BWEN News & Events

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."

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."

Reports Q3 revenue $44.2M, consensus $41.27M. "This year, our team continued to transform Broadwind into a leading precision manufacturing partner of choice to global OEMs," stated Eric Blashford, President and CEO of Broadwind. "Recent actions to consolidate manufacturing capacity, reduce fixed overhead, and enhance balance sheet optionality have created a strong foundation for profitable growth. Looking ahead, we intend to pursue a returns-driven capital allocation strategy, one that prioritizes investments in new product innovation, strategic acquisitions, and opportunistic share repurchases under our recently announced buyback authorization."