Financial Performance - Net revenues for Q1 2025 were $36,838, a 2.1% decrease from $37,616 in Q1 2024[100] - The company recorded a net loss of $370 in Q1 2025, compared to a net income of $1,510 in Q1 2024, representing a 124.5% decline[101] - Adjusted EBITDA for Q1 2025 was $2,368, down from $4,170 in Q1 2024, a decrease of 43.2%[98] Orders and Backlog - Total orders received in Q1 2025 were $30,455, an increase of 5.0% from $28,996 in Q1 2024[99] - Backlog at the end of Q1 2025 was $116,957, down from $159,912 in Q1 2024, reflecting a decrease of 26.8%[97] - Industrial Solutions segment orders increased by 38% compared to the prior year, driven by new gas turbine projects[99] - Gearing segment revenue decreased by 28% year-over-year, primarily due to reduced shipments to oil and gas customers[110] Capital Expenditures and Debt - Capital expenditures in Q1 2025 were $916, a decrease of 47.5% from $1,744 in Q1 2024[97] - As of March 31, 2025, total debt was $12,191, an increase from $7,690 in the previous year[97] - As of March 31, 2025, outstanding notes payable for capital expenditures amounted to $1,527 million, with monthly payments ranging from $1 to $20 and an interest rate of approximately 7%[117] Cash Flow and Liquidity - For the three months ended March 31, 2025, net cash used in operating activities totaled $8,037 million, a significant increase compared to net cash provided of $5,857 million in the prior year period[124] - The company reported a net decrease in cash of $6,517 million for the three months ended March 31, 2025, compared to a decrease of $26 million in the same period of 2024[123] - Net cash provided by financing activities for the three months ended March 31, 2025, was $2,436 million, an increase from net cash used of $4,139 million in the prior year period[126] - The company anticipates that current cash resources and available credit will be adequate to meet liquidity needs for at least the next twelve months[120] - The increase in net cash used in operating activities during the current year was primarily due to an increase in inventory and a decrease in customer deposits[124] - The company may encounter cash flow and liquidity issues if assumptions regarding production and sales do not align with management's expectations[121] - If operational performance deteriorates, the company may lose access to the 2022 Credit Facility, impacting operational flexibility and requiring additional financing[122] Regulatory and Stock Information - A shelf registration statement on Form S-3 was filed on September 22, 2023, allowing the company to offer securities for general corporate purposes until October 12, 2026[118] - The company has approximately $11,667 million in common stock available for issuance under a Sales Agreement as of March 31, 2025[119] Segment Performance - Operating income for the Heavy Fabrications segment increased by $195, attributed to higher segment revenue despite a less profitable product mix[109]

Financial Data and Key Metrics Changes - First quarter consolidated revenues were $36,800,000, a 2% decrease year over year, but a sequential increase of almost 10% due to stronger demand for wind repowering [10] - Adjusted EBITDA margin was 6.4%, primarily affected by low capacity utilization and a lower margin mix of products sold across all segments [10] - First quarter orders totaled $30,500,000, an increase of 5% compared to the prior year [11] Business Line Data and Key Metrics Changes - Heavy Fabrication segment revenue was $25,200,000, up 15% year over year, driven by increased demand for wind tower adapters [12] - Gearing revenue was $6,000,000, down 28% year over year due to softness in the oil and gas gearing market, partially offset by strength in wind and industrial sectors [8][13] - Industrial Solutions revenue was $5,600,000, down 29% year over year, primarily due to timing of aftermarket shipments in the natural gas turbine market [9][14] Market Data and Key Metrics Changes - Orders in the Heavy Fabrication business increased 10% year over year, reflecting strong demand for wind repowering adapters [5] - Industrial Solutions segment recorded over $10,000,000 in orders, surpassing the previous record, with a backlog of nearly $23,000,000 [14] - Gearing orders were down approximately $2,500,000 year over year but showed sequential improvement [12] Company Strategy and Development Direction - The company is focusing on expanding its product mix within higher margin adjacent markets and investing in equipment technology to improve process capabilities [6][7] - There is a strategic shift towards stable recurring project revenue streams across diverse end markets, particularly in power generation and grid hardening [19] - The company is also evaluating export opportunities and expanding its service and commercial teams for its Clean Fuels PRS line [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the domestic onshore wind tower activity continuing at its current rate through 2026, with sustained demand for repowering adapters [18] - The company anticipates full year revenue to be in the range of $140,000,000 to $160,000,000 and adjusted EBITDA to be between $13,000,000 and $15,000,000 [16] - Management acknowledged supply chain challenges but expects improvements in revenue totals over the balance of 2025 [15] Other Important Information - The company ended the first quarter with approximately $23,000,000 in cash and availability on its credit facility [16] - A tax credit of approximately $2,500,000 was recognized in Q1 [58] Q&A Session Summary Question: Discussion on Heavy Fabrications segment and revenue trends - Management noted strong demand for repowering adapters and expects revenue to increase in the Heavy Fabrication segment through 2025, particularly in Manitowoc [25][27] Question: Impact of tariffs on cost structure - Management indicated that tariffs have a minor impact due to supply chain adjustments made by OEM partners, with some materials sourced from less impacted countries [29][30] Question: Outlook for gearing demand amid low oil prices - Management acknowledged a lull in oil and gas gearing but noted stronger orders in the power generation sector, indicating potential growth opportunities [32][33] Question: Assessment of Industrial Solutions segment performance - Management confirmed that the drop in revenue was primarily due to supply chain delays, which have been largely resolved [40][41] Question: Revenue expectations for the PRS product line - Management anticipates that the PRS line could contribute between $15,000,000 and $20,000,000 to revenue in 2026, with expectations for similar gross margins [46][49]

Financial Data and Key Metrics Changes - The company's first quarter consolidated revenues were $36.8 million, a 2% decrease year-over-year, but a nearly 10% increase sequentially due to stronger demand for wind repowering [10] - Adjusted EBITDA margin was 6.4%, primarily affected by low capacity utilization and a lower margin product mix across all segments [10] - First quarter orders totaled $30.5 million, a 5% increase compared to the same period last year [11] Business Line Data and Key Metrics Changes - Heavy Fabrication segment revenue was $25 million, up 15% year-over-year, driven by increased demand for wind tower adapters [8] - Gearing revenue was $6 million, down 28% year-over-year due to softness in the oil and gas gearing market, partially offset by strength in wind and industrial sectors [8] - Industrial Solutions revenue was $5.6 million, down 29% year-over-year, primarily due to timing issues with aftermarket shipments in the natural gas turbine market [9] Market Data and Key Metrics Changes - Orders in the Heavy Fabrication business increased 10% year-over-year, reflecting strong demand for wind repowering adapters [5] - Industrial Solutions segment orders surpassed $10 million, setting a new record, with a backlog of nearly $23 million at the end of the first quarter [14] - Gearing orders were down approximately $2.5 million year-over-year but showed sequential growth, indicating a potential recovery in the market [12] Company Strategy and Development Direction - The company is focusing on expanding its product mix within higher margin adjacent markets and investing in equipment technology to improve process capabilities and profitability [6][7] - There is a strategic shift towards stable recurring project revenue streams across diverse end markets, particularly in power generation and natural gas turbines [18] - The company is also evaluating export opportunities and expanding its service and commercial teams for its Clean Fuels PRS line [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the domestic onshore wind tower activity continuing at its current rate through 2026, supported by sustained demand for repowering adapters [17] - The company anticipates full-year revenue to be in the range of $140 million to $160 million, with adjusted EBITDA between $13 million and $15 million [16] - Management noted that supply chain issues experienced in Q1 are expected to be temporary, with improvements anticipated in subsequent quarters [14] Other Important Information - The company ended the first quarter with approximately $23 million in cash and availability on its credit facility, reflecting a return to normal operating levels [15] - A significant inventory build occurred in Q1 as the company prepared for a new tower run-in and transitioned to a new tower design [15] Q&A Session Summary Question: Can you discuss the heavy fabrications segment and the repowering opportunity? - Management noted strong demand for repowering adapters and expects revenue to increase in the heavy fabrications segment through 2025, particularly in Manitowoc [25][27] Question: How are tariffs affecting your cost structure? - Management indicated that while some components are sourced overseas, the impact of tariffs is minor due to proactive supply chain adjustments [29][30] Question: What is the outlook for the gearing market given the drop in oil prices? - Management acknowledged a lull in oil and gas gearing but noted stronger orders in power generation, indicating potential growth opportunities despite low oil prices [32][33] Question: Is the drop in Industrial Solutions revenue solely due to supply chain issues? - Management confirmed that the revenue drop was primarily due to supply chain delays, which are expected to be resolved [39][40] Question: What are the revenue expectations for the PRS product line in 2026? - Management anticipates that the PRS product line could contribute between $15 million and $20 million, representing about 10% of total revenue [46][48]

Financial Performance - Broadwind Energy reported a quarterly loss of $0.02 per share, better than the Zacks Consensus Estimate of a loss of $0.03, and compared to earnings of $0.07 per share a year ago, indicating an earnings surprise of 33.33% [1] - The company posted revenues of $36.84 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.56%, although this represents a decline from year-ago revenues of $37.62 million [2] Stock Performance - Broadwind Energy shares have declined approximately 14.4% since the beginning of the year, contrasting with the S&P 500's decline of only 0.6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $39.55 million, and for the current fiscal year, it is $0.07 on revenues of $152.66 million [7] Industry Outlook - The Manufacturing - General Industrial industry, to which Broadwind Energy belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Financial Performance Summary - Total revenue decreased year-over-year to $36.8 million in 1Q25 from $37.6 million in 1Q24[15] - Gross profit decreased year-over-year to $4.3 million in 1Q25 from $6.6 million in 1Q24[15] - Adjusted EBITDA decreased year-over-year to $2.4 million in 1Q25 from $4.2 million in 1Q24[16] - GAAP Net Income turned into a loss of $0.4 million in 1Q25, compared to a profit of $1.5 million in 1Q24[17] - Gross margin decreased year-over-year to 11.7% in 1Q25[14] - Adjusted EBITDA margin decreased year-over-year to 6.4% in 1Q25[14] Segment Performance - Heavy Fabrications segment revenue increased to $25.2 million in 1Q25 from $22.0 million in 1Q24[20] - Heavy Fabrications segment orders increased by 10.4% year-over-year to $12.4 million in 1Q25[19, 21] - Gearing segment revenue decreased by 28.4% year-over-year in 1Q25[25] - Industrial Solutions segment orders increased by 38% year-over-year in 1Q25[32] Balance Sheet - Cash and LOC availability at quarter-end was $22.6 million in 1Q25[39, 40] - Net leverage was 1.4x at March 31, 2025[39]

Financial Performance - Broadwind reported a net loss of ($0.4) million, or ($0.02) per diluted share in Q1 2025, compared to net income of $1.5 million, or $0.07 per diluted share in Q1 2024[4]. - Total revenue for Q1 2025 was $36.8 million, a decline of 2.1% year-over-year, primarily due to lower sales in mining, oil & gas, and natural gas turbine markets[5]. - Adjusted EBITDA for Q1 2025 was $2.4 million, representing 6.4% of total revenue, down from $4.2 million in the prior year[4][9]. - Revenues for Q1 2025 were $36,838,000, a decrease of 2.07% compared to $37,616,000 in Q1 2024[28]. - Gross profit for Q1 2025 was $4,326,000, down 34.67% from $6,637,000 in Q1 2024[28]. - Operating income for Q1 2025 was $184,000, a significant decline from $2,078,000 in Q1 2024[29]. - Net loss for Q1 2025 was $370,000, compared to a net income of $1,510,000 in Q1 2024[29]. Orders and Revenue Segments - Total orders increased by 5% year-over-year to $30.5 million, driven by demand for wind repowering adapters and natural gas turbine content[6][9]. - Total orders for Q1 2025 were $30,455,000, an increase of 5.04% from $28,996,000 in Q1 2024[33]. - The Heavy Fabrications segment saw a revenue increase of 14.7% to $25.2 million, primarily due to higher demand for wind repowering adapters[12]. - The Gearing segment experienced a revenue decline of 28.4% to $6.0 million, mainly due to reduced demand in mining and oil & gas markets[14]. - The Industrial Solutions segment's revenue decreased by 29.3% to $5.6 million, attributed to lower shipments of natural gas turbine content[16]. - Adjusted EBITDA for Q1 2025 was $2,368,000, down 43.14% from $4,170,000 in Q1 2024[36]. - Heavy Fabrications segment revenues increased to $25,248,000 in Q1 2025 from $22,016,000 in Q1 2024[33]. Financial Position - As of March 31, 2025, Broadwind had total cash and availability of $22.6 million, with a net debt to trailing twelve-month adjusted EBITDA ratio of 1.4x[7][10]. - Total current liabilities increased to $45,112,000 in Q1 2025 from $43,557,000 in Q4 2024[26]. - Total stockholders' equity decreased slightly to $59,309,000 in Q1 2025 from $59,400,000 in Q4 2024[26]. - Cash at the end of Q1 2025 was $1,204,000, a decrease from $1,073,000 at the end of Q1 2024[30]. Future Outlook - The company reiterated its full-year 2025 revenue guidance, projecting total revenue between $140 million and $160 million[18]. - Management expects steady improvements in order activity across diverse end-markets for the remainder of the year[8].

Core Insights - Broadwind reported a net loss of $0.4 million, or $0.02 per diluted share, in Q1 2025, a decline from a net income of $1.5 million, or $0.07 per diluted share, in Q1 2024 [3] - Total revenue for Q1 2025 was $36.8 million, down 2.1% year-over-year, primarily due to lower sales in mining, oil & gas, and natural gas turbine markets, partially offset by increased sales in the wind market [4][8] - Adjusted EBITDA for Q1 2025 was $2.4 million, representing 6.4% of total revenue, compared to $4.2 million in the prior year [3][8] Financial Performance - Revenue in the Heavy Fabrications segment increased by 14.7% to $25.2 million, driven by demand for wind repowering adapters [11] - The Gearing segment saw a revenue decline of 28.4% to $6.0 million, primarily due to lower demand in mining and oil & gas markets [13] - The Industrial Solutions segment's revenue decreased by 29.3% to $5.6 million, attributed to lower shipments for natural gas turbine content [15] Orders and Backlog - Total orders increased by 5% year-over-year to $30.5 million, with significant demand for repowering adapters and natural gas turbine content [5][8] - The Industrial Solutions segment achieved record levels in both orders and backlog for the second consecutive quarter [5] - The consolidated backlog decreased sequentially to $117.0 million as of March 31, 2025 [5] Management Commentary - The CEO noted that customer activity is strengthening, with orders increasing 5% year-over-year, and emphasized the company's focus on diversification in growing markets like power generation and infrastructure [7] - The company expects steady improvements in order activity across diverse end-markets for the remainder of the year [7] - Investments in machining capabilities and quality certifications are seen as providing a competitive advantage in the power generation market [7] Segment Results - Heavy Fabrications segment reported operating income of $2.2 million, up from $2.0 million in the prior year [11] - Gearing segment reported an operating loss of $0.9 million, compared to an operating income of $0.03 million in the prior year [13] - Industrial Solutions segment reported operating income of $0.3 million, down from $1.8 million in the prior year [15] Financial Guidance - Broadwind reiterated its financial guidance for full-year 2025, projecting total revenue between $140 million and $160 million and adjusted EBITDA between $13 million and $15 million [17]

Company Announcement - Broadwind (Nasdaq: BWEN) will release its first quarter 2025 financial results before the market opens on May 13, 2025 [1] - A conference call is scheduled for the same day at 11:00 a.m. ET to discuss the financial results and recent events [1] Conference Call Details - A webcast of the conference call and presentation materials will be available on the Company's Investor Relations website [2] - To participate in the live teleconference, the dial-in number is 877-407-9716 [2] - A replay of the teleconference will be available until May 20, 2025, with the replay number being 844-512-2921 and Conference ID: 13752898 [2] Company Overview - Broadwind is a precision manufacturer of structures, equipment, and components for clean tech and specialized applications [3] - The Company operates facilities throughout the U.S. and aims to help customers maximize the performance of their investments [3]

Group 1 - Broadwind Energy, Inc. (BWEN) closed at $1.68, with a daily increase of +1.82%, outperforming the S&P 500 which gained 0.13% [1] - Over the past month, BWEN shares have increased by 13.01%, contrasting with the Industrial Products sector's decline of 10.03% and the S&P 500's decline of 6.3% [1] Group 2 - The upcoming earnings per share (EPS) for Broadwind Energy, Inc. are projected at -$0.03, indicating a 142.86% decrease from the same quarter last year [2] - Quarterly revenue is estimated to be $33.94 million, down 9.8% from the previous year [2] Group 3 - For the entire fiscal year, earnings are projected at $0.07 per share, with revenue expected to be $152.66 million, reflecting increases of +40% and +6.65% respectively from the prior year [3] Group 4 - Recent adjustments to analyst estimates for Broadwind Energy, Inc. indicate evolving short-term business trends, with positive revisions suggesting analyst optimism about the company's profitability [4] Group 5 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Broadwind Energy, Inc. at 3 (Hold) [6] Group 6 - Broadwind Energy, Inc. has a Forward P/E ratio of 25.39, which is a premium compared to its industry's Forward P/E of 19.11 [7] - The Manufacturing - General Industrial industry, part of the Industrial Products sector, has a Zacks Industry Rank of 171, placing it in the bottom 32% of over 250 industries [7]

Core Viewpoint - Broadwind Energy, Inc. is experiencing a challenging financial outlook with expected earnings decline and revenue drop, while its stock performance has shown resilience compared to broader market indices [1][2][3]. Financial Performance - In the latest trading session, Broadwind Energy, Inc. closed at $1.58, reflecting a +1.28% increase from the previous day, outperforming the S&P 500's loss of 5.98% [1]. - Analysts anticipate Broadwind Energy to report earnings of -$0.03 per share, indicating a year-over-year decline of 142.86%, with projected net sales of $33.94 million, down 9.8% from the previous year [2]. - For the full year, the Zacks Consensus Estimates predict earnings of $0.07 per share and revenue of $152.66 million, representing increases of +40% and +6.65% respectively from last year [3]. Analyst Estimates - Recent changes in analyst estimates for Broadwind Energy should be monitored, as they reflect short-term business trends and analyst sentiment regarding the company's profitability [4]. - The Zacks Rank system indicates that Broadwind Energy currently holds a rank of 3 (Hold), with a significant downward shift of 80.3% in the EPS estimate over the past month [6]. Valuation Metrics - Broadwind Energy's Forward P/E ratio stands at 24, which is higher than the industry average of 18.82, suggesting a premium valuation compared to its peers [7]. - The Manufacturing - General Industrial industry, which includes Broadwind Energy, has a Zacks Industry Rank of 143, placing it in the bottom 43% of over 250 industries [7].