Revenue: As of FY2026 Q1, the actual value is USD 34.06 M, beating the estimate of USD 32.72 M.EPS: As of FY2026 Q1, the actual value is USD -0.02.EBIT: As of FY2026 Q1, the actual value is USD 1.197 M.<h4>Consolidated Financial Performance</h4>Broadwind, Inc. reported net revenues of $34,057 thousand for the three months ended March 31, 2026, a decrease from $36,838 thousand in the prior year period. Gross profit increased to $4,693 thousand in 2026 from $4,326 thousand in 2025, while operating income rose to $389 thousand in 2026 from $184 thousand in 2025. The net loss for the period was - $495 thousand in 2026, compared to a net loss of - $370 thousand in the prior year, primarily due to an increase in interest expense.<h4>Key Financial Measures</h4><ul><li>Adjusted EBITDA: $2,209 thousand (2026) vs. $2,368 thousand (2025).</li><li>Capital Expenditures: $2,778 thousand (2026) vs. $916 thousand (2025).</li><li>Free Cash Flow: - $1,430 thousand (2026) vs. - $8,100 thousand (2025).</li><li>Operating Working Capital: $38,746 thousand (2026) vs. $28,839 thousand (2025).</li><li>Total Debt: $10,753 thousand (2026) vs. $12,191 thousand (2025).</li><li>Total Orders: $37,422 thousand (2026) vs. $30,455 thousand (2025).</li><li>Backlog at end of period: $99,099 thousand (2026) vs. $116,957 thousand (2025).</li><li>Book-to-bill: 1.1 (2026) vs. 0.8 (2025).</li></ul><h4>Segmented Performance</h4><h5>Heavy Fabrications Segment</h5><ul><li>Orders: $9,667 thousand (2026) vs. $12,391 thousand (2025), representing a 22% decrease.</li><li>Revenues: $16,367 thousand (2026) vs. $25,248 thousand (2025), a 35% decrease, primarily due to lower wind repowering, industrial fabrication product line revenues, and PRS unit shipments.</li><li>Operating Income: $787 thousand (2026) vs. $2,241 thousand (2025).</li><li>Operating Margin: 4.8% (2026) vs. 8.9% (2025).</li><li>AMP Credits: Gross AMP credits of $2,772 thousand were recognized in both 2026 and 2025, recorded as a reduction to cost of sales.</li><li>Capital Expenditures: $1,792 thousand (2026) vs. $861 thousand (2025).</li></ul><h5>Gearing Segment</h5><ul><li>Orders: $13,187 thousand (2026) vs. $7,960 thousand (2025), a 66% increase, driven by improved demand from most markets, especially power generation.</li><li>Revenues: $8,454 thousand (2026) vs. $5,966 thousand (2025), a 42% increase, due to increased shipments to power generation and mining customers.</li><li>Operating Loss: - $57 thousand (2026) vs. - $892 thousand (2025), a decrease in loss primarily from higher sales.</li><li>Operating Margin: -0.7% (2026) vs. -15.0% (2025).</li><li>Capital Expenditures: $946 thousand (2026) vs. $26 thousand (2025).</li></ul><h5>Industrial Solutions Segment</h5><ul><li>Orders: $14,568 thousand (2026) vs. $10,104 thousand (2025), an increase due to new and aftermarket gas turbine projects.</li><li>Revenues: $9,236 thousand (2026) vs. $5,647 thousand (2025), an increase primarily from higher shipments to aftermarket gas turbine customers.</li><li>Operating Income: $1,626 thousand (2026) vs. $330 thousand (2025).</li><li>Operating Margin: 17.6% (2026) vs. 5.8% (2025).</li><li>Capital Expenditures: $24 thousand (2026) vs. $0 (2025).</li></ul><h5>Corporate and Other</h5><ul><li>Operating Loss: - $1,967 thousand (2026) vs. - $1,495 thousand (2025), an increase primarily due to higher self-insured medical expenses.</li><li>Capital Expenditures: $16 thousand (2026) vs. $29 thousand (2025).</li></ul><h4>Cash Flow Summary</h4><ul><li>Net cash provided by (used in) operating activities: $2,905 thousand (2026) vs. - $8,037 thousand (2025).</li><li>Net cash used in investing activities: - $2,688 thousand (2026) vs. - $916 thousand (2025).</li><li>Net cash provided by financing activities: $270 thousand (2026) vs. $2,436 thousand (2025).</li><li>Cash at end of period: $943 thousand (2026) vs. $1,204 thousand (2025).</li></ul><h4>Debt and Credit Agreements</h4>As of March 31, 2026, total debt for Broadwind, Inc. was $10,753 thousand, with $4,807 thousand in long-term debt net of current maturities. The company had $9,603 thousand outstanding under the 2022 Credit Facility and an additional borrowing capacity of $15,436 thousand. Subsequent to quarter-end, Broadwind, Inc. repaid an additional $1,420 thousand on the senior secured term loan following the sale of its Abilene production facility.<h4>Strategic Outlook and Guidance</h4>Broadwind, Inc. expects the sale of its Abilene, Texas production facility and prior disposition of Manitowoc to meet discontinued operations reporting criteria in the second quarter of 2026, indicating a significant strategic shift. The company anticipates reclassifying the results of the wind business within the Heavy Fabrications segment to discontinued operations retrospectively for all periods starting in Q2 2026. Broadwind, Inc. projects that current cash, available credit, cash from operations, and potential proceeds from sales will provide adequate liquidity for at least the next twelve months.

Broadwind | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 34.06 M