BWEN
Broadwind, Inc.3.2100
-0.2500-7.23%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
74.48MP/E (TTM)
13.96Basic EPS (TTM)
0.23Dividend Yield
0%Recent Filings
8-K
Credit covenant relief granted
Broadwind inked Amendment No. 4 to its Wells Fargo credit agreement on February 4, 2026, easing Fixed Charge Coverage Ratio covenants—shortening testing through October 31, 2025, adding a 0.75-1.0x test for November 2025, and relaxing 2026 requirements to the same range—while excluding up to $3M designated capex from Unfinanced Capex. Lenders pocketed a $20,000 fee. Covenant tweaks signal liquidity strain.
8-K
Q3 revenue up 25%, raised guidance
Broadwind posted Q3 revenue of $44.2 million, up 25% y/y, with net income of $7.5 million boosted by an $8.2 million gain from selling its Manitowoc industrial fabrication operations on September 8. Orders surged 90% y/y to $43.6 million amid power generation demand; liquidity hit $26.8 million. Raised 2025 revenue guidance to $155-160 million. Gearing softened.
10-Q
Q3 FY2025 results
Broadwind posted Q3 revenue of $44.2M, up 24.6% y/y from $35.5M, driven by 43% Heavy Fabrications growth to $29.4M on wind towers and repowering, though gross margin slipped to 10.2% from 14.6% amid manufacturing inefficiencies. Operating income soared to $8.7M from $1.2M, fueled by an $8.2M gain on selling Manitowoc industrial fabrication operations for $13.5M cash on September 8, 2025; net income hit $7.5M or $0.32 diluted EPS, verified against 23.3M shares. Cash fell to $1.2M after $16.2M operating outflow, yet $25.6M revolver availability backs liquidity with total debt at $10.3M. Manitowoc sale streamlines focus. Gearing lost ground. Wind tax credit phaseout looms.
8-K
Term loan amendment eases repayments
8-K
Broadwind closes asset sale
Broadwind completed the sale of its Manitowoc, Wisconsin fabrication assets to a subsidiary of IES Holdings on September 8, 2025, netting $13.5 million in cash while the buyer assumed certain liabilities. This move streamlines operations by consolidating into the Abilene facility, slashing annual costs by $8 million and boosting focus on higher-margin precision manufacturing. Revenues eyed at $145-155 million for 2025, with adjusted EBITDA at $9-10 million—excluding the $9 million gain. Sale sharpens growth edge.
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