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]