Revenue and EBITDA Growth
Broadwind reported revenue of $37 million and adjusted EBITDA of $2.4 million for Q1 2025, with sequential growth in both revenue and gross margin.
Order Rate Increase
Order rates increased by 5% year-over-year to $30 million, driven by stronger demand for wind repowering adapters and natural gas turbine content.
Heavy Fabrication and Industrial Solutions Order Growth
Orders within Heavy Fabrication increased by 10% year-over-year, and Industrial Solutions orders increased by 38% year-over-year, setting a new record for orders and backlog.
Strategic Market Wins
Gearing orders showed a 13% increase versus Q4 2024, with notable wins in the power generation market and an uplift in oil and gas gearing.
Full-Year Guidance Reiteration
The company reiterated its full-year 2025 revenue guidance of $140 million to $160 million and adjusted EBITDA guidance of $13 million to $15 million.