Broadwind swings to Q3 net loss of $2.39 million; revenue rises 48% to $22.3 million
BWEN•Broadwind reported a third-quarter net loss of $2.39 million as revenue rose 48% to $22.3 million. Orders increased 13% to $33.7 million, and the company said its MCM acquisition is expected to be immediately accretive.
1. Quarterly results
Broadwind swung to a third-quarter 2026 loss from continuing operations of $950,000, compared with a profit a year earlier. Revenue rose 48% to $22.3 million, driven by higher Gearing and Industrial Solutions demand and increased PRS revenue.
2. Orders and acquisition
Total orders climbed 13% to $33.7 million, primarily driven by record Industrial Solutions orders and higher PRS orders. Broadwind said its acquisition of electrical transmission and distribution component supplier MCM is expected to be immediately accretive.
