Broadwind to Exit Wind-Tower Business, Withdraws 2026 Outlook After Abilene Sale

Overview

• Broadwind, which reported first-quarter results Tuesday, posted $34.1 million in revenue and a $0.5 million GAAP net loss.
• Total orders rose 23% to $37.4 million on stronger demand from power generation and industrial projects.
• The April sale of its Abilene, Texas plant generated about $17.2 million in cash to fund the shift out of wind-tower production.
• Management withdrew its 2026 outlook and said the wind exit should be complete in the third quarter of 2026, with about $10 million of net liquidity gained after debt paydowns.
• The core units accelerated, with Gearing revenue up 42% to $8.5 million and backlog at $30.5 million, while Industrial Solutions grew 64% to $9.2 million and built a record $43.3 million backlog as a North Carolina expansion lifts capacity by 30%.