Broadwind, Inc. reported a revenue increase of 10% for the fiscal year ending December 31, 2025, totaling $158.1 million, compared to $143.1 million in 2024. The company achieved a net income of $5.2 million, or $0.23 per share, significantly up from $1.2 million, or $0.05 per share, in the previous year. This growth in profitability was primarily driven by an $8.2 million gain from the sale of its Manitowoc industrial fabrication operations, although it was partially offset by manufacturing inefficiencies in the Heavy Fabrications segment and lower sales volumes in the Gearing segment.
In terms of operational performance, Broadwind's Heavy Fabrications segment saw a 22% revenue increase, largely due to a 36% rise in wind revenue as the company resumed significant tower production. However, the Gearing segment experienced a 23% decline in revenue, attributed to reduced shipments across most markets, despite a notable increase in orders from the power generation sector. The Industrial Solutions segment reported a 16% revenue increase, driven by heightened shipments to new gas turbine customers.
The company’s total orders rose by 22% to $131.4 million in 2025, with notable increases in the Heavy Fabrications and Industrial Solutions segments. However, the backlog decreased by 24% to approximately $96 million, reflecting a shift in demand dynamics. Broadwind's employee count stood at 341 as of December 31, 2025, with a significant portion engaged in manufacturing roles.
Strategically, Broadwind is focusing on diversifying its customer base and product lines, as sales from its top five customers accounted for 80% of total sales in 2025, down from 84% in 2020. The company is also pursuing opportunistic acquisitions and organic investments to enhance growth. Looking ahead, Broadwind anticipates challenges due to regulatory changes affecting tax incentives for wind energy projects, which could impact future demand for its products. The company remains committed to leveraging its manufacturing capabilities and exploring new market opportunities to drive growth.
About BROADWIND, INC.
Broadwind, Inc. is a precision manufacturer specializing in structures, equipment, and components for clean technology and industrial markets, including wind energy, oil and gas, mining, and infrastructure. Its core segments—Heavy Fabrications, Gearing, and Industrial Solutions—offer wind towers, gearboxes, machining, and supply chain services primarily to U.S.-based OEMs and aftermarket customers. The company emphasizes advanced manufacturing, quality control, and diversified industrial applications.
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