CICERO, Ill., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and equipment serving global markets, today announced that the Company has received $11 million in new tower orders from a leading global wind turbine manufacturer. Broadwind will manufacture the towers at its Abilene, Texas facility. The Company expects to fulfill the entirety of the combined tower orders during the first quarter of 2026. “These orders w ...

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]

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].

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]

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].

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]

Core Insights - ZJK Industrial Co., Ltd. has integrated a six-flap eccentric chuck into its production line, enhancing efficiency and reducing workpiece deformation risks [1][5] - The chuck's unique design allows for precise clamping of irregularly shaped workpieces, improving production capabilities [2][3] Company Overview - ZJK Industrial specializes in high-tech precision parts for various industries, including AI infrastructure, consumer electronics, and electric vehicles [1][8] - The company has over fourteen years of experience in precision metal parts manufacturing, supported by a skilled team and advanced automated equipment [8] Technological Innovation - The six-flap eccentric chuck features a patented design that adapts to the geometric center of workpieces, minimizing manual alignment needs [3][4] - This innovation allows for even distribution of clamping force, reducing deformation risks for thin-walled parts [4][5] Market Opportunity - The demand for bespoke components is increasing, driven by the growth of the AI server market and advancements in robotics and industrial automation [6][7] - ZJK's new chuck technology positions the company to capitalize on the rising need for irregular components in high-growth segments [7]

CICERO, Ill., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the "Company"), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2025. SECOND QUARTER 2025 RESULTS Broadwind reported a net loss of ($1.0) million, or ($0.04) per diluted share in the second quarter 2025, compared to net income of $0.5 million, or $0.02 per diluted share, in the second quarter 2024. The Company reported adjusted EBITDA ...

Financial Data and Key Metrics Changes - Revenue reached $241 million, representing reported revenue growth of 2% and organic revenue declines of 2% [7] - Adjusted gross margins held at 46% and adjusted EBITDA margin was 22%, both in line with expectations [8][29] - Non-GAAP adjusted earnings per share was $0.76, up 4% versus the prior year [29] - Operating cash flow for the quarter was $15 million compared to $41 million in the prior year, primarily driven by timing of tax payments and increased inventory purchases [29][30] Business Line Data and Key Metrics Changes - New product revenue grew by over 50% year over year, with a vitality index climbing to 21% of total sales [33] - Advanced surgery business experienced 17% growth year over year, driven by strong patient procedural growth rates [35] - Robotics and automation business unit revenue was up nearly 16% year over year, with a book to bill ratio of 1.05 [34] - Precision medicine business saw a 13% decline in sales year over year, but grew 10% sequentially [35] Market Data and Key Metrics Changes - Sales to medical device markets remained strong, driving sustained double-digit growth in advanced surgery [11] - Sales to industrial capital equipment saw declines year over year, but revenue has stabilized and bookings are rising at a double-digit pace [18] - Total China sales were up 15% year over year, despite challenges related to tariffs [80] Company Strategy and Development Direction - Long-term growth strategy focuses on markets with secular tailwinds such as precision and AI-driven robotics, minimally invasive surgery, and precision medicine [10] - The company aims to expand its portfolio into high-growth areas, increasing recurring consumables revenue to approximately 15% of sales [11] - The acquisition of Keon Technologies is expected to enhance the company's capabilities in RFID and AI-enhanced cloud-based software [30][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving $50 million of incremental new product revenue for 2025, mainly due to strong outlook for next-generation medical devices [12] - The company is optimistic about the growth in physical AI applications, expecting sales to double in 2026 versus 2025 [15] - Management acknowledged the impact of tariffs but indicated that mitigation strategies are in place, with a focus on regional manufacturing [37][40] Other Important Information - The company expects full-year 2025 GAAP revenue to be approximately $970 million to $985 million, representing overall revenue growth of 2% to 4% [41] - Adjusted EBITDA for the full year of 2025 is expected to be $225 million to $230 million, or approximately a 23% EBITDA margin [42] - The company has a strong balance sheet and credit facility, positioning it well for future acquisitions [47] Q&A Session Summary Question: Can you break down your revenue guidance? - The full year guidance indicates reported organic growth will likely be down 1% to up 1% [53] Question: What is the FX implied impact for benefit? - The FX impact is expected to carry forward from the second quarter [55] Question: What are the biggest drivers of organic growth in 2026? - Key drivers include advanced surgery product ramps, physical AI applications, and strong design wins [60][64] Question: Have we seen the low point for the year in industrial and precision medicine? - Management believes the industrial business has reached its bottom and will improve sequentially [72] Question: What is the status of the $35 million held up due to tariffs? - This amount is factored into guidance, and recovery is not assumed yet [79] Question: Can you elaborate on the warehouse robotics win? - The technology involves sensing and fast, safe reactions, essential for advanced warehouse automation [90]

Company Announcement - Broadwind (Nasdaq: BWEN) will release its second quarter 2025 financial results before the market opens on August 12, 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] - The live teleconference can be accessed at 877-407-9716, with a replay available until August 19, 2025, at 844-512-2921 [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]