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 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 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 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 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.
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 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 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 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 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 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 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 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.
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 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 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 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