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Broadwind Announces Third Quarter 2025 Results
Globenewswire· 2025-11-13 12:00
Core Insights - Broadwind reported a strong third quarter for 2025, with total revenue of $44.2 million, representing a 25% increase year-over-year [4][6] - The company achieved a GAAP net income of $7.5 million, or $0.32 per diluted share, compared to a net income of $0.1 million, or $0.00 per diluted share, in the same quarter of 2024 [5][4] - Total orders surged by nearly 90% year-over-year, driven by significant demand in power generation and renewables markets [2][4] Financial Performance - Total revenue for the third quarter was $44.2 million, up 25% from $35.5 million in Q3 2024 [4][6] - GAAP net income was $7.5 million, compared to $0.1 million in the prior year [5][4] - Non-GAAP Adjusted EBITDA was $2.4 million, excluding an $8.2 million gain from the sale of industrial fabrication operations [5][4] Segment Performance - Heavy Fabrications segment revenue increased by 43% to $29.4 million, driven by demand for wind tower sections [9][6] - Gearing segment sales declined by 23% to $7.1 million due to lower demand from industrial and mining sectors [11][6] - Industrial Solutions segment sales grew by 37% to $7.9 million, primarily due to strong demand for natural gas turbine content [13][6] Orders and Guidance - Total orders for the third quarter reached $43.6 million, a 90% increase from the previous year [4][7] - The company raised its full-year 2025 revenue guidance, reflecting confidence in growth opportunities within power generation and infrastructure markets [2][16] Strategic Actions - The company completed the sale of its industrial fabrication operations in Wisconsin, resulting in a gain of $8.2 million [2][3] - Broadwind has $26.8 million in cash and available liquidity to support its growth strategy [2][7] - The company aims to focus on returns-driven capital allocation, prioritizing investments in new product innovation and strategic acquisitions [2][4]
TechPrecision Corporation Schedules Conference Call to Report Fiscal 2026 Second Quarter Financial Results
Accessnewswire· 2025-11-12 13:30
Core Points - TechPrecision Corporation plans to release its financial results for the 2026 fiscal second quarter on November 13, 2025, after market close [1] - A conference call is scheduled for 4:30 p.m. on the same day to discuss the financial results [1]
Broadwind Announces Third Quarter 2025 Results Conference Call and Webcast Date
Globenewswire· 2025-10-30 11:00
Core Points - Broadwind will release its third quarter 2025 financial results on November 13, 2025, before market opening [1] - A conference call to discuss the results and recent events will take place on the same day at 11:00 a.m. ET [1] - The company is a diversified precision manufacturer serving global markets with specialized components and equipment [1][3] Company Information - Broadwind (Nasdaq: BWEN) specializes in manufacturing structures, equipment, and components for clean tech and other specialized applications [3] - The company operates facilities throughout the U.S. and aims to help customers maximize the performance of their investments [3]
NN, Inc. to Hold Third Quarter 2025 Earnings Conference Call on Thursday, October 30, 2025
Globenewswire· 2025-10-16 20:05
Core Viewpoint - NN, Inc. is set to release its third quarter 2025 financial results on October 29, 2025, with a conference call scheduled for October 30, 2025, at 9:00 a.m. E.T. [1] Company Information - NN, Inc. is a global diversified industrial company that specializes in engineering and manufacturing high-precision components and assemblies for various markets [3] - The company is headquartered in Charlotte, North Carolina, and operates facilities across North America, Europe, South America, and Asia [3] Investor Relations - Investors and interested parties can participate in the conference call by registering through the company's Investor Relations website [2] - A replay of the conference call will be available on NN's website until October 31, 2026 [2] - Contact information for investor relations includes Joe Caminiti and Stephen Poe, reachable via email at NNBR@alpha-ir.com or by phone at 312-445-2870 [4]
Broadwind Awarded $11 Million in New Tower Orders
Globenewswire· 2025-10-08 22:00
Core Points - Broadwind has received $11 million in new tower orders from a leading global wind turbine manufacturer, which will be manufactured at its Abilene, Texas facility and fulfilled in the first quarter of 2026 [1][2] - The company aims to increase utilization across its precision manufacturing system, focusing on throughput optimization and asset efficiency to drive improved operating leverage and profitable growth in core power generation markets [2] Company Overview - Broadwind (Nasdaq: BWEN) is a precision manufacturer of structures, equipment, and components for clean tech and specialized applications, with facilities throughout the U.S. [2]
NN, Inc. Executive Management to Present at the iAccess Alpha Virtual Best Ideas Fall Investment Conference
Globenewswire· 2025-09-12 11:00
Company Overview - NN, Inc. is a global diversified industrial company that specializes in engineering and manufacturing high-precision components and assemblies [3] - The company is headquartered in Charlotte, North Carolina, and has facilities across North America, Europe, South America, and Asia [3] Upcoming Events - Members of the executive management team will present at the iAccess Alpha Virtual Best Ideas Fall Investment Conference on September 16, 2025 [1] - The presentation will be led by Harold Bevis (President and CEO), Chris Bohnert (CFO), and Tim French (COO) at 9:00 AM ET [1] - Following the presentation, there will be 1x1 meetings with registered investors on September 17 [1] Investor Relations - A live webcast of the management's presentation will be available on the company's Investor Relations website [2] - A replay of the presentation will be accessible shortly after the event on the same website [2] - For inquiries, investors can contact Joe Caminiti or Stephen Poe via the provided email and phone number [4]
Broadwind Announces New Share Repurchase Program
Globenewswire· 2025-09-10 20:17
Core Viewpoint - Broadwind has announced a share repurchase program of up to $3 million, reflecting the company's confidence in its long-term value creation potential [1][3]. Group 1: Share Repurchase Program - The share repurchase program allows the company to buy back shares through open market transactions and privately negotiated purchases, in compliance with applicable securities laws [2]. - The program is designed to provide flexibility in returning capital to shareholders while maintaining a disciplined approach to capital allocation [3]. Group 2: Company Positioning - Following the divestiture of its Wisconsin-based industrial fabrication operations, Broadwind is positioned as a leaner and better-capitalized organization, focusing on high-value precision manufacturing markets [3]. - The timing and amount of share repurchases will depend on market conditions, the company's financial position, debt maturities, and cash flow [3]. Group 3: Company Overview - Broadwind is a precision manufacturer of structures, equipment, and components for clean tech and specialized applications, with facilities across the U.S. [4].
Broadwind Completes Sale of Industrial Fabrication Operations in Wisconsin, Introduces Full-Year 2025 Financial Guidance
Globenewswire· 2025-09-10 20:15
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]
NN, Inc. Executive Management to Present at the Lake Street Capital Markets 9th Annual Best Ideas Growth Conference
Globenewswire· 2025-09-02 20:05
Core Viewpoint - NN, Inc. will participate in the Lake Street Capital Markets 9th Annual Best Ideas Growth (BIG8) Conference on September 11, 2025, with CFO Chris Bohnert attending [1]. Company Overview - NN, Inc. is a global diversified industrial company that specializes in engineering and manufacturing high-precision components and assemblies [3]. - The company combines advanced engineering and production capabilities with materials science expertise to serve various global markets [3]. - Headquartered in Charlotte, North Carolina, NN, Inc. operates facilities across North America, Europe, South America, and Asia [3]. Investor Engagement - The executive management of NN, Inc. will conduct one-on-one and group meetings with registered investors and analysts during the conference [2].
Feintool reaches agreement with employee representatives in Sachsenheim on realignment of Business Unit Stamping Europe – Part of production in Sachsenheim to remain in operation
Globenewswire· 2025-08-22 16:00
Core Points - Feintool has reached a significant milestone in the realignment of its Business Unit Stamping Europe, relocating automotive sector activities from Sachsenheim to other plants while retaining part of the operation for industrial applications [1][2] - The restructuring process, initially planned to close the Sachsenheim site, will now allow approximately 230 jobs to remain at the nearby locations of Vaihingen and Sachsenheim, slightly below the previously announced 250 positions [2] - The adjustment of capacities in the Business Unit Stamping Europe is expected to be completed by 2026, aiming to improve profitability [3] - The restructuring program will incur costs of around CHF 47 million, fully provisioned in the 2024 financial year, with expected annual savings of CHF 15 million once the realignment is completed [4] - The implementation of the restructuring will focus on socially responsible solutions, offering affected employees a choice between a voluntary program and a social plan [5] - The realignment is intended to strengthen Feintool's competitiveness and secure a sustainable future in Europe [6] - CEO Lars Reich emphasized the importance of the agreement in the transformation process, highlighting job security and the creation of a competitive basis for the future [7] - Feintool is a leader in electrolamination stamping, fineblanking, and forming, supplying high-quality precision parts to various industries, including automotive and renewable energy [8][9] - Founded in 1959, Feintool operates 18 production sites globally, employing 3,100 staff and 80 vocational trainees [10]