0Broadwind\u2019s\u00a0pre-announcement of first quarter 2023 results and full-year revenue and adjusted EBITDA guidance. Throughout its history, Broadwind has made a habit of producing revenue that never turns into profits.\u00a0 We believe Broadwind\u00a0is\u00a0repeating\u00a0this pattern\u00a0again. It\u00a0announced\u00a0a marginal increase in its guidance for full-year revenue and adjusted EBITDA but said nothing about net income. Revenue without profit is meaningless. \u00a0If the Company is truly confident in its ability to execute and deliver value for shareholders, it should issue guidance for 2023 net income, as well.\u00a0 Broadwind\u2019s announcement reinforces our conviction that the &hellip; Continue reading \"WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-21T18:53:59+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMzE0MyM1NTQwNzIzIzIyNTcwODM=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too","datePublished":"2023-04-21T18:53:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/"},"wordCount":462,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMzE0MyM1NTQwNzIzIzIyNTcwODM=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/wm-argyle-asks-broadwind-to-disclose-profitability-guidance-too\/","name":"WM Argyle Asks Broadwind to Disclose Profitability Guidance, Too - 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