Broadwind sells Manitowoc fabrication ops for ≥$13M; expects Q3 2025 close

BROADWIND, INC.

Purchase price up to $13.8M cash plus assumed liabilities; signing payment $7M held in escrow.
Manitowoc facility generated ~$25M revenue in 2024; annual cost savings of ~$8M after closing.
Pro forma cash rises to ~$9.4M; net debt falls from $16.7M to ~$3.7M.
Company will transition ~$8M wind revenue to Abilene, TX; aims to improve utilization and margin.
Sale reduces wind exposure and sharpens focus on higher-margin precision manufacturing segments.

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