Broadwind, Inc. reported significant financial results for the third quarter of 2025, with revenues reaching $44.2 million, a 25% increase from $35.5 million in the same period last year. For the nine months ending September 30, 2025, total revenues were $120.3 million, up from $109.6 million in 2024. The company achieved a net income of $7.5 million, or $0.32 per share, compared to a mere $74, or $0.00 per share, in the prior year quarter. This increase in profitability was largely attributed to a gain of $8.2 million from the sale of its Manitowoc industrial fabrication operations, which was completed in September 2025.
In terms of operational performance, Broadwind's Heavy Fabrications segment saw a 43% increase in revenue, driven by a 57% rise in wind-related sales as the company completed a limited production run of wind towers at its Manitowoc facility. However, the Gearing segment experienced a 23% decline in revenue, primarily due to reduced shipments to industrial and mining customers. The Industrial Solutions segment reported a 37% increase in revenue, reflecting higher shipments to new gas turbine customers. Overall, the company’s gross profit for the third quarter was $4.5 million, down from $5.2 million a year earlier, indicating challenges in managing manufacturing efficiencies.
Broadwind's strategic developments included the sale of its Manitowoc operations, which allowed the company to streamline its focus on core competencies in the wind energy sector. The sale generated significant cash flow, contributing to a net cash provided by investing activities of $9.9 million for the nine months ended September 30, 2025. The company also reported a total debt of $10.3 million, a decrease from $16.9 million in the previous year, reflecting improved financial management and reduced liabilities.
The company’s operational metrics showed a total of $43.6 million in new orders during the third quarter, a substantial increase from $23.0 million in the same quarter of 2024. The backlog at the end of the period was $94.7 million, down from $124.3 million a year earlier, indicating a need for continued focus on order fulfillment and customer demand. Broadwind's employee headcount remained stable, with no significant changes reported in staffing levels.
Looking ahead, Broadwind anticipates that its current cash resources, along with available credit facilities and potential proceeds from the sale of securities, will be sufficient to meet liquidity needs for at least the next twelve months. However, the company acknowledged potential risks related to market conditions, particularly in the wind energy sector, which could impact future revenues and profitability. The recent enactment of the One Big Beautiful Bill Act, which eliminates certain tax credits for wind components, may also pose challenges to demand in the coming years.
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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