Broadwind(US:BWEN)2025-05-13 11:00Financial 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].