Broadwind Inc., a diversified precision manufacturer, announced its first quarter 2025 results, revealing a net loss of $0.4 million, or $0.02 per diluted share. This contrasts with the net income of $1.5 million, or $0.07 per diluted share, reported in the first quarter of 2024. The company's total revenue for the first quarter of 2025 was $36.8 million, marking a 2.1% decline year-over-year. This decrease was attributed to lower sales volume across the mining, oil & gas, and natural gas turbine end-markets, partially offset by stronger sales from the wind market. In the Heavy Fabrications segment, revenue increased by 14.7% compared to the prior year period, driven by increased demand for wind repowering adapters. Conversely, the Gearing segment experienced a 28.4% decrease in revenue, primarily due to reduced demand in the mining and oil & gas sectors. For the full year 2025, Broadwind reiterated its financial guidance, projecting total revenue between $140 million and $160 million, with adjusted EBITDA expected to range from $13 million to $15 million. Total orders as of March 31, 2025, increased by 5% year-over-year, amounting to $30.5 million. The company continues to focus on its strategic growth initiatives and market opportunities.
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