Total backlog was $183.1 million as of December 31, 2023, as compared to $297.2 million in the year-ago period. As of December 31, 2023, Broadwind had total cash on hand and availability under the Company's credit facility of $22.8 million, down from $40.1 million at the end of the fourth quarter 2022. MANAGEMENT COMMENTARY "Broadwind delivered strong full-year results highlighted by record margin realization, net income and adjusted EBITDA," stated Eric Blashford, President and CEO of Broadwind. "While 2023 was a transitional period for domestic onshore wind development, we continued to drive organic sales growth within our core industrials, mining and energy markets through a combination of new contract wins, together with increased customer demand for our proprietary Pressure Reducing System ("PRS") technology.