Broadwind, Inc.BWEN

NasdaqMaterialsNonferrous Foundries (Castings)
Price (close)
$4.23
Market cap
$100.1M
P/E
18.3x
Revenue (TTM)
$140.3M
Net income
$5.5M
Dividend yield
—
1-year total return
112.6%
Net margin
3.9%
Revenue growth
16.5%
Debt / equity
0.07x

What Broadwind, Inc. does.

As used in this Annual Report, the terms “we,” “us,” “our,” “Broadwind” and the “Company” refer to Broadwind, Inc., a Delaware corporation headquartered in Cicero, Illinois, and its wholly-owned subsidiaries (the “Subsidiaries”). Dollars are presented in thousands unless otherwise stated.

Broadwind is a precision manufacturer of structures, equipment and components for power generation, critical infrastructure, and other specialized applications. We provide technologically advanced high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, primarily in the United States of America (the “U.S.”). Our capabilities include but are not limited to the following: heavy fabrications, welding, metal rolling, coatings, gear cutting and shaping, gearbox manufacturing and repair, heat treatment, precision machining, assembly, engineering and packaging solutions.

We were incorporated in 1996 in Nevada as Blackfoot Enterprises, Inc., and through a series of subsequent transactions, became Broadwind Energy, Inc., a Delaware corporation, in 2008. Through acquisitions in 2007 and 2008, we focused on expanding upon our core platform as a wind tower manufacturer, established our Gearing segment, and developed and broadened our industrial fabrications capabilities. In early 2017, we acquired Red Wolf Company, LLC, a kitter and assembler of industrial components primarily supporting the global gas turbine market. In 2020, we rebranded to Broadwind, Inc., a reflection of our diversification progress to date and our continued strategy to expand our product and customer diversification outside of wind energy. Effective with our 2020 rebranding, we renamed certain segments. Our Towers and Heavy Fabrications segment was renamed to Heavy Fabrications and our Process Systems segment was renamed to Industrial Solutions. Our Gearing segment name remained the same.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$198.5M$145.6M$176.8M$203.5M$143.1M$158.1M
Net income-$1.5M-$2.4M-$9.7M$7.6M$1.2M$5.2M
Free cash flow$3.8M-$14.5M$13.5M-$13.4M$10.2M-$19.0M

More on BWEN.

Figures from Broadwind, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.