Broadwind, Inc. Common Stock 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- Broadwind reported second quarter 2026 consolidated revenues of $24.3 million, a 67% increase versus the prior year period.
- Adjusted EBITDA improved from a loss of $1.1 million in the prior year to a positive $1.6 million in the current year.
- Gearing segment orders increased 138% year over year to $16.2 million, with backlog at $37.6 million.
- Gearing segment revenue was $9 million, up sequentially and year over year, with adjusted EBITDA of $0.4 million compared to a loss of $0.1 million in the prior year.
- Industrial Solutions segment orders rose 24% year over year to a record $17.2 million, with backlog reaching $47.4 million.
- Industrial Solutions revenue increased 79% to $13.2 million, setting a quarterly record, and adjusted EBITDA improved to $2.5 million from $0.7 million in the prior year.
- Broadwind completed a 30% expansion of its Sanford, North Carolina facility to support higher sales volume and operational efficiency.
- The company ended Q2 with total cash and credit availability of more than $40 million, providing substantial financial flexibility.
- The heavy fabrication segment results, excluding pressure reducing systems, were reflected as discontinued operations following the April sale of the Abilene facility.
STOCKNOW INSIGHTS
Continue with outlook and guidance.
Log in to unlock executive comments and Q&A highlights.
Log in for the full summaryStockNow uses AI to translate and summarize earnings calls. Accuracy and completeness are not guaranteed.
Transcript
Preview the first five paragraphs, organized by speaker.
Reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Thomas Ciccone. Thank you. You may begin.
Good morning, and welcome to the Broadwind second quarter 2026 results conference call. Leading the call today is our CEO, Eric Blashford, and I'm Thomas Ciccone, the company's Vice President and Chief Financial Officer. We issued a press release before the market opened today detailing our second quarter results. I would like to remind you that management's commentary and responses to questions on today's conference call may include forward-looking statements, which, by their nature, are uncertain and outside of the company's control. Although these forward-looking statements are based on management's current expectations and beliefs, actual results may differ materially. For a discussion of some of the factors that could cause actual results to differ, please refer to the Risk Factors section of our latest annual and quarterly filings with the SEC.
Additionally, please note that you can find reconciliations of historical non-GAAP financial measures discussed during our call in the press release issued today. As noted in the press release issued this morning, in conjunction with the April sale of our Abilene facility, the results of the heavy fabrication segment, excluding pressure reducing systems, have been reflected as discontinued operations. Unless otherwise noted, the discussions today will relate to our continuing operations. At the conclusion of our prepared remarks, we'll open the line for questions. With that, I'll turn the call over to Tom.
Thanks, Tom, and welcome everyone to our call today. During the second quarter, we continued a successful strategic pivot toward becoming a pure-play precision manufacturing business focused on the domestic power generation and critical infrastructure markets. Customer demand was robust during the second quarter as momentum accelerated across our key verticals. Following our strategic exit from wind tower manufacturing over the last year, Broadwind is operating from a position of increased financial flexibility and strategic focus. Given the strong foundation of our core gearing and industrial solution segments, we are building a precision manufacturing platform positioned to benefit from what we expect will become a sustained multi-year investment cycle in electricity generation, transmission, and distribution, driven by accelerating load growth from AI data centers, a domestic manufacturing renaissance, a shift toward electrification alongside the need to replace and modernize an aging grid.
We believe our gearing and industrial solutions businesses position us for stronger, more stable growth trajectory than at any point in our history, characterized by attractive margin profiles, greater revenue visibility, and the potential for meaningfully improved earnings quality. Further, we believe our 100% domestic manufacturing footprint, technical expertise, and long-standing customer relationships position us well to capitalize on sustained momentum across our key vertical markets, providing customers with an integrated onshore solution for the most complex, large-scale manufacturing challenges. At a segment level, industrial solutions generated EBITDA margin of nearly 19% during the quarter, reflecting strong execution and a higher value sales mix. Within gearing, profitability also improved due to increased sales volume reflective of our recent elevated order levels.
FULL TRANSCRIPT
Continue the full translated transcript in StockNow.
Log in to unlock every statement, the English original, and speaker-by-speaker history.
Log in for the full transcriptCall participants
6 people spoke on this call — only 2 are shown here.
PARTICIPANT LIST
View participant details in StockNow.
Log in to see executives and analysts, their roles, and complete speaking history.
Log in to view all participantsKeep exploring