Broadwind Energy ( (BWEN) ) has released its Q1 earnings. Here is a breakdown of the information Broadwind Energy presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Broadwind Energy, a diversified precision manufacturer specializing in components and solutions for global markets, has reported its financial results for the first quarter of 2025. The company operates primarily in the clean technology and industrial sectors, with a focus on wind energy and other specialized applications.
In the first quarter of 2025, Broadwind reported a total revenue of $36.8 million, experiencing a slight decline of 2.1% compared to the previous year. The company faced a net loss of $0.4 million, translating to a loss of $0.02 per diluted share. Despite these challenges, Broadwind’s total orders increased by 5% year-over-year, driven by strong demand for wind repowering adapters and natural gas turbine content.
Key financial metrics revealed a non-GAAP adjusted EBITDA of $2.4 million, representing 6.4% of total revenue. The Heavy Fabrications segment saw a revenue increase of 14.7%, while the Gearing and Industrial Solutions segments experienced declines due to reduced demand in mining, oil, and gas markets. The company’s net debt to trailing twelve-month non-GAAP adjusted EBITDA ratio stood at 1.4x.
Looking ahead, Broadwind’s management remains optimistic, reaffirming its full-year 2025 revenue and adjusted EBITDA guidance. The company plans to continue its diversification strategy, focusing on expanding into power generation and infrastructure markets. With a favorable policy environment and a strong domestic manufacturing base, Broadwind is well-positioned for profitable growth in the coming quarters.