Broadwind reported third‑quarter 2025 results that marked a sharp turnaround from the prior year. Net income rose to $7.5 million, a swing from the $0.1 million loss recorded in Q3 2024, and earnings per share reached $0.32. Total revenue climbed 25 % to $44.2 million, exceeding the consensus estimate of $41.27 million and the higher estimate of $42.10 million, a beat of roughly $2.1 million or 5 % YoY.
Segment performance drove the revenue growth. Heavy‑fabrications sales surged 43 % to $29.4 million, powered by increased wind‑turbine content and higher natural‑gas turbine orders. Industrial‑solutions revenue grew 37 % to $7.9 million, reflecting stronger demand for precision components in power‑generation and infrastructure projects. Gearing revenue fell 23 % to $7.1 million, a decline attributed to lower demand from industrial, mining, and energy customers.
Broadwind completed the sale of its Manitowoc industrial‑fabrication operations on September 8 2025, realizing an $8.2 million gain and adding $26.8 million in cash and liquidity. The transaction reduced the company’s net leverage to 0.8×, below the targeted 1.0×, and removed a lower‑margin business that had constrained profitability. CEO Eric Blashford said the divestiture “sharpens our focus on higher‑margin precision manufacturing verticals” and “enhances balance‑sheet flexibility.”
Management raised its full‑year 2025 revenue guidance to $155 million–$160 million, up from the prior $145 million–$155 million range. The increase signals confidence in continued demand in the power‑generation and infrastructure markets, and reflects the company’s belief that the higher‑margin mix will sustain growth. Blashford noted that the guidance lift “reflects our view that the market for precision components will remain robust.”
The GAAP EPS beat analyst expectations by $0.32 versus a consensus of $0.01–$0.03, a margin of $0.29–$0.31. The beat was driven by cost controls, a favorable mix shift toward higher‑margin segments, and the elimination of the Manitowoc operations. However, Broadwind’s non‑GAAP EPS of $0.04 missed the consensus estimate of $0.21, a shortfall of $0.17. The miss was largely due to one‑time charges and lower pricing in certain legacy segments, underscoring the importance of the company’s strategic shift. Broadwind’s management emphasized that the GAAP results better reflect the core operating performance.
Broadwind’s Q3 2025 results illustrate a clear turnaround: revenue growth, a strong earnings beat, and a higher‑margin focus are all supported by a healthier balance sheet. The company’s strategic divestiture, coupled with rising demand in power‑generation and infrastructure, positions it for continued expansion in high‑value precision manufacturing. The raised guidance and improved leverage signal management’s confidence in sustaining momentum while maintaining disciplined cost control.
Broadwind’s performance underscores the effectiveness of its transformation strategy, which prioritizes high‑margin precision manufacturing and strategic asset optimization. The company’s ability to convert revenue growth into earnings gains, while simultaneously improving liquidity and leverage, suggests a resilient business model poised for further upside as demand in the power‑generation and infrastructure sectors remains strong.
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