BWEN News & Events

Sees FY26 adjusted EBITDA $8M-$10M

Reports Q4 revenue $37.74M, consensus $36.18M. "2025 marked a pivotal year in our evolution as a leading precision manufacturing partner to global OEMs," stated Eric Blashford, President and CEO of Broadwind. "Over the past year, we expanded our presence within a growing set of applications and vertical markets, including power generation, while reinforcing operational rigor and balance sheet discipline across the organization. The divestiture of our industrial fabrication operations in the third quarter represented an important milestone, optimizing our asset base and increasing balance sheet optionality, positioning us to redeploy capital toward higher-value growth opportunities as we enter 2026."

H.C. Wainwright notes Broadwind issued a press release announcing preliminary full-year 2025 results, introducing 2026 guidance, and disclosing an amendment to its credit agreement. Management's guided 2025 revenue, GAAP net income, and adjusted EBITDA outlook was in line with the firm's expectations and prior management-guidance. Similarly, the company's 2026 revenue, and adjusted EBITDA guidance is within Wainwright's revenue expectation range for 2026 but slightly lower than its previous adjusted EBITDA expectation of $11.6M for 2026. The firm believes the timing of the press release resulted in an extreme over-reaction to information that was already established and well understood by those following the story closely. Wainwright maintains a Buy rating on the shares with a price target of $6.

Sees total non-GAAP Adjusted EBITDA in a range of between $8M and $9M. The company said, "Demand conditions across the Company's core vertical markets were strong during the fourth quarter 2025, supported by elevated customer demand within the power generation, industrial, and energy sectors, resulting in a full-year 2025 revenue performance consistent with the financial guidance provided on November 13, 2025. During the fourth quarter, a raw material supply issue under the directed-buy program of an OEM customer within our Heavy Fabrications segment resulted in reduced manufacturing throughput and operating efficiency. The Company has taken corrective action to address the supply issue and expects the impact to operations to be resolved during the first quarter of 2026."