Broadwind (NASDAQ: BWEN) sells Abilene plant and exits wind market

Rhea-AI Filing Summary

Broadwind, Inc. completed the sale of its Abilene, Texas production facility and related assets for an aggregate purchase price of up to $19.5 million, with $1.0 million held in escrow until the facility is vacated. The company entered a short-term, below‑market leaseback expected to run through September 5, 2026, and granted the buyer an option to purchase additional equipment for $500,000.

This transaction, together with a prior Manitowoc facility sale, marks Broadwind’s strategic exit from the wind market and repositioning as a pure‑play precision manufacturer focused on power generation and critical infrastructure. The company withdrew its previously issued 2026 financial guidance following the deal and plans to provide updated commentary with its first‑quarter earnings release and call.

Positive

• None.

Negative

• Withdrawal of 2026 financial guidance — Broadwind withdrew its full-year 2026 outlook following the Abilene facility sale, meaning previously issued guidance “should not be relied upon” and no replacement forecast is yet provided.

Insights

Equity analyst

Broadwind exits wind towers, books $19.5M asset sale and pulls 2026 guidance.

Broadwind has sold its Abilene, Texas wind tower facility and related assets for up to $19.5 million, including a below‑market leaseback through September 5, 2026. The buyer also holds a $500,000 option on additional equipment, and $1.0 million of proceeds sit in escrow until Broadwind vacates.

This deal, following the earlier Manitowoc sale, completes a strategic exit from wind markets. In calendar 2025, Abilene’s wind operations (excluding PRS) generated $56.3 million of revenue and $9.7 million of Adjusted EBITDA, so Broadwind is divesting a sizable, profitable line to pivot toward power generation and critical infrastructure.

With the shift, Broadwind withdrew its full‑year 2026 financial guidance previously issued in March. That withdrawal is a material change for investors, as prior expectations are no longer valid; updated outlook and pro forma figures are expected in upcoming filings and the May 12 earnings call.

8-K Event Classification

4 items: 1.01, 2.01, 2.02, 9.01

4 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.01 Completion of Acquisition or Disposition of Assets Financial

The company completed a significant acquisition or sale of business assets.

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Abilene facility sale price: $19.5 million Equipment purchase option: $500,000 Escrow amount: $1.0 million +5 more

8 metrics

Abilene facility sale price $19.5 million Aggregate purchase price for Abilene real property and related assets

Equipment purchase option $500,000 Additional price if buyer exercises option for manufacturing equipment by lease end

Escrow amount $1.0 million Portion of sale proceeds held in escrow until facility is vacated

Abilene wind revenue 2025 $56.3 million Calendar-year 2025 wind operations revenue at Abilene, excluding PRS

Abilene Adjusted EBITDA 2025 $9.7 million Calendar-year 2025 Adjusted EBITDA from Abilene wind operations

Abilene leaseback end date September 5, 2026 Expected end of short-term, below‑market leaseback of facility

Employees affected Approximately 140 employees Wind tower manufacturing employees at Abilene expected to join buyer

Net income Abilene 2025 $5,403 thousand Net income used in Adjusted EBITDA reconciliation for Abilene wind operations

Key Terms

Purchase and Sale Agreement, Adjusted EBITDA, non-GAAP, Strategic Transactions, +2 more

6 terms

Purchase and Sale Agreement financial

"entered into a Purchase and Sale Agreement (the “Purchase Agreement”)"

A purchase and sale agreement is a legally binding contract that spells out exactly what is being bought or sold, the price, who must do what, the timeline, and any conditions that must be met before the deal closes — like a detailed recipe and checklist for a transaction. Investors care because this document determines when ownership or assets change hands, what risks or obligations remain, and which conditions (financing, approvals, inspections) could delay, alter, or void the deal and therefore affect a company’s value and stock price.

Adjusted EBITDA financial

"generated total revenue and Adjusted EBITDA of $56.3 million, and $9.7 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-GAAP financial

"The Company provides non-GAAP adjusted EBITDA ... as supplemental information"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

Strategic Transactions financial

"Manitowoc Transaction and, together with the Transaction, the “Strategic Transactions”"

Strategic transactions are planned deals a company makes to change its size, focus or capabilities—such as buying or selling businesses, forming partnerships, licensing assets, or merging with another firm. Investors care because these moves can reshape future revenue, costs and risks; like rearranging a toolbox to work more efficiently, a successful transaction can speed growth or cut expenses, while a poor one can drain cash and distract management.

forward-looking statements financial

"This release contains “forward-looking statements” — that is, statements related to future"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

financial guidance financial

"Broadwind has elected to withdraw its full-year 2026 financial guidance issued on March 11, 2026"

Financial guidance is the information that a company provides about its expected future financial performance, such as sales, profits, or expenses. It helps investors understand what the company aims to achieve and plan their decisions accordingly, much like a forecast or a roadmap that indicates the company's future direction. This guidance influences investor confidence and decision-making, as it offers insight into the company's outlook and growth expectations.

Understanding 8-K Material Events →

false 0001120370 0001120370 2026-04-30 2026-04-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 30, 2026

BROADWIND, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-34278	88-0409160
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3240 South Central Avenue

Cicero, Illinois 60804

(Address of Principal Executive Offices) (Zip Code)

(708) 780-4800

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.001 par value	BWEN	The NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01         Entry into a Material Definitive Agreement.

On April 30, 2026, (the “Closing Date”) Broadwind Heavy Fabrications, Inc. (the “Seller”), a wholly owned subsidiary of Broadwind, Inc. (the “Company”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Freeman Enclosure Systems, LLC, (the “Buyer”), a wholly-owned subsidiary of IES Holdings, Inc., pursuant to which the Seller sold the real property and certain assets contained therein which comprise the Seller’s production facility located in Abilene, Texas (the “Facility”), including equipment, machinery, other personal property, specified service contracts, and permits (collectively, the “Purchased Assets”), to the Buyer for an aggregate purchase price of up to $19,500,000.00 in cash, subject to certain purchase price adjustments, (the “Transaction”).  On the Closing Date, the Seller also entered into a short-term lease agreement with the Buyer, pursuant to which the Seller will lease the Facility and the Purchased Assets back from the Buyer for a nominal below-market rent for a term that is expected to end on or prior to September 5, 2026 (the “Lease”).  Under the Lease, Heavy Fabrications also granted the Buyer an option to purchase certain other manufacturing equipment for an additional purchase price of $500,000 by the end of the Lease term. 

A portion of the purchase price, $1,000,000.00 (the “Escrow Payment”), was delivered into escrow by the Buyer upon closing of the Transaction. The Escrow Payment will be held in escrow pursuant to the terms of an Escrow Holdback Agreement by and among the Seller, the Buyer and Centennial Title, LLC, as the escrow agent, and will be released to the Seller when the Seller vacates the Facility at the end of the Lease term, subject to certain adjustments and allocations as set forth in the Lease 

The Purchase Agreement contains customary representations, warranties and covenants of the Seller and the Buyer. The Seller’s representations and warranties survive until the later of the 90 day anniversary of the Closing Date or the date on which the Seller turns over possession of the Facility under the Lease. The Purchase Agreement also contains customary covenants and agreements by and among the parties, as well as customary mutual indemnification obligations.

The foregoing description of the terms of the Purchase Agreement is not complete and is qualified in its entirety by reference to the Purchase Agreement, which is included as Exhibit 2.1 to this current report on Form 8-K (this “Current Report”), the terms of which are incorporated by reference herein.

Item 2.01         Completion of Acquisition or Disposition of Assets.

On April 30, 2026, the Seller completed the Transaction. The assets sold in the Transaction consisted of real property plus certain equipment, machinery, other personal property, specified service contracts, and permits used in the Seller’s production facility located in Abilene, Texas.

The foregoing description of the terms of the Purchase Agreement is not complete and is qualified in its entirety by reference to the Purchase Agreement, which is included as Exhibit 2.1 to this current report on Form 8-K (this “Current Report”).

The Transaction was the result of the Company’s decision in 2026 to make a strategic shift away from wind markets.  The Company sold its Manitowoc, Wisconsin production facility on September 8, 2025, as further described in Item 2.01 of the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on September 10, 2025 (“Manitowoc Transaction” and, together with the Transaction, the “Strategic Transactions”). The Manitowoc Transaction resulted in the consolidation of the Company’s wind business in the Facility.  In 2026, the Company further evaluated its strategy and determined that it would sell the Facility, resulting in the Company’s exit from the wind market.

The Company intends to file an amendment to this Current Report to add unaudited pro forma financial information reflecting the impact of the Strategic Transactions on May 6, 2026.

Item 2.02.         Results of Operations and Financial Condition.

On May 5, 2026 the Company issued a press release announcing, among other things, that it is withdrawing its previously announced financial guidance for 2026 in connection with the closing of the Transaction. The Company anticipates giving further updates in its first quarter earnings release and earnings call, scheduled for Tuesday, May 12, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and the paragraph thereof entitled “Financial Guidance”, is incorporated herein by reference.

This information, as well as the paragraph of Exhibit 99.1 titled “Financial Guidance”, is intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01         Financial Statements and Exhibits.

(d)         Exhibits.

	Exhibit No.	Description
	2.1*	Purchase and Sale Agreement, dated as of April 30, 2026, by and between Broadwind Heavy Fabrications, Inc. and Freeman Enclosure Systems, LLC.
	99.1	Press Release dated May 5, 2026.

* The schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5) and Item 1.01, Instruction 4 of Form 8-K. The Company agrees to furnish supplementally a copy of all omitted schedules to the SEC upon its request. Certain portions of this exhibit are redacted pursuant to Regulation S-K Item 601(b)(10)(iv) because they are not material and are the type that the Company treats as private or confidential. The Company hereby agrees to furnish a copy of any redacted portion to the SEC upon request. 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BROADWIND, INC.

By: /s/ Eric B. Blashford

Eric B. Blashford

President and Chief Executive Officer

(Principal Executive Officer)

Date: May 5, 2026

EXHIBIT 99.1

BROADWIND ANNOUNCES STRATEGIC EXIT FROM WIND MARKET WITH SALE OF ABILENE FACILITY, PIVOTS TO BECOME PURE-PLAY PRECISION MANUFACTURER SUPPORTING POWER GENERATION AND CRITICAL INFRASTRUCTURE MARKETS; AND WITHDRAWS 2026 FINANCIAL GUIDANCE

Cicero, Ill., May 5, 2026 — Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that on April 30, 2026, the Company’s wholly-owned subsidiary, Broadwind Heavy Fabrications, Inc. (“Heavy Fabrications”) entered into a definitive agreement with IES Infrastructure, a wholly-owned subsidiary of IES Holdings, Inc. (NASDAQ: IESC), under which Heavy Fabrications has sold its production facility in Abilene, Texas (the “Facility”), including real property, equipment, machinery and other items, to IES Infrastructure for an aggregate purchase price of up to $19.5 million in cash and non-cash consideration in the form of a below market lease, subject to certain purchase price adjustments.

At closing, Heavy Fabrications entered into a short-term lease agreement with IES Infrastructure, pursuant to which Heavy Fabrications will lease the Facility and related assets from IES Infrastructure for nominal rent for a term that is expected to end on September 5, 2026, thereby ensuring an orderly transition of Heavy Fabrications’ existing customer orders produced at the Facility. Under the Lease, Heavy Fabrications also granted IES Infrastructure an option to purchase certain other manufacturing equipment for an additional purchase price of $500,000 by the end of the lease term. Heavy Fabrications will retain its modular pressure reducing systems (“PRS”) business and is expected to relocate those operations to another location by the end of the lease term. The majority of Heavy Fabrications’ approximately 140 employees operating the wind tower manufacturing business at the Facility are expected to become employees of IES Infrastructure at the conclusion of the short-term lease agreement term.

In calendar-year 2025, excluding PRS activity, the wind operations in the Abilene Facility generated total revenue and Adjusted EBITDA of $56.3 million, and $9.7 million, respectively. For a reconciliation of GAAP to non-GAAP metrics, please see the appendix of this release.

TRANSACTION RATIONALE

● Abilene Facility divestiture is a calculated sequel to the sale of the Manitowoc, Wisconsin facility in 2025, positioning Broadwind to strategically exit wind tower manufacturing. Through the sale of the Manitowoc and Abilene Facilities, Broadwind has exited manufacturing centers historically used for wind tower production. Following these divestitures, Broadwind has reinforced its strategic focus toward higher-value, growth centric power generation and critical infrastructure markets where demand for its gearing and industrial solutions capabilities remain in high demand.

● Strategic exit from Wind market reduces exposure to regulatory, legislative, and business risk. In recent years, Broadwind’s wind-related revenue has been largely concentrated with one large wind OEM customer, while wind project economics have been largely dependent on federal tax incentives that will expire by year-end 2027 under current government policy. Further, Broadwind estimates that significant excess domestic wind tower production capacity remains in the United States, creating the potential for tower price erosion and margin degradation over time. The Company believes that the monetization of the Abilene Facility positions Broadwind to redeploy capital from a high-value, underutilized asset toward new, higher-growth opportunities.

● Planned expansion of machining and specialty manufacturing capabilities, with a vertical market focus on power generation and critical infrastructure. Broadwind intends to selectively allocate cash proceeds from the sale of the Abilene Facility, in combination with other available liquidity, toward higher-margin, growth-oriented organic and inorganic investments.

● Acquisition strategy seeks to expand Broadwind’s domestic manufacturing footprint in high-value markets and capitalize on almost $300 million in net operating loss carryforwards (NOLs). In future years, the Company expects to generate sufficient taxable income to utilize its significant net operating loss carryforwards, supporting tax-efficient growth. Broadwind intends to target accretive, well-established markets, with a specific focus on Power Generation and Critical Infrastructure as data-center-driven power demand is expected to drive a multi-year secular investment cycle in the power grid.

MANAGEMENT COMMENTARY

“This is an important strategic moment for Broadwind where we have taken bold, decisive action to refocus the business on new, higher-value markets that we believe will drive sustained value creation in the years ahead,” stated Eric Blashford, President and CEO. “We have acted to shift our focus toward the Power Generation and Critical Infrastructure markets where our deep technical expertise and domestic manufacturing capabilities are in strong demand as the U.S. enters a multi-year investment cycle to support growing power generation, transmission, and distribution requirements. We look forward to providing additional detail during our upcoming earnings conference call scheduled for May 12, 2026.”

FINANCIAL GUIDANCE

Given the announced sale of the Abilene Facility, Broadwind has elected to withdraw its full-year 2026 financial guidance issued on March 11, 2026. Accordingly, the Company’s previously issued guidance should not be relied upon and is no longer reflective of current expectations.

ABOUT BROADWIND

Broadwind (Nasdaq: BWEN) is a precision manufacturer of structures, equipment and components for

power generation, critical infrastructure, and other specialized applications. With facilities throughout the U.S., our talented team is committed to helping customers maximize performance of their investments—quicker, easier and smarter. Find out more at www.bwen.com

NON-GAAP FINANCIAL MEASURES

The Company provides non-GAAP adjusted EBITDA (earnings before interest, income taxes, depreciation, amortization, share-based compensation and other stock payments, and may also exclude items including restructuring costs, impairment charges, other non-cash gains and losses, and the gain from the sale of the Manitowoc industrial fabrication operations, if applicable) as supplemental information regarding the Company’s business performance. The Company’s management uses this supplemental information when it internally evaluates its performance, reviews financial trends and makes operating and strategic decisions. The Company believes that this non-GAAP financial measure is useful to investors because it provides investors with a better understanding of the Company’s past financial performance and future results, which allows investors to evaluate the Company’s performance using the same methodology and information as used by the Company’s management. The Company's definition of adjusted EBITDA may be different from similar non-GAAP financial measures used by other companies and/or analysts.

FORWARD-LOOKING STATEMENTS

This release contains “forward-looking statements”—that is, statements related to future, not past, events—as defined in Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”), that reflect our current expectations regarding our future growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities, as well as assumptions made by, and information currently available to, our management. We have tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “expect,” “intend,” “will,” “should,” “may,” “plan” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements include any statement that does not directly relate to a current or historical fact. Our forward-looking statements may include or relate to our beliefs, expectations, plans and/or assumptions with respect to the following: (i) our expectations and beliefs with respect to our financial guidance as set forth in the Company’s press releases from time to time; (ii) the impact of global health concerns on the economies and financial markets and the demand for our products; (iii) state, local and federal regulatory frameworks affecting the industries in which we compete, including the wind energy industry, and the related phase out, extension, continuation or renewal of federal tax incentives and grants, including the advanced manufacturing tax credits and state renewable portfolio standards as well as new or continuing tariffs on steel or other products imported into the United States; (iv) our customer relationships and our substantial dependency on a few significant customers and our efforts to diversify our customer base and sector focus and leverage relationships across business units; (v) our ability to operate our business efficiently, comply with our debt obligations, manage capital expenditures and costs effectively, and generate cash flow; (vi) the economic and operational stability of our significant customers and suppliers, including their respective supply chains, and the ability to source alternative suppliers as necessary; (vii) our ability to continue to grow our business organically and through acquisitions; (viii) the production, sales, collections, customer deposits and revenues generated by new customer orders and our ability to realize the resulting cash flows; (ix) information technology failures, network disruptions, cybersecurity attacks or breaches in data security; (x) the sufficiency of our liquidity and alternate sources of funding, if necessary; (xi) our ability to realize revenue from customer orders and backlog; (xii) the economy and the potential impact it may have on our business, including our customers; (xiii) the state of the wind energy market and other energy and industrial markets generally, including the availability of tax credits, and the impact of competition and economic volatility in those markets; (xiv) the effects of market disruptions and regular market volatility, including fluctuations in the price of oil, gas and other commodities; (xv) competition from new or existing industry participants including, in particular, increased competition from foreign tower manufacturers; (xvi) the effects of the change of administrations in the U.S. federal government; (xvii) our ability to successfully integrate and operate acquired companies and to identify, negotiate and execute future acquisitions; (xviii) the potential loss of tax benefits if we experience an “ownership change” under Section 382 of the Internal Revenue Code of 1986, as amended; (xix) the effects of proxy contests and actions of activist stockholders; (xx) the limited trading market for our securities and the volatility of market price for our securities; (xxi) our outstanding indebtedness and its impact on our business activities (including our ability to incur additional debt in the future); and (xxii) the impact of future sales of our common stock or securities convertible into our common stock on our stock price. These statements are based on information currently available to us and are subject to various risks, uncertainties and other factors that could cause our actual growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities to differ materially from those expressed in, or implied by, these statements including, but not limited to, those set forth under the caption “Risk Factors” in Part I, Item 1A of our most recently filed Form 10-K, and in our other filings with the Securities and Exchange Commission. We are under no duty to update any of these statements. You should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties or other factors that could cause our current beliefs, expectations, plans and/or assumptions to change. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results.

IR CONTACT

Noel Ryan or Brian Hawthorne

BWEN@val-adv.com

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(IN THOUSANDS)
(UNAUDITED)

Wind Operations (Abilene, TX)		Twelve Months Ended December 31,
		2025
Net Income		$ 5,403
Interest Expense		1,036
Depreciation		2,875
Share-based Compensation and Other Stock Payments		352
Adjusted EBITDA (Non-GAAP)		$ 9,666

FAQ

What transaction did Broadwind (BWEN) announce involving its Abilene, Texas facility?

Broadwind sold its Abilene, Texas production facility and related assets for an aggregate purchase price of up to $19.5 million. The deal includes real property, equipment, machinery and other items, with part of the consideration delivered via a short-term, below‑market leaseback.

How does the Abilene facility sale affect Broadwind’s (BWEN) business focus?

The sale completes Broadwind’s strategic exit from the wind market, following an earlier Manitowoc facility divestiture. Management plans to reposition the company as a pure‑play precision manufacturer supporting power generation and critical infrastructure markets instead of wind tower manufacturing.

What financial performance did Broadwind’s Abilene wind operations generate before the sale?

In calendar-year 2025, Abilene wind operations, excluding PRS activity, produced $56.3 million in revenue and $9.7 million in Adjusted EBITDA. This indicates the divested business was a meaningful, profitable contributor before Broadwind chose to exit the wind market.

Did Broadwind (BWEN) change its 2026 financial guidance after the Abilene transaction?

Yes. Broadwind withdrew its full-year 2026 financial guidance that had been issued on March 11, 2026. The company stated that the prior guidance should not be relied upon and no updated forecast has yet been published in this disclosure.

What lease and escrow arrangements are tied to Broadwind’s Abilene facility sale?

Broadwind’s subsidiary entered a short-term, below‑market leaseback of the Abilene facility expected to end by September 5, 2026. Additionally, $1.0 million of the purchase price was placed into escrow, to be released when the seller vacates the facility, subject to agreed adjustments.

How many employees and operations are affected by Broadwind’s exit from wind at Abilene?

The release notes approximately 140 employees tied to the wind tower manufacturing business at Abilene. Most are expected to become employees of the buyer at the end of the lease term, while Broadwind retains and relocates its modular pressure reducing systems (PRS) business.

Filing Exhibits & Attachments

6 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 24.7 KB

Other Documents

• EX-2.1 EXHIBIT 2.1 87.2 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB