Broadwind Inc
NASDAQ:BWEN
Broadwind Inc
Broadwind, Inc. is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. The company is headquartered in Cicero, Illinois and currently employs 493 full-time employees. The company went IPO on 2004-03-29. The firm provides technologically advanced products to customers with complex systems and standards that operates in energy, mining and infrastructure sectors, primarily in the United States of America. The Company’s segments include Heavy Fabrications, Gearing, and Industrial Solutions. Heavy Fabrications segment provides complex and precision fabrications to customers in a broad range of industrial markets. Gearing segment consist of gearing and gearboxes to a broad set of customers in diverse markets, including onshore and offshore oil and gas (O&G) fracking and drilling, surface and underground mining, wind energy, steel, material handling and other industrial markets. Industrial Solutions segment provides supply chain solutions, inventory management, kitting and assembly services, primarily serving the combined cycle natural and gas power generation.
Broadwind, Inc. is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. The company is headquartered in Cicero, Illinois and currently employs 493 full-time employees. The company went IPO on 2004-03-29. The firm provides technologically advanced products to customers with complex systems and standards that operates in energy, mining and infrastructure sectors, primarily in the United States of America. The Company’s segments include Heavy Fabrications, Gearing, and Industrial Solutions. Heavy Fabrications segment provides complex and precision fabrications to customers in a broad range of industrial markets. Gearing segment consist of gearing and gearboxes to a broad set of customers in diverse markets, including onshore and offshore oil and gas (O&G) fracking and drilling, surface and underground mining, wind energy, steel, material handling and other industrial markets. Industrial Solutions segment provides supply chain solutions, inventory management, kitting and assembly services, primarily serving the combined cycle natural and gas power generation.
Revenue Growth: Broadwind reported third quarter revenue of $44.2 million, up 25% from the prior year and up nearly 13% sequentially.
Strong Orders: Orders surged to $44 million, a 90% year-over-year increase and the highest quarterly order level since 2022.
Segment Performance: Heavy Fabrication and Industrial Solutions revenues increased strongly year-over-year, while Gearing revenue declined but orders in that segment rebounded significantly.
Manufacturing Consolidation: The sale of the Manitowoc facility generated a net gain of $8.2 million and improved liquidity, while production was consolidated at the Abilene facility.
Guidance Raised: Full-year 2025 revenue guidance was raised to $155 million–$160 million from $145 million–$155 million; adjusted EBITDA guidance was maintained.
Margin Outlook: Margins were temporarily impacted by manufacturing inefficiencies, but management expects improvement as capacity utilization rises and operational headwinds subside.
Growth Drivers: Power generation and critical infrastructure markets, especially natural gas turbines and wind, are expected to drive growth in 2026 and beyond.
