Broadwind completes $13.5M sale of Manitowoc fabrication assets; pro forma shows $8.2M gain

BROADWIND, INC.

Asset Disposition to Wisconsin Heavy Fabrication, LLC closed Sept 8, 2025 for $13.5M cash, net of transaction expenses.
Pro forma FY2024 revenue would be $124.96M (down from $143.14M); net income rises to $9.04M from $1.15M on $8.2M pre-tax gain.
Pro forma H1 2025 revenue $68.05M (down from $76.07M); net loss widens to $1.72M from $1.36M.
Pro forma cash up $12.7M to $13.76M; $1.6M of senior secured term loan repaid; inventory reduced $2.3M.
Manitowoc ops were in Heavy Fabrications segment; not presented as discontinued operation.

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