Broadwind Q1 revenue beats estimates on gearing & industrial solutions growth

Broadwind

12/05/2026 12:10

Overview

US precision manufacturer reported Q1 revenue down 7.5% yr/yr but beat analyst expectations

Company posted Q1 net loss of $0.5 mln, or $0.02 per share

Revenue decline driven by lower Heavy Fabrication sales, partly offset by Gearing and Industrial Solutions growth

Outlook

Broadwind expects Gearing and Industrial Solutions to drive higher growth and profitability post-Wind exit

Company sees strong demand in power generation, industrial, mining, and natural gas turbine markets

Broadwind plans to pursue bolt-on acquisitions to accelerate growth in targeted markets

Result Drivers

HEAVY FABRICATIONS DECLINE - Revenue drop mainly due to lower Heavy Fabrications sales, impacted by sale of Manitowoc operations, lower PRS demand, and a raw material supply issue with an OEM customer

GEARING & INDUSTRIAL SOLUTIONS GROWTH - Gearing and Industrial Solutions segments saw revenue increases of 42% and 64%, driven by strong demand from power generation, mining, and natural gas turbine markets

ORDER GROWTH - Orders rose 23% yr/yr, led by power generation and critical infrastructure demand

Company press release: ID:nGNX9ZSfNx

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$34.10 mln
$32.72 mln (3 Analysts)
Q1 EPS
-$0.02
Q1 Net Income
-$500,000
Q1 Adjusted EBITDA
$2.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for Broadwind Inc is $3.00, about 47.8% above its May 11 closing price of $2.03

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)