Broadwind, Inc. (BWEN) Q3 2025 Earnings Call Transcript
Third Quarter Consolidated Revenues $44.2 million, representing a 25% increase versus the prior year period. The increase was driven by restarting Manitowoc tower production and increased repowering revenue in both Manitowoc and Abilene facilities.
Adjusted EBITDA $2.4 million, down from $3.4 million in the prior year. The decrease was primarily due to lower capacity utilization within the Gearing segment, costs associated with unplanned machine downtime, and manufacturing inefficiencies related to the production of unique low-volume tower builds.
Third Quarter Orders Nearly $44 million, representing a 90% increase year-over-year and 108% sequentially. The increase was driven by strong demand across all segments, particularly in power generation, oil and gas, and industrial customers.
Heavy Fabrication Segment Revenue $29.4 million, up 43% year-over-year. The growth was driven by an increase in wind tower sections sold and increased repowering revenue, partially offset by a decrease in industrial fabrication shipments and fewer shipments of PRSs units.
Gearing Segment Revenue $7.1 million, down over $2 million (23%) year-over-year. The decline was due to lower demand from the mining and industrial sectors, partially offset by power generation and steel.
Industrial Solutions Segment Revenue $7.9 million, up 37% year-over-year. The increase was driven by stronger shipments into the new gas turbine equipment market, both domestically and internationally.
Liquidity Nearly $27 million in total cash and availability on the credit facility. Liquidity was boosted by the sale of Manitowoc industrial fabrication operations, which resulted in over $13 million in cash, and a decrease in operating working capital of almost $5 million, primarily driven by reduced inventory levels.
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Broadwind Projects Strong 2025 Revenue Forecast
- 2025 Revenue Outlook: Broadwind anticipates 2025 revenue between $155 million and $160 million, with net income projected between $4.7 million and $5.7 million, indicating strong demand across its power generation, industrial, and energy markets, thereby enhancing its market position in these sectors.
- Adjusted EBITDA Performance: The company expects adjusted EBITDA for 2025 to be in the range of $8 million to $9 million, reflecting stable profitability despite raw material supply issues, showcasing management's confidence in future earnings potential.
- Fourth Quarter Challenges: The Heavy Fabrications segment experienced throughput issues in Q4 due to a raw material supply problem at an OEM customer, but the company expects this issue to be resolved in Q1 2026, which will help restore production capacity and improve future performance.
- 2026 Outlook: Broadwind forecasts approximately $145 million in revenue and $9 million in adjusted EBITDA for 2026, considering the impact of selling its Manitowoc, Wisconsin facility in September 2025, which contributed about $41 million in revenue in 2025, indicating a strategic adjustment in asset management.
Transcript of Broadwind's (BWEN) Q3 2025 Earnings Call
- Author's Perspective: The views and opinions presented are solely those of the author.
- No Official Endorsement: The content does not necessarily reflect the views of Nasdaq, Inc.
Broadwind Energy, Inc. (BWEN) Shares Decline Despite Market Upturn: Key Insights to Consider
Stock Performance: Broadwind Energy, Inc. (BWEN) saw a decline of 4.78% to $2.19, underperforming against the S&P 500's 0.23% gain, although it has appreciated by 7.98% over the past month, outperforming both the Industrial Products sector and the S&P 500.
Earnings Expectations: Analysts are closely monitoring Broadwind's upcoming earnings report, with a consensus estimate of $41.77 million in revenue, reflecting a 17.65% increase from the previous year, despite projected earnings of -$0.02 per share for the fiscal year.
Zacks Rank and Industry Performance: Broadwind holds a Zacks Rank of #3 (Hold), with the Manufacturing - General Industrial industry ranked 154th out of over 250 industries, indicating it is in the bottom 38% of performance.
Investment Insights: Zacks Investment Research highlights the importance of analyst estimate changes in predicting stock performance, and promotes a selection of stocks expected to see significant gains, including one targeting millennial and Gen Z audiences with nearly $1 billion in revenue last quarter.
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Broadwind, Inc. - BWEN
Investigation Announcement: Pomerantz LLP is investigating potential securities fraud and unlawful business practices by Broadwind, Inc. and its officers/directors, urging affected investors to contact them.
Financial Performance and Stock Impact: Broadwind reported a GAAP loss per share of $0.04 for Q2 2025, missing estimates, and suspended its full-year guidance, leading to a 14.46% drop in stock price on the announcement date.
Broadwind Energy, Inc. (BWEN) Experiences Greater Decline Than Market Trends: Key Points to Consider
Stock Performance: Broadwind Energy, Inc. (BWEN) closed at $2.40, down 8.75% from the previous day, while showing a 23.47% gain over the past month, outperforming the S&P 500 and the Industrial Products sector.
Earnings and Estimates: The upcoming earnings release is anticipated, with a consensus estimate of $41.77 million in revenue, a 17.65% increase year-over-year, while the Zacks Rank for BWEN is currently #3 (Hold).
Broadwind Secures $11 Million in New Tower Contracts
New Orders Announcement: Broadwind has secured $11 million in new tower orders from a leading global wind turbine manufacturer, to be manufactured at its Abilene, Texas facility, with fulfillment expected in Q1 2026.
Strategic Focus on Growth: CEO Eric Blashford emphasized the company's commitment to optimizing manufacturing efficiency and driving profitable growth in the power generation market as they prepare for a strong start to 2026.
Broadwind Projects Strong 2025 Revenue Forecast
- 2025 Revenue Outlook: Broadwind anticipates 2025 revenue between $155 million and $160 million, with net income projected between $4.7 million and $5.7 million, indicating strong demand across its power generation, industrial, and energy markets, thereby enhancing its market position in these sectors.
- Adjusted EBITDA Performance: The company expects adjusted EBITDA for 2025 to be in the range of $8 million to $9 million, reflecting stable profitability despite raw material supply issues, showcasing management's confidence in future earnings potential.
- Fourth Quarter Challenges: The Heavy Fabrications segment experienced throughput issues in Q4 due to a raw material supply problem at an OEM customer, but the company expects this issue to be resolved in Q1 2026, which will help restore production capacity and improve future performance.
- 2026 Outlook: Broadwind forecasts approximately $145 million in revenue and $9 million in adjusted EBITDA for 2026, considering the impact of selling its Manitowoc, Wisconsin facility in September 2025, which contributed about $41 million in revenue in 2025, indicating a strategic adjustment in asset management.
Transcript of Broadwind's (BWEN) Q3 2025 Earnings Call
- Author's Perspective: The views and opinions presented are solely those of the author.
- No Official Endorsement: The content does not necessarily reflect the views of Nasdaq, Inc.
Broadwind Energy, Inc. (BWEN) Shares Decline Despite Market Upturn: Key Insights to Consider
Stock Performance: Broadwind Energy, Inc. (BWEN) saw a decline of 4.78% to $2.19, underperforming against the S&P 500's 0.23% gain, although it has appreciated by 7.98% over the past month, outperforming both the Industrial Products sector and the S&P 500.
Earnings Expectations: Analysts are closely monitoring Broadwind's upcoming earnings report, with a consensus estimate of $41.77 million in revenue, reflecting a 17.65% increase from the previous year, despite projected earnings of -$0.02 per share for the fiscal year.
Zacks Rank and Industry Performance: Broadwind holds a Zacks Rank of #3 (Hold), with the Manufacturing - General Industrial industry ranked 154th out of over 250 industries, indicating it is in the bottom 38% of performance.
Investment Insights: Zacks Investment Research highlights the importance of analyst estimate changes in predicting stock performance, and promotes a selection of stocks expected to see significant gains, including one targeting millennial and Gen Z audiences with nearly $1 billion in revenue last quarter.
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Broadwind, Inc. - BWEN
Investigation Announcement: Pomerantz LLP is investigating potential securities fraud and unlawful business practices by Broadwind, Inc. and its officers/directors, urging affected investors to contact them.
Financial Performance and Stock Impact: Broadwind reported a GAAP loss per share of $0.04 for Q2 2025, missing estimates, and suspended its full-year guidance, leading to a 14.46% drop in stock price on the announcement date.
Broadwind Energy, Inc. (BWEN) Experiences Greater Decline Than Market Trends: Key Points to Consider
Stock Performance: Broadwind Energy, Inc. (BWEN) closed at $2.40, down 8.75% from the previous day, while showing a 23.47% gain over the past month, outperforming the S&P 500 and the Industrial Products sector.
Earnings and Estimates: The upcoming earnings release is anticipated, with a consensus estimate of $41.77 million in revenue, a 17.65% increase year-over-year, while the Zacks Rank for BWEN is currently #3 (Hold).
Broadwind Secures $11 Million in New Tower Contracts
New Orders Announcement: Broadwind has secured $11 million in new tower orders from a leading global wind turbine manufacturer, to be manufactured at its Abilene, Texas facility, with fulfillment expected in Q1 2026.
Strategic Focus on Growth: CEO Eric Blashford emphasized the company's commitment to optimizing manufacturing efficiency and driving profitable growth in the power generation market as they prepare for a strong start to 2026.
