Broadwind Energy (NASDAQ:BWEN) reported lower consolidated first-quarter revenue as the company continued to wind down and divest parts of its heavy fabrication business, while management pointed to strong order growth and improving profitability in its Gearing and Industrial Solutions segments.
Chief Executive Officer Eric Blashford said the quarter reflected continued progress on the company’s “business transformation strategy,” with the Gearing and Industrial Solutions segments benefiting from demand tied to power generation and critical infrastructure markets. He said the company expects its strategic exit from wind tower production to be complete in the third quarter of 2026.
