Broadwind, Inc. filings document the regulatory record of a precision manufacturing company and its strategic shift away from wind markets. Recent 8-K and 8-K/A reports cover completed asset sales by Broadwind Heavy Fabrications, including the Abilene production facility and related pro forma financial information, along with prior Manitowoc asset-sale disclosures.
The company’s filings also report operating results, Regulation FD investor presentations, amendments to its credit agreement, term-loan repayment terms, and direct financial obligations. Proxy materials describe board matters, executive compensation, equity-award information, shareholder voting items and governance practices tied to Broadwind’s public-company structure.
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 first quarter 2026 revenue of $34.1 million, down 7.5% from the prior year, and a GAAP net loss of $0.5 million, or $0.02 per share. Consolidated non-GAAP adjusted EBITDA was $2.2 million, slightly below the $2.4 million recorded a year earlier.
The Heavy Fabrications segment saw revenue fall 35% to $16.4 million and adjusted EBITDA decline to $1.7 million, reflecting the sale of the Manitowoc operations, lower PRS demand, and a raw material supply issue. In contrast, Gearing revenue rose 42% to $8.5 million and Industrial Solutions revenue grew 64% to $9.2 million, both benefiting from strong power generation and natural gas turbine demand. Industrial Solutions delivered segment adjusted EBITDA of $1.8 million, or 19.1% of sales.
Total orders increased 23% year-over-year to $37.4 million, with Gearing and Industrial Solutions orders up 66% and 44%, respectively. Broadwind is exiting wind tower production, including the sale of its Abilene, Texas facility, which generated approximately $17.2 million of net cash proceeds, and is repositioning around higher-growth power generation and critical infrastructure markets. Net debt to trailing twelve-month adjusted EBITDA was 1.7x as of March 31, 2026.
Broadwind, Inc. filed an amended report to provide unaudited pro forma financial statements reflecting its strategic exit from the wind market, including the sale of its Abilene, Texas facility for up to $19.5 million in cash plus a $0.5 million equipment purchase option. The pro forma data show 2025 revenues of $60.8 million and a net loss from continuing operations of $9.9 million, and 2024 revenues of $66.7 million with net income of $1.5 million. These statements illustrate how Broadwind’s financial position and results would look after disposing of its wind-focused assets in Manitowoc and Abilene.
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.
Broadwind, Inc. is asking stockholders to vote at its 2026 virtual Annual Meeting on May 28, 2026 at 8:00 a.m. CDT to elect five directors, approve on a non-binding basis executive compensation, and ratify RSM US LLP as auditor for 2026.
Only holders of its common stock as of April 6, 2026 may vote, with 23,404,116 shares outstanding. Major holders include Grace & White, Inc. with 2,042,554 shares (8.7%) and the Broadwind Employees’ 401(k) with 1,417,088 shares (6.1%). The Board is majority independent, uses three standing committees, and reports on cyber and enterprise risk oversight.
In 2025 the company saw a 22% increase in orders and ended the year with nearly $25 million in cash and credit facility availability. Non‑employee directors each received $50,000 in cash fees and $40,000 in RSUs (21,164 units) for 2025. CEO Eric Blashford’s base salary rose to $455,000 in 2025, with target incentives tied mainly to EBITDA and working capital efficiency. Because 2025 consolidated EBITDA of $8,699,000 fell below the STIP threshold, formula bonuses for the CEO and CFO were zero, but the Board granted modest discretionary bonuses of $33,563 to the CEO and $12,141 to the CFO, while segment performance drove a $41,440 payout for the Industrial Solutions president.
Broadwind, Inc. reported that its Board of Directors approved discretionary cash incentives under its Short Term Incentive Program for 2025 for two top executives. On March 31, 2026, the Board awarded $33,562.50 to President and CEO Eric B. Blashford and $12,140.55 to Vice President and CFO Thomas A. Ciccone.
The Board stated that these awards reflect pay-for-performance principles and the need to retain key leaders as management continues executing the company’s strategic plan. Additional details on executive compensation will appear in the proxy statement for the 2026 Annual Meeting of Shareholders.
Broadwind, Inc. files its annual report describing a diversified manufacturing business serving wind power, gas turbines, oil and gas, mining and other industrial markets through Heavy Fabrications, Gearing and Industrial Solutions segments. The company produces wind towers, pressure reducing systems, gearing, gearboxes and complex kitted assemblies.
Backlog was about $96 million as of December 31, 2025, down 24% from the prior year, reflecting softer order trends. One customer, GE Vernova, provided more than 10% of consolidated revenues, and the five largest customers represented 80%, highlighting customer concentration risk.
The report stresses that changes in U.S. tax policy and trade rules are critical, including production and investment tax credits for wind, new limitations under the One Big Beautiful Bill Act, and time-limited advanced manufacturing credits. Broadwind had 341 employees, about 20% covered by unions under multi‑year collective bargaining agreements, and notes exposure to inflation, high interest rates, cybersecurity, environmental compliance and activist shareholder activity.
Broadwind, Inc. reported solid growth for 2025 and reiterated its 2026 outlook. Full-year 2025 revenue rose to $158.1 million, up 10.4% year-over-year, while GAAP net income increased to $5.2 million, or $0.23 per share. Adjusted EBITDA was $8.7 million, or 5.5% of revenue, excluding an $8.2 million gain from the sale of its Manitowoc industrial fabrication operations, which helped streamline the portfolio and improve liquidity.
Fourth-quarter 2025 revenue grew 12.4% year-over-year to $37.7 million, but the company posted a net loss of $0.9 million as margins were pressured by a raw material supply disruption in Heavy Fabrications. Industrial Solutions stood out with 60% revenue growth to $9.4 million and record backlog of $38.1 million, driven by strong natural gas turbine demand.
Management highlighted a net-debt-to-adjusted-EBITDA ratio of 1.6x at year-end and roughly $25 million of cash and availability under its credit facility. For 2026, Broadwind reaffirmed guidance for revenue of $140–$150 million and adjusted EBITDA of $8–$10 million, reflecting divestiture effects but expecting strong organic growth, particularly in power generation and critical infrastructure markets.
Advanced Drainage Systems, Inc. reported that its Employee Stock Ownership Plan (ESOP), held through Delaware Charter Guarantee & Trust Company dba Principal Trust Company as directed trustee, beneficially owns a stake in the company’s common stock.
The ESOP is shown with shared voting and dispositive power over 4,629,213 shares of common stock, representing 5.95% of the class. The plan itself is classified as an employee benefit plan subject to ERISA, and it certifies that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Advanced Drainage Systems.