Overview

* Broadwind ( BWEN ) Q2 revenue rises 7.6% y/y, beating analyst expectations

* Company reports Q2 net loss of $1.0 mln, adjusted EBITDA at $2.1 mln

* Co announces pending sale of Manitowoc operations, adding $13 mln to balance sheet

Outlook

* Broadwind ( BWEN ) suspends full-year 2025 guidance due to pending Manitowoc sale

* Company expects Manitowoc sale to close in Q3 2025

* Broadwind ( BWEN ) plans to update guidance post-Manitowoc sale closure

* Company anticipates improved profitability as production normalizes

Result Drivers

* WIND AND INDUSTRIAL SALES - Revenue rose 7.6% y/y in Q2, driven by increased sales in the wind and industrial verticals

* HEAVY FABRICATIONS GROWTH - Revenue in the Heavy Fabrications segment increased 27.4% y/y, driven by demand for wind tower sections and repowering adapters

* GEARING DECLINE - Revenue in the Gearing segment fell due to lower demand in domestic energy markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $39.20 $37.60

Revenue mln mln (3

Analysts

)

Q2 EPS -$0.04

Q2 Net -$1 mln

Income

Q2 $2.10

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

* Wall Street's median 12-month price target for Broadwind Inc ( BWEN ) is $4.00, about 37.7% above its August 11 closing price of $2.49

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)