Every 10-Q that Broadwind, Inc. (BWEN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BWEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BWEN filings page.
Broadwind, Inc. reports sharply higher revenue but remains unprofitable from continuing operations for the quarter and six months ended June 30, 2026. Quarterly revenues from continuing operations rose to $24.3 million from $14.5 million, driven mainly by a 79% surge in Industrial Solutions sales to new and aftermarket gas turbine customers and 24% growth in Gearing revenue to power generation customers. Gross margin improved to 15.6% from 6.9%, and loss from continuing operations narrowed to $0.7 million from $3.0 million. Adjusted EBITDA turned positive at $1.6 million versus a loss of $1.1 million.
For the first half of 2026, revenue rose to $42.2 million from $29.4 million, with both segments growing and Industrial Solutions achieving a 17.7% operating margin. Net loss for the first half modestly improved to $1.1 million. Broadwind completed the sale of its Abilene, Texas wind tower facility, exiting the wind and industrial fabrications business; related operations are presented as discontinued operations, which generated $1.1 million of income in the first half despite a loss on the facility sale and a contract dispute charge. Cash and cash equivalents increased to $17.0 million, aided by $27.1 million of net cash from discontinued operations, while total debt declined to $3.3 million. Orders and backlog remain solid, with second quarter book‑to‑bill at 1.5x and backlog of $89.3 million, supporting visibility for the remaining year.
Broadwind, Inc. reported Q1 2026 revenue of $34.1 million, down 7.5% from a year earlier, and a net loss of $0.5 million, or $0.02 per share. Stronger Gearing and Industrial Solutions sales lifted gross margin to 13.8%, but higher interest expense deepened the loss.
Orders rose to $37.4 million with a book-to-bill of 1.1, while backlog ended the quarter at $99.1 million. The company generated $2.9 million of operating cash flow but spent $2.8 million on capex, producing negative free cash flow.
Broadwind continues to benefit from $2.8 million of quarterly AMP tax credits, though new legislation (OBBBA) shortens their life and tightens foreign-sourcing rules. After quarter-end, it sold its Abilene, Texas wind-tower facility for up to $19.5 million, a strategic shift that will move the wind business into discontinued operations starting Q2 2026.
Broadwind, Inc. reported stronger Q3 results, with net revenues of $44,239k, up from $35,503k a year ago. Net income rose to $7,463k versus $74k, primarily reflecting an $8,155k gain on the sale of the Manitowoc industrial fabrication operations for $13,500k.
Core profitability was mixed. Adjusted EBITDA was $2,407k, down from $3,366k, as the Heavy Fabrications segment grew to $29,364k while Gearing declined to $7,069k and Industrial Solutions improved to $7,872k. The company recognized AMP credits of $4,392k in the quarter within Heavy Fabrications, reducing cost of sales.
Liquidity tightened. Cash was $1,195k at September 30, 2025, compared with $7,721k at year-end, driven by year-to-date operating cash outflows of $16,242k. Total debt was $10,329k, and a $1,600k mandatory repayment on the term loan followed the asset sale. Backlog ended at $94,686k versus $124,298k a year earlier, while total orders were $43,585k. Shares outstanding were 23,200,988 as of November 7, 2025.
Broadwind, Inc. (BWEN) reported mixed second-quarter results with higher revenue but weaker profitability and tightened liquidity.
Revenue rose to $39.2 million in Q2 2025, up 7.6% from $36.5 million a year earlier, driven by a 27% increase in Heavy Fabrications revenue and higher Industrial Solutions shipments. Despite higher sales, the company recorded a Q2 net loss of $0.99 million (loss of $0.04 per share) versus net income of $0.48 million in the prior-year quarter, reflecting manufacturing inefficiencies and increased fixed costs that compressed gross margin (10.1% vs 15.3%).
Liquidity and capital structure shifted: cash fell to $1.0 million at June 30, 2025 from $7.7 million at year-end, total debt rose to $26.1 million with $17.6 million drawn on the revolving line, and six-month free cash flow was negative $20.9 million. Management disclosed a definitive agreement to sell Manitowoc assets for up to $13.8 million (expected to close in Q3 2025) and highlighted AMP tax credits recognized in 2025, although new legislation (OBBBA) eliminates AMP credits for components produced and sold after 2027.