Quarterly ResultMay 12, 2026, 07:07 AM
Broadwind Q1 Revenue $34.1M, Net Loss ($0.5M); Exits Wind Tower Production
AI Summary
Broadwind, Inc. announced its first quarter 2026 financial results, reporting total revenue of $34.1 million and a GAAP net loss of ($0.5) million. The company is strategically exiting wind tower production by the third quarter of 2026, following the sale of its Abilene facility for $17.2 million in net cash proceeds. Core segments, Gearing and Industrial Solutions, showed strong growth in revenue and orders, driven by demand in power generation and critical infrastructure markets, while the Heavy Fabrications segment experienced a decline.
Key Highlights
- Broadwind is strategically exiting wind tower production by Q3 2026.
- Received $17.2 million net cash proceeds from the sale of the Abilene facility in April 2026.
- Q1 2026 total revenue decreased 7.5% year-over-year to $34.1 million.
- Q1 2026 GAAP net loss was ($0.5) million, or ($0.02) per diluted share.
- Q1 2026 Adjusted EBITDA was $2.2 million, or 6.5% of total revenue.
- Total orders increased 23% year-over-year to $37.4 million.
- Gearing segment revenue grew 42% to $8.5 million; orders increased 66%.
- Industrial Solutions segment revenue grew 64% to $9.2 million; orders increased 44%.