Broadwind Inc (BWEN) News & EventsBWENBroadwind Inc

Broadwind Reports Q2 Revenue of $24.3M, Orders Up 68%

Reports Q2 revenue $24.3M, consensus $34.97M. Reports Q2 total orders of $35.2M, up 68%. "During the second quarter, we continued a successful strategic pivot toward becoming a pure-play precision manufacturing business focused on the domestic power generation and critical infrastructure markets," stated Eric Blashford, President and CEO of Broadwind. "Customer demand was robust during the second quarter, as broad-based order momentum accelerated across our power generation, energy, and industrial verticals. Orders in our Industrial Solutions and Gearing segments organically increased 24% and 138%, respectively, when compared to the prior-year period."

Broadwind Reports Q1 Revenue of $34.06M, Beating Expectations

Reports Q1 revenue $34.06M, consensus $32.72M. Reports total orders of $37.4M. "During the first quarter, we continued to advance our business transformation strategy, while delivering strong revenue growth, margin realization, and order growth in our core gearing and industrial solutions segments," stated Eric Blashford, President and CEO of Broadwind. "First quarter revenue in the gearing and industrial solutions segments increased more than 40% and 60%, respectively, when compared to the year-ago period, driven by strong demand from within our core power generation and critical infrastructure markets."

Broadwind Sells Texas Facility for Up to $19.5M

Broadwind (BWEN) announced that on April 30, 2026, the company's wholly-owned subsidiary, Broadwind Heavy Fabrications, entered into a definitive agreement with IES Infrastructure, a wholly-owned subsidiary of IES Holdings, Inc. (IESC), under which Heavy Fabrications has sold its production facility in Abilene, Texas, including real property, equipment, machinery and other items, to IES Infrastructure for an aggregate purchase price of up to $19.5M in cash and non-cash consideration in the form of a below market lease, subject to certain purchase price adjustments. At closing, Heavy Fabrications entered into a short-term lease agreement with IES Infrastructure, pursuant to which Heavy Fabrications will lease the Facility and related assets from IES Infrastructure for nominal rent for a term that is expected to end on September 5, 2026, thereby ensuring an orderly transition of Heavy Fabrications' existing customer orders produced at the Facility. Under the Lease, Heavy Fabrications also granted IES Infrastructure an option to purchase certain other manufacturing equipment for an additional purchase price of $500,000 by the end of the lease term. Heavy Fabrications will retain its modular pressure reducing systems business and is expected to relocate those operations to another location by the end of the lease term. The majority of Heavy Fabrications' approximately 140 employees operating the wind tower manufacturing business at the Facility are expected to become employees of IES Infrastructure at the conclusion of the short-term lease agreement term. Given the announced sale of the Abilene Facility, Broadwind has elected to withdraw its full-year 2026 financial guidance issued on March 11, 2026. Accordingly, the Company's previously issued guidance should not be relied upon and is no longer reflective of current expectations.