BWEN News & Events

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."

Sees FY26 adjusted EBITDA $8M-$10M

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 non-GAAP Adjusted EBITDA $8M-$10M. "Demand conditions across our core end-markets remain strong entering 2026," stated Eric Blashford, President and CEO of Broadwind. "At the midpoint of our newly introduced 2026 financial guidance, we're forecasting organic revenue growth of more than 20% this year, when compared to the full-year 2025, excluding financial contributions from our recently divested Manitowoc facility. Order rates remain healthy entering 2026, particularly within our power generation vertical, where orders increased more than 70% on a year-over-year basis in the full-year 2025. We enter 2026 with significant balance sheet optionality to support long-term value creation for our shareholders," continued Blashford. "This year, we intend to further advance our returns-driven capital allocation strategy that prioritizes investments in new product innovation, accretive inorganic growth, and opportunistic share repurchases, while expanding our addressable markets across high-value customer applications that require our technical engineering and manufacturing expertise."