Result drivers
- Industrial Solutions demand - Revenue rose 79% yr/yr in Industrial Solutions, driven by strong demand for natural gas turbine components
- Gearing segment growth - Gearing revenue grew 24% yr/yr, mainly on higher demand from power generation and oil & gas customers, partly offset by lower demand from steel customers
- Order momentum - Total orders rose 68% yr/yr, with broad-based growth across power generation, energy, and industrial markets
Quarterly results
- US precision manufacturer reported Q2 revenue up 67% yr/yr, missing analyst expectations
- Adjusted EBITDA for Q2 turned positive at $1.6 mln after prior-year loss
- Company completed exit from wind fabrications, focusing on power generation and infrastructure
Outlook and backlog
- Company expects to benefit from multi-year investment in electricity generation and infrastructure markets
- Broadwind says backlog for Industrial Solutions and Gearing segments rose 93% y/y as of June 30, 2026
- Company is actively evaluating investments to expand in power generation and infrastructure-weighted end-markets
Valuation and analyst coverage
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