Broadwind, Inc.
2.2900+0.10 (+4.57%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · BWEN · USD
Key Stats
Market Cap
52.76MP/E (TTM)
-Basic EPS (TTM)
-0.10Dividend Yield
0%Recent Filings
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.
8-K
Broadwind launches $3M buyback
Broadwind's board approved a $3 million share repurchase program on September 10, 2025, targeting open market or negotiated buys under Rule 10b-18. This move signals confidence post the completed divestiture of its Wisconsin industrial fabrication operations, freeing capital for opportunistic returns to shareholders. Repurchases hinge on market conditions and business needs. The program can be suspended anytime.
10-Q
Q2 FY2025 results
Broadwind's Q2 revenue climbed 8% year-over-year to $39.2M, driven by a 27% surge in Heavy Fabrications from restarted wind tower production and repowering, though Gearing dipped 30% on softer oil and gas shipments while Industrial Solutions rose 14% via new gas turbine deals. Gross margins slipped to 10.1% from 15.3% amid manufacturing hiccups in wind towers, flipping operating income to a $0.2M loss versus $1.3M profit last year; net loss hit $1.0M or $0.04 per share, with EPS aligning to 22.8M diluted shares and no anti-dilution flagged. Cash drained to $1.0M after $20.5M operating outflow, offset by $15.9M financing inflows, leaving $26.1M debt and $13.8M revolver availability under the 6.7% Wells Fargo facility maturing 2027. On June 4, closed Manitowoc asset sale for up to $13.8M cash, recognizing $3.8M assets held for sale. Wind tax credits face phase-out risks post-2027.
8-K
Broadwind Q2 revenue up, loss amid sale
Broadwind reported Q2 2025 revenue of $39.2 million, up 7.6% year-over-year, driven by wind tower demand in Heavy Fabrications, yet swung to a $1.0 million net loss from prior income due to production inefficiencies and gearing softness. Orders rose 14% to $21.0 million, with Industrial Solutions hitting records on natural gas turbine strength. The pending Manitowoc sale, set for Q3 close, promises $13 million cash and $8 million annual savings, sharpening focus on high-margin precision markets. Backlog dipped 31.5% to $95.3 million.
8-K
Broadwind sells Manitowoc facility
Broadwind agreed to sell its Manitowoc, Wisconsin fabrication facility assets to a subsidiary of IES Holdings for up to $13.8 million in cash, with $7 million already in escrow and the balance tiered by closing date through August 2025. The deal, expected to close in Q3 2025, will cut annualized operating costs by $8 million while shifting $8 million in wind revenue to the Abilene facility, boosting utilization and margins from 8-9%. Pro forma, net debt drops to $3.7 million. Closing hinges on completing orders and due diligence.
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