8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 31, 2013

BROADWIND ENERGY, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	0-31313	88-0409160
(State or Other Jurisdiction of	(Commission File Number)	(IRS Employer Identification No.)
Incorporation)

3240 South Central Avenue, Cicero, Illinois 60804

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code: (708) 780-4800

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.  Results of Operations and Financial Condition.

On October 31, 2013, Broadwind Energy, Inc. (the “Company”) issued a press release announcing its financial results as of and for the quarter ended September 30, 2013.  The press release is incorporated herein by reference and is attached hereto as Exhibit 99.1.

The information contained in, or incorporated into, this Item 2.02 of this Current Report on Form 8-K (this “Report”), including Exhibit 99.1, is furnished under Item 2.02 of Form 8-K and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act regardless of any general incorporation language in such filings.

Item 7.01.  Regulation FD Disclosure.

An Investor Presentation dated October 31, 2013 is incorporated herein by reference and attached hereto as Exhibit 99.2.

The information contained in, or incorporated into, this Item 7.01 of this Report, including Exhibit 99.2 attached hereto, is furnished under Item 7.01 of Form 8-K and shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act or the Exchange Act regardless of any general incorporation language in such filings.

This Report will not be deemed an admission as to the materiality of any information in this Report that is being disclosed pursuant to Regulation FD.

Please refer to Exhibit 99.2 for a discussion of certain forward-looking statements included therein and the risks and uncertainties related thereto.

Item 9.01.	Financial Statements and Exhibits.
(d)	Exhibits

EXHIBIT NUMBER	DESCRIPTION
99.1	Press Release dated October 31, 2013
99.2	Investor Presentation dated October 31, 2013

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BROADWIND ENERGY, INC.
October 31, 2013	By:	/s/ Stephanie K. Kushner
		Stephanie K. Kushner
		Executive Vice President and Chief Financial Officer

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EXHIBIT INDEX

EXHIBITNUMBER	DESCRIPTION
99.1	Press Release dated October 31, 2013
99.2	Investor Presentation dated October 31, 2013

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EX-99.1

Exhibit 99.1

Broadwind Energy Announces Third-Quarter 2013 Results

Highlights:

·Q3 orders up sharply to $87 million; Excludes $106 million tower order received after quarter-end

·September 30 backlog of $167 million, up 17% sequentially

·Revenue of $62.4 million beat outlook due to record tower sales

·Gross profit margin (ex. restructuring) rose to 9.1%, up 370 bp from Q3 2012

·EPS loss of $.18 and Adjusted EBITDA of $2.6 million

·Balance sheet continues to strengthen: Cash assets totaled $24 million, operating line of credit undrawn; Debt balance of $3.1 million outstanding

Cicero, Ill., October 31, 2013— Broadwind Energy, Inc. (NASDAQ: BWEN) today reported sales of $62.4 million for the third quarter of 2013, a 13% increase compared to $55.0 million in the third quarter of 2012. The increase reflected the continued strength in the Towers and Weldments segment, partly offset by weaker results in the Gearing and Services segments.

The Company reported a net loss from continuing operations of $2.6 million or $.18 per share in the third quarter of 2013, compared to a loss of $3.9 million or $.28 per share in the third quarter of 2012. The improvement was due to stronger operating results in the Towers and Weldments segment, which offset the impact of a $1.5 million fine incurred by the Gearing segment to settle a long-standing environmental investigation. The Company reported non-GAAP adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, share-based payments and restructuring costs) of $2.6 million during the third quarter of 2013, compared to $2.4 million during the third quarter of 2012, up modestly despite the inclusion of the regulatory settlement charge.

Peter C. Duprey, president and chief executive officer, stated, “Our third-quarter results continue to highlight the strength in our Towers and Weldments segment which had its highest quarter on record. We booked $70 million in new tower orders during the quarter and announced another $106 million in tower orders after quarter-end. Our tower production capacity is substantially sold out for 2014 and we are booking orders for 2015.

“Our Gearing segment continues to work through challenges, both internally and externally. Internally, we are working to minimize the operational impact of the plant consolidation, which is on track. Gearing results were below expectations as we continue to grapple with productivity issues stemming from a mix of more complicated gearboxes versus loose gearing. Externally,

Gearing revenues continue to be impacted by weak demand from customers in the mining sector. In response to these challenges, we have made a number of process and management changes in this segment, from which we are already starting to see positive results. Gearing orders more than doubled during the third quarter compared to last quarter, and we continue to focus on Kaizen events to identify process improvements that will get this business back on track. We believe we will see improvement in the fourth quarter.

“Gearing also incurred a $1.5 million regulatory settlement charge associated with an environmental investigation that has been underway for some time. While the fine was higher than we anticipated and remains subject to final court approval, we are happy to have this distraction behind us. Sound environmental management is one of our key operating principles. We have made a careful evaluation of environmental practices at our other acquired businesses and believe there are no other potential problems.

“In our Services segment, we saw some recovery from a weak first half. However, sales and earnings continue to lag behind the prior year due mainly to low turbine construction activity and lower gearbox repair activity. We are focused on better leveraging our precision gearing expertise and service experience to meet emerging customer preference for uptower gearbox repair services. We believe we will see positive results from this effort in 2014.”

Mr. Duprey concluded, “Despite the challenges in the Gearing and Services businesses, we reached some key milestones during the quarter. Gross margin expanded by 390 basis points, we added $6.0 million of cash and generated $4.1 million of EBITDA before the regulatory settlement, which represented a $1.7 million improvement over 2012. This performance shows the financial potential of the business ahead. We are focused on achieving a similar turnaround in Gearing and Services going forward as we have achieved in our Towers business.”

Revenue for the nine months ending September 30, 2013 was $159.5 million, down 4% from $165.8 million for the same period last year. Gearing revenue declined due to weaker demand from mining and oil and natural gas customers as well as difficulties related to the production of more complex gearboxes. This was partly offset by an 18% increase in completed towers compared to the prior year. Non-GAAP adjusted EBITDA for the nine months ending September 30, 2013 was $6.6 million, up 37% from $4.9 million in the same period in 2012. The sharp increase was due to higher volumes and a less variable mix of towers in the current year, partly offset by lower volumes and margins in the Gearing segment as well as the regulatory settlement in the current year period. Operating loss for the nine months ending September 30, 2013 was $10.2 million, an improvement of 12% over the same period in 2012 due in part to $.6 million lower restructuring expense in the current year and the factors described above.

Orders and Backlog

The Company booked net orders of $87 million during the third quarter of 2013, more than four times the level booked during the third quarter of 2012. Towers and Weldments orders, which vary considerably from quarter-to-quarter, totaled $70 million. Third quarter net Gearing orders totaled $13 million, a 47% increase from the prior-year third quarter due mainly to a large order for replacement wind gearing. Net orders for Services totaled $4 million and were up from the first half run-rate but down $2 million compared to the prior-year third quarter, due mainly to weaker demand for in-field services compared to the prior year.

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At September 30, 2013, backlog totaled $167 million, up from $100 million at September 30, 2012. Subsequent to quarter-end, the Company announced new tower orders of $106 million.

Segment Results

Towers and Weldments

Broadwind Energy fabricates specialty weldments for wind, oil and gas, mining and other industrial applications, specializing in the production of wind turbine towers.

Towers and Weldments segment sales totaled $48.7 million in the third quarter of 2013, compared to $37.4 million in the third quarter of 2012. The 30% increase reflects strong demand from the Company’s expanded customer base and $4.4 million of sales of a new tower design produced during the second quarter of 2013 but not inspected and accepted by the customer until the third quarter. Partly offsetting this strength was a $.9 million reduction in industrial weldment sales to a mining equipment customer that is trimming production in view of a weaker mining sector outlook. Non-GAAP adjusted EBITDA for the third quarter was $7.8 million, more than double the prior-year third quarter adjusted EBITDA of $3.1 million. The significant improvement was the result of higher volumes, improved operating efficiencies and a less variable and more profitable mix of towers compared to the third quarter of 2012, during which productivity suffered due to the production of multiple tower types. Towers and Weldments segment operating income for the third quarter of 2013 was $6.7 million (14% of sales), up $5.0 million from the third quarter of 2012 due to the factors described above.

Gearing

Broadwind Energy engineers, builds and remanufactures precision gears and gearboxes for oil and gas, mining, steel and wind applications.

Gearing segment sales totaled $10.4 million in the third quarter of 2013, compared to $11.3 million in the third quarter of 2012. The 8% decrease was caused by lower sales to a mining customer due to weak demand in this industry as well as lower shipments to an oil industry customer due in part to manufacturing delays with a new line of gearboxes. Gearing segment non-GAAP adjusted EBITDA for the third quarter of 2013 was a loss of $2.6 million, declining from $.9 million in the prior-year third quarter due in part to lower volumes and margins. The loss also included a $1.5 million regulatory settlement associated with resolution of a long-standing environmental investigation as discussed above. These factors were partly offset by reductions in fixed costs and lower compensation, bad debt and other professional expenses. Gearing segment operating loss for the third quarter of 2013 increased to $5.7 million, from a loss of $2.6 million in the prior-year third quarter. The increased operating loss was partly attributable to $.6 million of higher restructuring charges as well as the factors described above. The restructuring and consolidation project remains on track and on budget.

Services

Broadwind Energy specializes in non-routine drivetrain and blade maintenance services. The Company also offers comprehensive installation support and field services to the wind industry.

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Revenue from the Services segment was $3.7 million in the third quarter of 2013, compared with $6.9 million in the third quarter of 2012. The 46% decrease was due primarily to lower gearbox sales and depressed in-field service activity as a result of very low wind turbine installations across the United States, resulting in wind farm operators continuing to insource non-routine maintenance projects. Non-GAAP adjusted EBITDA loss for the third quarter of 2013 was $.6 million, compared with non-GAAP adjusted EBITDA of $.1 million in the prior-year third quarter. The decrease was due mainly to lower volumes and increased inventory reserves, partly offset by lower salary expenses and the absence of a one-time legal charge in the prior-year third quarter. Services segment operating loss of $1.3 million in the third quarter of 2013 increased $.7 million from a loss of $.6 million in the third quarter of 2012, due to the factors described above.

Corporate and Other

Corporate and other expenses totaled $2.2 million in the third quarter of 2013, compared with $2.1 million in the third quarter of 2012. The increase in expense was primarily attributable to increased legal expense.

Cash and Liquidity

During the quarter, operating working capital decreased $5.5 million to $4.0 million or 2% of annualized third-quarter 2013 sales. The decrease from June 30, 2013 was due primarily to a decrease in inventory related to the completed tower sections that were manufactured and placed into inventory during the prior quarter.

Cash and equivalents rose to $24.0 million at September 30, 2013, an increase of $6.0 million from June 30, 2013, due to operational cash flow and the reduction in working capital noted above. At September 30, 2013, the Company’s $20 million line of credit was not drawn.

About Broadwind Energy, Inc.

Broadwind Energy (NASDAQ: BWEN) applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. From gears and gearing systems for wind, oil and gas and mining applications, to wind towers, to comprehensive remanufacturing of gearboxes and blades, to operations and maintenance services and industrial weldments, we have solutions for the energy needs of the future. With facilities throughout the U.S., Broadwind Energy’s talented team of 800 employees is committed to helping customers maximize performance of their investments — quicker, easier and smarter. Find out more at www.bwen.com.

Forward-Looking Statements

This release includes various forward-looking statements related to future, not past, events. Statements in this release that are not historical are forward-looking statements. These statements are based on current expectations and we undertake no obligation to update these statements to reflect events or circumstances occurring after this release. Such statements are

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subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include, but are not limited to: expectations regarding our business, end-markets, relationships with customers and our ability to diversify our customer base; the impact of competition and economic volatility on the industries in which we compete; our ability to realize revenue from customer orders and backlog; the impact of regulation on our end-markets, including the wind energy industry in particular; the sufficiency of our liquidity and working capital; our restructuring plans and the associated cost savings; our ability to preserve and utilize our tax net operating loss carry-forwards; and other risks and uncertainties described in our filings with the Securities and Exchange Commission.

BWEN INVESTOR CONTACT: Joni Konstantelos, 708.780.4819 joni.konstantelos@bwen.com

LHA — Jody Burfening/Carolyn Capaccio, 212.838.3777, ccapaccio@lhai.com

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BROADWIND ENERGY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(IN THOUSANDS)

	September 30,			December 31,
	2013			2012
	(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	22,826		$	516
Short-term investments	867			—
Restricted cash	331			330
Accounts receivable, net of allowance for doubtful accounts of $279 and $179 as of September 30, 2013 and December 31, 2012, respectively	21,927			20,039
Inventories, net	32,625			21,988
Prepaid expenses and other current assets	2,532			3,836
Assets held for sale	2,152			8,042
Total current assets	83,260			54,751
Property and equipment, net	72,761			79,889
Intangible assets, net	6,014			7,454
Other assets	2,194			816
TOTAL ASSETS	$	164,229		$	142,910
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Lines of credit and notes payable	$	—		$	955
Current maturities of long-term debt	342			352
Current portions of capital lease obligations	1,308			2,217
Accounts payable	29,063			16,377
Accrued liabilities	6,961			6,012
Customer deposits	21,482			4,063
Liabilities held for sale	—			3,860
Total current liabilities	59,156			33,836
LONG-TERM LIABILITIES:
Long-term debt, net of current maturities	2,757			2,956
Long-term capital lease obligations, net of current portions	1,431			641
Other	3,342			2,169
Total long-term liabilities	7,530			5,766
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding	—			—
Common stock, $0.001 par value; 30,000,000 shares authorized; 14,563,228 and 14,197,792 shares issued and outstanding as of September 30, 2013 and December 31, 2012, respectively	15			14
Additional paid-in capital	375,542			373,605
Accumulated deficit	(278,014		)	(270,311		)
Total stockholders’ equity	97,543			103,308
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	164,229		$	142,910

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BROADWIND ENERGY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(IN THOUSANDS, EXCEPT PER SHARE DATA)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Revenues	$	62,436		$	55,045		$	159,463		$	165,799
Cost of sales	56,783			52,097			147,399			158,155
Restructuring	1,097			233			2,758			1,038
Gross profit	4,556			2,715			9,306			6,606
OPERATING EXPENSES:
Selling, general and administrative	5,247			5,197			15,788			16,658
Intangible amortization	111			664			1,441			1,094
Regulatory settlement	1,500						1,500
Restructuring	79			381			787			481
Total operating expenses	6,937			6,242			19,516			18,233
Operating loss	(2,381		)	(3,527		)	(10,210		)	(11,627		)
OTHER INCOME (EXPENSE) , net:
Interest expense, net	(177		)	(553		)	(795		)	(1,053		)
Other, net	(4		)	148			511			758
Restructuring	(1		)	(15		)	2,965			(86		)
Total other income (expense), net	(182		)	(420		)	2,681			(381		)
Net loss from continuing operations before provision for income taxes	(2,563		)	(3,947		)	(7,529		)	(12,008		)
Provision for income taxes	28			(9		)	64			21
LOSS FROM CONTINUING OPERATIONS	(2,591		)	(3,938		)	(7,593		)	(12,029		)
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	100			—			(110		)	—
NET LOSS	$	(2,491	)	$	(3,938	)	$	(7,703	)	$	(12,029	)
NET LOSS PER COMMON SHARE - BASIC AND DILUTED:
Loss from continuing operations	$	(0.18	)	$	(0.28	)	$	(0.53	)	$	(0.86	)
Loss from discontinued operations	0.01			—			(0.01		)	—
Net loss	$	(0.17	)	$	(0.28	)	$	(0.53	)	$	(0.86	)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and diluted	14,525			14,093			14,405			14,022

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BROADWIND ENERGY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(IN THOUSANDS)

	Nine Months Ended September 30,
	2013			2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(7,703	)	$	(12,029	)
Adjustments to reconcile net cash used in operating activities:
Depreciation and amortization expense	11,412			12,227
Impairment charges	288			—
Stock-based compensation	1,438			2,079
Allowance for doubtful accounts	(274		)	158
Common stock issued under defined contribution 401(k) plan	499			345
(Gain) loss on disposal of assets	(3,576		)	220
Changes in operating assets and liabilities:
Accounts receivable	(1,613		)	(3,318		)
Inventories	(10,637		)	(5,672		)
Prepaid expenses and other current assets	1,228			1,078
Accounts payable	12,337			(3,175		)
Accrued liabilities	1,054			(110		)
Customer deposits	17,419			(13,411		)
Other non-current assets and liabilities	(365		)	1,319
Net cash provided by (used in) operating activities	21,507			(20,289		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of logistics business and related note receivable	250			375
Purchases of available for sale securities	(867		)	—
Purchases of property and equipment	(5,967		)	(3,300		)
Proceeds from disposals of property and equipment	12,533			106
(Increase) decrease in restricted cash	(1		)	546
Net cash provided by (used in) investing activities	5,948			(2,273		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on lines of credit and notes payable	(80,233		)	(24,190		)
Proceeds from lines of credit and notes payable	75,208			36,908
Proceeds from sale-leaseback transactions	—			1,000
Payments for debt issuance costs	—			(630		)
Principal payments on capital leases	(120		)	(1,145		)
Net cash (used in) provided by financing activities	(5,145		)	11,943
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	22,310			(10,619		)
CASH AND CASH EQUIVALENTS, beginning of the period	516			13,340
CASH AND CASH EQUIVALENTS, end of the period	$	22,826		$	2,721

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BROADWIND ENERGY, INC. AND SUBSIDIARIES

SELECTED SEGMENT FINANCIAL INFORMATION

(IN THOUSANDS)

	Three Months Ended September 30						Nine Months Ended September 30,
	2013			2012			2013			2012
	(unaudited)						(unaudited)
REVENUES:
Towers and Weldments	$	48,658		$	37,423		$	116,194		$	109,587
Gearing	10,389			11,256			31,554			41,352
Services	3,704			6,899			15,253			16,037
Corporate and Other	(315		)	(533		)	(3,538		)	(1,177		)
Total revenues	$	62,436		$	55,045		$	159,463		$	165,799
OPERATING (LOSS) PROFIT:
Towers and Weldments	$	6,723		$	1,740		$	12,828		$	3,306
Gearing	(5,653		)	(2,637		)	(12,394		)	(5,390		)
Services	(1,276		)	(570		)	(3,239		)	(3,331		)
Corporate and Other	(2,175		)	(2,060		)	(7,405		)	(6,212		)
Total operating loss	$	(2,381	)	$	(3,527	)	$	(10,210	)	$	(11,627	)

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, the Company’s management believes that certain non-GAAP financial measures may provide users of this financial information with meaningful comparisons between current results and results in prior operating periods. Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of historical information that excludes certain infrequently occurring or non-operational items that impact the overall comparability. See the table below for supplemental financial data and corresponding reconciliations to GAAP financial measures for the three and nine months ended September 30, 2013 and 2012. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP.

Consolidated

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
	(unaudited)						(unaudited)
Operating loss	$	(2,381	)	$	(3,527	)	$	(10,210	)	$	(11,627	)
Depreciation and amortization	3,178			4,195			10,826			11,590
Restructuring	1,176			614			3,545			1,519
Other income	(4		)	148			511			758
Share-based compensation and other stock payments	645			982			1,970			2,619
Adjusted EBITDA	$	2,614		$	2,412		$	6,642		$	4,859

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Towers and Weldments Segment

	Three Months Ended September 30,					Nine Months Ended September 30,
	2013			2012		2013		2012
	(unaudited)					(unaudited)
Operating Profit	$	6,723		$	1,740	$	12,828	$	3,306
Depreciation	941			942		2,841		2,722
Share-based compensation and other stock payments	108			210		353		575
Other Income	(9		)	171		265		529
Restructuring Expense	50			—		165		—
Total Adjusted EBITDA (Non-GAAP)	$	7,813		$	3,063	$	16,452	$	7,132

Gearing Segment

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(unaudited)						(unaudited)
Operating Loss	$	(5,653	)	$	(2,637	)	$	(12,394	)	$	(5,390	)
Depreciation	1,702			2,157			5,442			6,485
Amortization	111			665			1,441			1,094
Share-based compensation and other stock payments	121			157			334			455
Other Income (Expense)	10			4			(5		)	17
Restructuring Expense	1,125			514			2,684			1,362
Total Adjusted EBITDA (Non-GAAP)	$	(2,584	)	$	860		$	(2,498	)	$	4,023

Services Segment

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(unaudited)						(unaudited)
Operating Loss	$	(1,276	)	$	(570	)	$	(3,239	)	$	(3,331	)
Depreciation	409			414			1,064			1,237
Share-based compensation and other stock payments	59			153			227			340
Other Income (Expense)	(5		)	(29		)	251			209
Restructuring Expense	—			100			234			146
Total Adjusted EBITDA (Non-GAAP)	$	(813	)	$	68		$	(1,463	)	$	(1,399	)

Corporate and Other

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(unaudited)						(unaudited)
Operating Loss	$	(2,175	)	$	(2,060	)	$	(7,405	)	$	(6,212	)
Depreciation	15			17			38			51
Share-based compensation and other stock payments	357			462			1,056			1,249
Other Income (Expense)	—			2			—			4
Restructuring Expense	1			—			462			11
Total Adjusted EBITDA (Non-GAAP)	$	(1,802	)	$	(1,579	)	$	(5,849	)	$	(4,897	)

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EX-99.2

Exhibit 99.2

Broadwind Energy, Inc. Q3 2013 Investor Call Presentation © 2013 Broadwind Energy, Inc. All Rights Reserved.

Industry Disclaimer and Forward Looking Statements Broadwind obtained the industry and market data used throughout this presentation from our own research, internal surveys and studies conducted by third parties, independent industry associations or general publications and other publicly available information. Independent industry publications and surveys generally state that they have obtained information from sources believed to be reliable, but do not guarantee the accuracy and completeness of such information. Forecasts are particularly likely to be inaccurate, especially over long periods of time. We are not aware of any misstatements in the industry data we have presented herein, but estimates involve risks and uncertainties and are subject to change based on various factors beyond our control. This presentation includes various forward-looking statements related to future, not past, events. Statements in this presentation that are not historical are forward-looking statements. These statements are based on current expectations and we undertake no obligation to update these statements to reflect events or circumstances occurring after this presentation. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include, but are not limited to: expectations regarding our business, end-markets, relationships with customers and our ability to diversify our customer base; the impact of competition and economic volatility on the industries in which we compete; our ability to realize revenue from customer orders and backlog; the impact of regulation on end-markets, including the wind energy industry in particular; the sufficiency of our liquidity and working capital; our restructuring plans and the associated cost savings; the ability to preserve and utilize our tax net operating loss carry-forwards; and other risks and uncertainties described in our filings with the Securities and Exchange Commission. This presentation contains non-GAAP financial information. We believe that certain non-GAAP financial measures may provide users of this financial information meaningful comparisons between current results and results in prior operating periods. We believe that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of historical information that excludes certain infrequently occurring or non-operational items that impact the overall comparability. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to, our reported results prepared in accordance with GAAP. Please see our earnings release dated as of October 31, 2013 for a reconciliation of certain non-GAAP measures presented in this presentation. 2 © 2013 Broadwind Energy, Inc. All rights reserved. 10/31/2013

Q3 2013 Overview Business Highlights New orders of $87 million; excludes $106 million tower order received after quarter-end Revenue of $62.4 million, beat outlook and up 13% from prior year Gross profit margin (ex. restructuring) rose to 9.1%, up 370 bp from Q3 2012 Adj. EBITDA of $2.6 million – $4.1 million before regulatory settlement Operating working capital dropped to 2% of sales; cash assets rose to $24 million Market Highlights Wind Energy US wind market continues to mature: uptick in PPA/utility projects Continued focus on value-added services to drive lower operating costs Oil & Gas Shale plays over the last 3-5 years have moved U.S. to top global O&G producer Natural gas sector still weak although pricing has improved by $2.20 / MMbtu from 2012 low point Mining Market remains slow 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 3 + 30% Excl. regulatory settlement

Orders and Backlog 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 4 Orders – $ Million New tower orders of $70 million $106 million in tower orders received after quarter-end; 2014 tower capacity substantially sold out, taking orders for 2015 Gearing orders of $13 million – mainly replacement gearing and other industrial Services orders above first half 2013 run rate, but still behind prior year Order Backlog – $M Q3 2013 ending backlog up 17% sequentially 2013 estimated revenue of $215-220 million, all booked as of 9/30/13 Backlog approaching $255 million at 10/31/13 Q3 12 Q3 13 YTD 12 YTD 13 Towers/Weldments 11.1 70.3 22.4 202.8 Gears 8.7 12.8 35.3 29.3 Services 5.9 3.9 16.2 6.1 Gross Orders 25.7 87.0 73.9 238.2 less: tower cancellations -8.0 0 -8.0 -34.5 Net Orders 17.7 87.0 65.9 203.7

Wind – A Part Of The US Energy Mix 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 5 Levelized Cost $ / MWhr Levelized Cost of Energy Notable 2013 PPA/Project Announcements MidAmerican Energy – 1,050 MW Public Service Co. of Oklahoma – 600 MW Northern States Power – 600 MW Austin Energy – 570 MW Portland General Electric – 267 MW Google – 240 MW Detroit Edison – 150 MW Assumptions Natural gas at $4.50 / MMBtu No subsidies for renewable energy High-end coal COE incorporates carbon capture Intermittent generation does not include balancing costs Source: Lazard August 2013, LEVELIZED COST OF ENERGY ANALYSIS—VERSION 7.0 See 4-5 GW of annual wind demand for next 10 years Wind Drivers Close to grid parity with fossil fuels Eliminates fuel risk 20 year hedge Wind + NG can replace old coal generation

Gearing Turnaround 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 6 Total Cost $9M cash, $5M non -cash Annual Savings ~$3.5M Comments Reduced 25 heads, saving $1.7 million annually Restructuring – $1.1 million benefit in 2013, expect $2.4 million incremental benefit in 2014 5 Kaizen events currently in progress on front-end processes 8 shop floor events currently in progress

Consolidated Financial Results 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 7 Q3 2013 Comments Sales up 13% from Q3 2012 – record quarter for Towers and Weldments partly offset by challenges in Gearing and Services Gross margin (ex. restructuring) up 370 bp from Q3 2012 – improved tower throughput and mix, higher volume Operating expense up $.7 million from Q3 2012; regulatory settlement charge of $1.5 million, partly offset by lower amortization and restructuring expense Adj. EBITDA of $2.6 million – up $.2 million from Q3 2012, despite adverse effect of $1.5 million regulatory settlement Per share loss of $.18 includes $.10 per share related to regulatory settlement 2012 2013 2012 2013 55.0 62.4 Revenue 165.8 159.5 2.7 4.6 Gross Profit - $M 6.6 9.3 5.4% 9.1% % (ex. Restructuring) 4.6% 7.6% 6.2 6.9 Operating Expense - $M 18.2 19.5 10.6% 11.0% % (ex. Restructuring) 10.7% 11.7% -3.5 -2.4 Operating Loss - $M -11.6 -10.2 2.4 2.6 Adj. EBITDA - $M 4.9 6.6 -0.28 -0.18 EPS Continuing - $ -0.86 -0.53 Q3 YTD

Profitability Progress 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 8 9-11% 9-10% Gross Margin Improvements Less variable mix and production enhancements – Towers Square footage reduction (restructuring) Challenges Rising share of gearboxes – Gearing Soft end markets for Gearing – mining, natural gas Low point for new wind installs – depressed Services revenue Operating Expense Improvements SGA expense has declined over $6 million since 2010 Reductions in legal, bad debt and employee compensation costs Continued focus on expense management Continued progress on path to profitability

Towers and Weldments 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 9 Third Quarter 2013 Strongest quarter on record for Towers Tower section volume increased 18% compared to Q3 2012 Q3 2013 productivity increase from process improvements and more uniform tower types Adj. EBITDA margin nearly doubled due to better productivity and favorable mix Strategic Focus Use Continuous Improvement tools to drive increased throughput and efficiency Expanding capacity in our current footprint: >500 towers in 2014 Diversify by growing industrial weldments product line 2012 2013 2012 2013 93 124 Towers-No. 238 282 314 372 Sections-No. 969 938 37.4 48.7 Revenue-$M 109.6 116.2 1.7 6.7 Op. Income-$M 3.3 12.8 3.1 7.8 Adj. EBITDA-$M 7.1 16.5 8.2% 16.1% Adj. EBITDA Margin 6.5% 14.2% Q3 YTD

Gearing 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 10 Third Quarter 2013 Revenue affected by production delays related to product mix and by industrial end-market softness Adj. EBITDA decline due to regulatory settlement charge of $1.5M, lower volumes and margins, partly offset by other spending reductions Plant consolidation ~ 77% complete – ahead of schedule and on budget Strategic Focus Streamline production flow and order-to-shipment activities Improve capacity utilization — plant consolidation underway Diversify industrial customers Manage strategic shift in product mix 2012 2013 2012 2013 11.3 10.4 Revenue-$M 41.4 31.6 (2.6) (5.7) Op. Income-$M (5.4) (12.4) 0.9 (2.6) Adj. EBITDA-$M 4.0 (2.5) 7.6% -24.9% Adj. EBITDA Margin 9.7% -7.9% Q3 YTD

Services 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 11 Third Quarter 2013 Revenue down 46% from Q3 2012 – lower gearbox sales and depressed field service work resulting from period of low wind turbine installations Services work being in-sourced and longer OEM warranties contributing to revenue drop Strategic Focus Diversify revenue base, particularly with industrial customers Further develop proprietary product offerings Launched DriveMAX and BladeMAX campaigns Continue drive toward profitability Source: MAKE Consulting 2012 2013 2012 2013 6.9 3.7 Revenue-$M 16.0 15.3 (0.6) (1.3) Op. Income-$M (3.3) (3.2) 0.1 (0.8) Adj. EBITDA-$M (1.4) (1.5) 1.0% -21.9% Adj. EBITDA Margin -8.7% -9.6% Q3 YTD

Operating Working Capital 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 12 9/30/13 operating working capital decreased $5.5 million from 6/30/13 to $4 million, or 2% of annualized Q3 2013 sales Inventories dropped from Q2 2013 related to the shipment of $4.4 million of towers produced in Q2 but not signed off by customer until Q3 Operating working capital should remain low through year-end

Debt and Liquidity 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 13 Net debt negative – cash and related assets increased $6 million from Q2 2013 Debt balance includes $3 million which is either forgivable economic development grants or New Markets Tax Credit financing Capital leases increased $1.5 million due to financing of new 5 axis mill for Gearing Line of credit undrawn; expected to remain undrawn through year-end 9/30/2013 $M AloStar line of credit - Long-term debt 0.1 Capital leases 2.7 Subtotal: debt ex. grants 2.8 Grants/tax credits 3.0 Total Debt 5.8 Less: Cash and related assets (24.0) Net Debt (18.2)

2013 Financial Outlook 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 14 Towers and Weldments: Greater revenue visibility given improved supply/demand balance Level-loading, fewer tower types increasing throughput, efficiencies and margins Gearing: Revenue and end-market demand down from 2012, with some uncertainty in natural gas Margin challenged – restructuring benefits not material until late 2013/2014 Services: Strict cost management to minimize cash utilization FY 2010 FY 2011 FY 2012 2013 E Q4 2012 Q4 2013 Revenue-$M 137.0 186.0 210.7 215-218 44.9 55-58 Gross Profit-$M 1.9 7.2 6.8 0.2 -% (ex. Restructuring) 1.4% 3.9% 4.0% 1.8% Operating Expense-$M 30.4 27.6 24.1 5.9 -% (ex. Restructuring) 22.2% 14.6% 11.1% 12.6% Impairment Exp. -$M 40.8 Operating Income-$M (69.2) (20.4) (17.3) (5.7) Adj. EBITDA-$M (9.2) (2.1) 5.5 9-10 0.7 >2 EPS, Continuing (6.56) (1.79) (1.27) (.67-.69) (0.41) (.14-.16)

Other Updates 10/31/2013 © 2013 Broadwind Energy, Inc. All rights reserved. 15 Other Updates Regulatory Settlement Auditor 2011-12 YTD 2013 Total Incurred Total Projected % Incurred Capital Spending 2.6 2.0 4.6 5.8 79% Cash Expenses 1.8 2.9 4.7 5.7 82% Total Outlays 4.4 4.9 9.3 11.5 80% Gain on Sale of Brandon 0 -3.6 -3.6 -3.6 100% Non Cash Expenses 1.5 1.3 2.8 5.4 51% Total 5.9 2.6 8.5 13.3 64%

Broadwind Energy is committed to helping customers maximize performance of their energy and infrastructure investments— quicker, easier and smarter. 16 © 2013 Broadwind Energy, Inc. All rights reserved. 10/31/2013