BROADWIND, INC. 1Q 2026: Revenue $34.06M, EPS ($0.02) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.BROADWIND, INC. reported Q1 2026 results with revenue of $34.06M, down 7.5% from $36.84M a year ago, and a net loss of ($0.02) per diluted share. The decline in revenue was attributed to shifts in wind operations, although order momentum improved with a book-to-bill ratio of 1.1. The company plans to reclassify its wind business as discontinued operations starting Q2 2026 following the sale of its Abilene, TX facility. Gross margin improved despite early-quarter manufacturing inefficiencies.
BROADWIND, INC. reported first-quarter 2026 results with revenue of $34.06M, down from $36.84M a year earlier, and a net loss of ($0.02) per diluted share as the company navigates shifts in its wind-related operations and order intake trends.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $34.06M | $36.84M | (7.5%) |
| Net income² | ($495K) | ($370K) | (33.8%) |
| Diluted EPS³ | ($0.02) | ($0.02) | 0% |
¹ Reported as “Revenues”. ² Reported as “Net Loss”. ³ Reported as “Loss Per Common Share—Diluted”.
Business Highlights
- Consolidated revenue declined about 8% year-over-year; Gearing and Industrial Solutions grew while Heavy Fabrications fell as Manitowoc wind operations wind down.
- Order momentum improved with a book-to-bill of 1.1 and new orders of 37,422, driven by gas-turbine OEMs, aftermarket gas turbine projects and renewed wind tower orders.
- Company executed a sale agreement for its Abilene, TX Heavy Fabrications facility; the wind business will be reclassified as discontinued operations starting in Q2 2026.
- Q1 gross margin improved despite early-quarter manufacturing inefficiencies tied to raw material supply issues affecting Heavy Fabrications.
Original SEC Filing: BROADWIND, INC. [ BWEN ] - 10-Q - May. 12, 2026