Core Viewpoint - Broadwind has completed the sale of its industrial fabrication operations in Manitowoc, WI, as part of a strategy to streamline operations and focus on higher-margin precision manufacturing verticals [1][2][3] Transaction Overview - The sale, effective September 8, 2025, involved Broadwind Heavy Fabrications, Inc. selling certain assets to Wisconsin Heavy Fabrication, LLC for a total cash consideration of $13.5 million [3] Management Commentary - The CEO of Broadwind stated that the transaction will reduce operating costs by approximately $8 million annually and enhance asset utilization [2] - The company aims to capture growth opportunities in core power generation and infrastructure markets following the consolidation of operations into the Abilene, TX facility [2] Financial Guidance - For the full year 2025, Broadwind anticipates revenues in the range of $145 million to $155 million and adjusted EBITDA in the range of $9 million to $10 million [7]
Broadwind Completes Sale of Industrial Fabrication Operations in Wisconsin, Introduces Full-Year 2025 Financial Guidance