Earnings Releases·Nov 12, 2026, 7:00 AM ET

Broadwind — Third Quarter 2026 Earnings Summary

Total revenue rose 48% year-over-year to $22.3 million, while GAAP loss from continuing operations widened to $1.0 million ($0.04/share) compared to $5.2 million income in the prior year; Non-GAAP Adjusted EBITDA turned positive at $0.5 million versus a $1.2 million loss previously.
Total orders increased 13% year-over-year to $33.7 million, with power generation-related orders comprising over 70% of the book, and both Gearing and Industrial Solutions segments delivering over 30% organic revenue growth.
Strategic transformation advanced with the April 2026 sale of the Abilene facility for $19.5 million to exit wind fabrications and the acquisition of MCM, which management expects to be immediately accretive and add higher-margin revenue streams.
Liquidity stood at $39.7 million at period-end, though pro forma adjustments for the MCM acquisition and credit facility amendment indicate total debt of approximately $13.0 million and available liquidity of $16.5 million.
Management reaffirmed a focus on integrating MCM, optimizing the asset base, and pursuing accretive bolt-on acquisitions to capitalize on domestic grid expansion, while noting risks related to MCM integration and potential regulatory or tax incentive changes.