BWEN

EX-99.1

2 exh_991.htm

PRESS RELEASE

EdgarFiling

EXHIBIT 99.1

Broadwind Announces Second Quarter 2026 Results

CICERO, Ill., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2026.

As previously announced, on April 30, 2026, the Company’s wholly owned subsidiary, Broadwind Heavy Fabrications, Inc. (“Heavy Fabrications”) entered into a definitive agreement under which Heavy Fabrications sold its production facility in Abilene, Texas (the “Facility”), including real property, equipment, machinery and other items, to IES Infrastructure for an aggregate purchase price of up to $19.5 million in cash and non-cash consideration in the form of a below market lease, subject to certain purchase price adjustments. The sale of the Facility resulted in the Company completing a strategic exit from wind fabrications. As such, the results of operations of the wind and industrial fabrication operations, excluding pressure reducing system (“PRS”) operations, have been reclassified to discontinued operations within Broadwind’s consolidated statements of operations and retrospectively for all periods presented beginning in the second quarter of 2026. Unless otherwise noted, the discussions and disclosure tables throughout this press release relate only to the Company’s continuing operations as disclosed.

SECOND QUARTER 2026 RESULTS

(As compared to the second quarter 2025)

Total revenue of $24.3 million, +67% y/y GAAP loss from continuing operations of ($0.7) million, or ($0.03) per diluted share Non-GAAP Adjusted EBITDA of $1.6 million, or 6.4% of total revenue* Total orders of $35.2 million, +68% y/y Liquidity at June 30, 2026 of $40.1 million ($31.3 million after adjusting for the minimum excess availability requirement), with $6.3 million of total debt and financing leases

*For a reconciliation of GAAP to non-GAAP metrics, please see the appendix of this release

MANAGEMENT COMMENTARY

“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,” stated Eric Blashford, President and CEO of Broadwind. “Customer demand was robust during the second quarter, as broad-based order momentum accelerated across our power generation, energy, and industrial verticals. Orders in our Industrial Solutions and Gearing segments organically increased 24% and 138%, respectively, when compared to the prior-year period.”

“Following our strategic exit from wind tower manufacturing, Broadwind is operating from a position of increased financial flexibility and strategic focus,” continued Blashford. "We are building a precision manufacturing platform positioned to benefit from a multi-year investment cycle in electricity generation, transmission and distribution. We believe our domestic manufacturing footprint, technical expertise and long-standing customer relationships position us well to capitalize on these favorable market conditions.”

“At a segment level, Industrial Solutions generated segment-level EBITDA margin of nearly 19% during the quarter, reflecting strong execution and a higher-value sales mix,” noted Blashford. “Within Gearing, profitability improved due to increased sales volume reflective of our recent elevated order levels.”

"As customer demand has strengthened, we've optimized utilization of our asset base and gained improved visibility into the remainder of 2026,” noted Blashford. “On a comparable basis, total backlog for our Industrial Solutions and Gearing segments increased a combined 93% as of June 30, 2026, when compared to the prior-year period. We ended the second quarter 2026 with a book-to-bill of 1.5x”

“Our capital allocation priorities remain centered on creating long-term shareholder value through a combination of sustained organic growth, together with opportunistic investments in complementary products and solutions within our targeted vertical markets,” concluded Blashford. “With a strengthened balance sheet and a streamlined operating structure, we are actively evaluating opportunities that seek to scale our precision manufacturing expertise within high-value power generation and infrastructure-weighted end-markets, including those with a proven track record of durable profitable growth.”

CONSOLIDATED SECOND QUARTER 2026 FINANCIAL RESULTS

Broadwind reported a loss from continuing operations of ($0.7) million, or ($0.03) per basic share in the second quarter 2026, compared to a loss of ($3.0) million, or ($0.13) per basic share, in the second quarter 2025. The Company reported Adjusted EBITDA, a non-GAAP measure, of $1.6 million in the second quarter compared to ($1.1) million in the prior year period. For a reconciliation of GAAP to non-GAAP metrics, please see the appendix of this

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