secwatch.observer — SEC 8-K summary
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Issuer:     BROADWIND, INC. (BWEN)
CIK:        0001120370
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001171843-25-005308
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadwind Q2 2025 revenue up 7.6% to $39.2M, net loss $1.0M, suspends guidance due to Manitowoc sale
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- Revenue $39.2M (+7.6% y/y); net loss $1.0M ($0.04 diluted EPS) vs net income $0.5M ($0.02) y/y.
- Adjusted EBITDA $2.1M (5.3% of sales) down from $3.6M; Heavy Fab revenue +27.4%, Gearing -30.3%.
- Backlog $95.3M, -31.5% y/y; orders $21.0M, +14% y/y; Industrial Solutions sets record orders for 3rd consecutive quarter.
- Pending sale of Manitowoc industrial fab ops for min $13M expected Q3 close; FY2025 guidance suspended; Manitowoc had ~$25M revenue in FY2024.
- Net leverage ratio 3.0x (up from 1.4x Q1) due to wind tower working capital needs; cash and availability $14.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120370/000117184325005308/0001171843-25-005308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120370/000117184325005308/f8k_081125.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-005308

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