Broadwind Inc. (NASDAQ:BWEN) reported fourth-quarter results on Wednesday that fell short of earnings expectations, even though revenue came in above analyst forecasts.
The company’s shares declined about 6.64% in pre-market trading following the release of the results.
Broadwind posted an adjusted loss of $0.04 per share for the fourth quarter, missing the analyst consensus estimate of a $0.01 loss per share.
Revenue increased 12.4% year over year to $37.7 million, surpassing the $34.97 million analysts had expected. Adjusted EBITDA for the quarter was $1.9 million, representing 5.0% of revenue, compared with $2.1 million in the same period last year.
The company said its fourth-quarter performance was affected by a disruption in raw material supply tied to an OEM customer’s directed-buy program, which reduced production throughput and operational efficiency during the quarter.
Broadwind added that it has taken corrective measures and expects manufacturing operations to return to normal during the first quarter of 2026.
“Our fourth quarter performance came in-line with the preliminary full-year results we issued in early February 2026,” said Eric Blashford, President and CEO. “Demand conditions were strong during the fourth quarter, supported by robust project activity across our Gearing and Industrial Solutions segments.”
For the full year 2025, the company reported revenue of $158.1 million, representing a 10.4% increase from the previous year, and net income of $5.2 million, or $0.23 per share.
Broadwind reaffirmed its revenue guidance for full-year 2026 at between $140 million and $150 million, with the midpoint of $145 million aligning with the current analyst consensus.
Orders rose 3% during the fourth quarter, while the backlog in the Industrial Solutions segment reached a record $38.1 million. The company ended the period with $25 million in cash and available liquidity and a net debt-to-trailing twelve-month adjusted EBITDA ratio of 1.6x.