Broadwind Reports 48% Revenue Growth and Record Industrial Solutions Backlog in Q3 2026
Broadwind, Inc. (BWEN) reported strong third-quarter results for 2026, highlighted by a 48% year-over-year revenue increase to $22.3 million. The growth was primarily driven by the Industrial Solutions segment, which achieved record order levels and a backlog of $57 million due to sustained demand for natural gas turbines. Additionally, the Gearing division returned to operating profitability for the first time since mid-2024. The company's strategic shift toward precision manufacturing and critical infrastructure was further bolstered by the recent acquisition of MCM, a supplier for the electrical transmission and distribution market. While GAAP results showed a loss due to prior year comparisons, adjusted EBITDA improved to $0.5 million from a loss in the previous year, reflecting better operating leverage and higher volumes across key segments.
Tickers: $BWEN
Topics: EBITDA improvement industrial solutions order backlog power generation revenue growth
Read the full article at Motley Fool
Part of the story Broadwind Reports 48% Revenue Growth and Record Industrial Solutions Backlog in Q3 2026 (4 articles)