Highest-materiality recent filing
Broadwind completes $13.5M sale of Manitowoc fabrication assets; pro forma shows $8.2M gain
Asset Disposition to Wisconsin Heavy Fabrication, LLC closed Sept 8, 2025 for $13.5M cash, net of transaction expenses.
Broadwind Q2 revenue up 67% to $24.3M; loss narrows to $0.03/share
Q2 revenue $24.3M +67% YoY; orders $35.2M +68%; backlog +93% for core segments.
Broadwind shareholders elect all five director nominees and approve say-on-pay
Eric B. Blashford elected with 7,956,910 for vs 329,874 against.
Broadwind Q1 revenue $34.1M, net loss $0.5M; exits wind tower production after Abilene sale
Revenue $34.1M (-7.5% YoY); net loss $0.5M ($0.02 EPS); Adj. EBITDA $2.2M (6.5% margin).
Broadwind exits wind market; pro forma 2025 revenue drops to $60.8M, net loss $9.95M
Sold Abilene, TX facility on April 30, 2026 for up to $19.5M cash; includes leaseback through Sep 2026 and $500K equipment purchase option.
Broadwind sells Abilene wind facility for up to $19.5M, exits wind market, withdraws 2026 guidance
Sale of Abilene, TX facility to IES Holdings subsidiary for up to $19.5M cash plus leaseback through Sep 5, 2026.
Broadwind board approves $33.6K CEO and $12.1K CFO STIP bonuses for 2025
CEO Eric B. Blashford awarded $33,562.50 discretionary annual incentive under STIP.
Broadwind reports FY2025 net income $5.2M; reaffirms 2026 revenue guidance $140-150M
Q4 revenue $37.7M (+12.4% YoY); GAAP net loss ($0.9M) or ($0.04)/share.
Broadwind reports preliminary FY2025 revenue $155-160M, Adj EBITDA $8-9M; introduces FY2026 guidance
Preliminary FY2025 revenue $155-160M, net income $4.7-5.7M, Adj EBITDA $8-9M; raw material supply issue resolved in Q1 2026.
Broadwind Q3 revenue $44.2M, +25% y/y; raises FY2025 revenue guidance to $155-160M
GAAP net income $7.5M ($0.32 diluted) vs $0.1M in Q3 2024.
Broadwind amends credit agreement reducing monthly term loan payments after $1.6M prepayment
Mandatory prepayment of $1,599,586.95 on Sept 8, 2025 due to asset sale in Manitowoc, WI.
Broadwind closes sale of Wisconsin fabrication ops for $13.5M; guides FY25
Sold assets to Wisconsin Heavy Fabrication (IES subsidiary) for $13.5M cash; closing effective Sept 8, 2025.
Broadwind announces up to $3M common stock repurchase program
Board authorized repurchases of up to $3M in common stock via open market or private transactions.
Broadwind Q2 2025 revenue up 7.6% to $39.2M, net loss $1.0M, suspends guidance due to Manitowoc sale
Revenue $39.2M (+7.6% y/y); net loss $1.0M ($0.04 diluted EPS) vs net income $0.5M ($0.02) y/y.
Broadwind sells Manitowoc fabrication ops for ≥$13M; expects Q3 2025 close
Purchase price up to $13.8M cash plus assumed liabilities; signing payment $7M held in escrow.
All six director nominees elected; votes for ranged from 6.79M to 6.98M, with no nominee receiving less than 6.79M for.
Broadwind Q1 net loss $0.4M, revenue down 2.1% YoY; reiterates FY2025 guidance
Net loss $0.4M ($0.02/diluted share) vs net income $1.5M ($0.07) in Q1 2024.
Broadwind Q4 revenue $33.6M, net loss $0.9M; FY2024 net income $1.2M; guides FY2025 rev $140-160M
Q4 net loss $0.9M ($0.04 per share) vs net income $1.1M in Q4 2023; adjusted EBITDA $2.1M.
Broadwind amends rights plan; extends expiration to 2028, raises purchase price to $7.70
Fourth Amendment to Section 382 Rights Agreement increases purchase price from $7.26 to $7.70 per one-thousandth of Series A Junior Preferred.
Broadwind subsidiary sells up to $35M in Advanced Mfg. Production Credits to MarketAxess
Broadwind Heavy Fabrications will sell $15M in 2025 and $20M in 2026 of IRC Section 45X credits to MarketAxess Holdings.
Broadwind amends credit agreement; Term Loan increased to $7.578M, covenant relaxed
Term Loan principal increased to $7.578 million with new 84-month amortization schedule.
Broadwind Q3 revenue $35.5M, net income $0.1M; guides Q4 revenue $31-33M
Q3 revenue $35.5M, net income $0.1M ($0.00 diluted EPS) vs $4.4M ($0.20) a year ago.
Broadwind shareholders approve increase in authorized shares to 45M
Shareholders ratified charter amendment to increase authorized common shares from 30M to 45M.
Broadwind Q2 net income $0.5M, revenue $36.5M; guides Q3 revenue $36-38M
Net income $0.5M ($0.02 diluted EPS) vs $1.4M in Q2 2023; revenue down 28% YoY.
Broadwind shareholders approve 50% increase in authorized common stock to 45M shares
Authorized common stock increased from 30M to 45M shares; Certificate of Amendment effective May 16, 2024.
Broadwind Q1 net income rises to $1.5M despite 23% revenue drop; Q2 guidance in line
Q1 revenue $37.6M, down >23% YoY; net income $1.5M ($0.07 diluted EPS) vs $0.8M ($0.04) prior year.
Q4 2023 revenue $46.6M (+16.3% y/y); net income $1.1M ($0.05 diluted EPS) vs net loss $2.9M in Q4 2022.
Broadwind sells up to $16M in IRA tax credits to MarketAxess, boosts liquidity
Initial $6.5M payment received for 2023 credits; balance due Feb 29, 2024.
Broadwind Q3 revenue $57.2M (+27% YoY), net income $4.4M vs prior-year loss, backlog $220.8M
Revenue $57.2M (+27% YoY); GAAP net income $4.4M ($0.20 diluted EPS) vs net loss of $1.8M in Q3 2022.
Broadwind posts Q2 net income $1.4M, raises FY 2023 Adj. EBITDA guidance to $17-19M
Revenue $50.8M (+2% YoY); GAAP net income $1.4M ($0.07/diluted) vs loss of $2.7M a year ago.
Broadwind adopts amended bylaws aligning with DGCL updates and Rule 14a-19 requirements
Board approved Fourth Amended and Restated Bylaws on June 26, 2023.
Company nominees (Blashford, Christman, Press, Reiland, Shivaram, Wagner, Wood) elected; dissident WM Argyle Fund nominees defeated (received 1.7-1.9M For vs ~9.8M Against).
Broadwind Q1 rev $48.9M (+17% YoY); net income $0.8M vs loss; raises FY23 EBITDA guidance to $16-18M
GAAP net income of $0.8M ($0.04/diluted) vs net loss of ($2.4M) in Q1 2022.
Broadwind raises FY 2023 guidance after strong Q1 prelim results
Preliminary Q1 revenue $48M-$49M; non-GAAP Adj. EBITDA $3M-$4M.
Broadwind appoints former CMC CFO Jeanette Press to board; board now 7 members
Jeanette Press appointed to Broadwind Board, effective March 22, 2023; board expands to 7 members (6 independent).
Broadwind Q4 revenue up 54% to $40.1M; guides FY2023 revenue $200-220M, adj. EBITDA $14-16M
Q4 revenue $40.1M (+54% YoY); net loss ($2.9M) or ($0.14)/share vs ($4.1M) loss in Q4 2021.
Broadwind waives EBITDA covenant breach, amends credit agreement with Wells Fargo
Waived existing event of default for minimum EBITDA shortfall (below $2.5M for Dec 2022).
Broadwind confirms WM Argyle Fund's 1% stake proxy contest; no action required yet
WM Argyle Fund, holding ~1% of BWEN stock (~$1.2M), intends to nominate six directors for 2023 Annual Meeting.
Broadwind posts investor presentation on website for conference use
Presentation contains financial highlights, posted to www.bwen.com.
Broadwind Q3 revenue $44.8M (+11% y/y); net loss narrows to $1.8M; orders surge 99%
Revenue $44.8M (+11% YoY); net loss ($1.8M) or ($0.09)/share vs ($2.1M) loss in Q3 2021.
Broadwind appoints Sachin Shivaram to Board of Directors
Appointment effective November 2, 2022; will serve until next annual meeting.
Company may sell up to $12M of common stock in ATM offerings through Roth Capital Partners and HC Wainwright.
Broadwind appoints Thomas Ciccone as CFO, effective Aug 10, 2022
Thomas Ciccone named VP, CFO and Principal Financial Officer; Eric Blashford steps down as interim CFO.
Broadwind reports Q2 net loss of $2.7M; non-wind orders up 60%
Revenue $50.0M (+8% y/y); net loss ($2.7M) or ($0.13) per basic share vs net income $10.3M a year ago.
Broadwind secures $42.6M Wells Fargo facilities, replacing prior credit
$35M revolver and $7.578M term loan from Wells Fargo, maturing August 2027.
Broadwind Q1 revenue up 28% to $41.8M but net loss widens to $2.4M; Q2 EBITDA guidance $0.4M-$0.6M
Q1 revenue $41.8M (+28% YoY); net loss $2.4M ($0.12/sh) vs loss $1.2M ($0.07/sh) prior year.
Broadwind announces results of 2022 Annual Meeting of Stockholders
Stockholders elected five directors: Eric Blashford (4,816,299 for), Philip Christman (4,593,478 for), David Reiland (4,680,557 for), Thomas Wagner (4,682,970 for), Cary Wood (4,823,706 for).
Broadwind Q4 net loss $4.1M ($0.21/sh) on $26M revenue; expects Q1 2022 adj. EBITDA loss of $0.5M
Q4 revenue $26.0M (-35% YoY); net loss $4.1M vs loss $2.0M in Q4 2020.
Broadwind amends rights agreement; purchase price raised to $7.26, extended to 2025
Purchase price increased from $4.25 to $7.26 per one-thousandth of a share of Series A Junior Participating Preferred Stock.
Broadwind Q3 revenue down 26% to $40.4M; sees Q4 adjusted EBITDA loss of $1.0-$1.5M
Net loss of $2.1M ($0.11/sh) vs net loss $1.0M a year ago; adjusted EBITDA $0.4M vs $1.3M.
On March 22, 2023, the Board of Directors (the “Board”) of Broadwind, Inc. (the “Company”) appointed Jeanette Press to serve as a member of the Board, effective March 22, 2023.
On November 2, 2022, the Board of Directors (the “Board”) of Broadwind, Inc. (the “Company”) appointed Sachin Shivaram to serve as a member of the Board until the next annual meeting of stockholders of the Company or until his successor is duly elected and qualified, effective November 2, 2022.
As a result, Eric B. Blashford, the Company’s President and Chief Executive Officer, will no longer serve as the Company’s Principal Financial Officer and interim Chief Financial Officer.
On August 10, 2022, the Company’s Board of Directors (the “Board”) appointed Thomas A. Ciccone, Vice President, Chief Financial Officer and Principal Financial Officer of Broadwind, Inc. (the “Company”) effective August 10, 2022.
On September 3, 2021, the Company’s Board of Directors (the “Board”) appointed Eric B. Blashford, President and Chief Executive Officer of the Company, as Principal Financial Officer of the Company and interim Chief Financial Officer of the Company, to serve in such capacity while the Board conducts a search for a permanent replacement for Mr. Bonfigt.
On September 2, 2021, Jason L. Bonfigt delivered his resignation as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of Broadwind, Inc. (the “Company”), effective October 1, 2021.
On September 3, 2021, the Board appointed Thomas A. Ciccone, Corporate Controller of the Company, as Vice President of the Company effective September 6, 2021 and Principal Accounting Officer of the Company effective October 1, 2021.
On August 3, 2021, Terence P. Fox delivered notice of his resignation from the Board of Directors (the “Board”) of the Company, effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event earnings