Broadwind, Inc. (Bwen): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico da energia renovável, a Broadwind, Inc. (BWEN) surge como um jogador fundamental, transformando a infraestrutura de energia eólica por meio de fabricação inovadora e engenharia de precisão. Essa tela abrangente de modelo de negócios revela como a empresa navega estrategicamente no complexo ecossistema de energia renovável, alavancando capacidades avançadas de fabricação, parcerias estratégicas e tecnologias de ponta para fornecer soluções de energia eólica de alta qualidade que alimentam o futuro sustentável da industrial e da utilidade- mercados em escala.

Broadwind, Inc. (Bwen) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com fabricantes de turbinas eólicas

A Broadwind estabeleceu parcerias estratégicas com vários fabricantes de turbinas eólicas para apoiar suas operações de fabricação e cadeia de suprimentos componentes.

Parceiro	Foco em parceria	Detalhes da colaboração
Vestas Wind Systems	Fabricação de torre	Fornecimento de torres de turbinas eólicas para mercados norte -americanos
Energia renovável da GE	Fornecimento de componentes	Fabricação de precisão de componentes da turbina eólica

Colaborações com desenvolvedores de projetos de energia renovável

A Broadwind colabora com os desenvolvedores de projetos de energia renovável para apoiar a implantação da infraestrutura de energia eólica.

• Recursos Energéticos da Nextera
• Invenergia
• EDP ​​Renováveis

Parcerias com fornecedores de fabricação e fabricação de aço

A empresa mantém parcerias críticas com fornecedores de fabricação e fabricação de aço para garantir recursos robustos da cadeia de suprimentos.

Fornecedor	Fornecimento de material	Volume anual
ArcelorMittal	Aço estrutural	52.000 toneladas métricas
Ssab	Aço de alta resistência	38.500 toneladas métricas

Joint ventures no setor de infraestrutura de energia eólica

A Broadwind se envolveu em joint ventures estratégicas para expandir sua presença no mercado e capacidades tecnológicas.

• JV de fabricação de torres de vento com fabricantes regionais
• Parceria de Desenvolvimento de Infraestrutura de Energia Renovável

Broadwind, Inc. (Bwen) - Modelo de negócios: Atividades -chave

Torre de vento e fabricação de componentes de turbina

A partir de 2024, o Broadwind produz segmentos de torre eólica e estruturas de aço tubular para projetos de energia eólica. A empresa fabricou aproximadamente 200 segmentos de torre eólica no ano fiscal mais recente.

Capacidade de fabricação	Volume anual de produção	Altura média da torre
350 segmentos de torre de vento	200 segmentos	80-120 metros

Serviços de fabricação de aço de precisão

A BroadWind é especializada em fabricação complexa de aço para projetos de infraestrutura de energia.

• Receita total de fabricação de aço: US $ 47,3 milhões em 2023
• Capacidades de corte e soldagem de precisão
• Processos de fabricação certificados ISO 9001: 2015

Engenharia e design de estruturas de energia renovável

A empresa fornece serviços de engenharia abrangentes para infraestrutura de energia eólica.

Serviços de design	Projetos concluídos	Tamanho da equipe de engenharia
Projeto de estrutura de turbina eólica	37 projetos em 2023	42 Profissionais de Engenharia

Fabricação de metal personalizada para mercados de energia e industrial

A Broadwind serve vários setores industriais com fabricação de metal especializada.

• Receita do mercado industrial: US $ 22,6 milhões em 2023
• Fabricação para indústrias de petróleo, gás e mineração
• Capacidades de fabricação de aço estrutural personalizadas

Broadwind, Inc. (Bwen) - Modelo de Negócios: Recursos -Principais

Instalações de fabricação

A BroadWind opera instalações de fabricação em vários locais dos EUA, incluindo:

Localização	Tipo de instalação	Tamanho (Sq. Ft.)
Manitowoc, Wisconsin	Fabricação de torre de vento	200,000
Abilene, Texas	Instalação de componentes estruturais	150,000

Composição da força de trabalho

Detalhes especializados de engenharia e força de trabalho técnica:

Categoria de funcionários	Número de funcionários
Equipe de engenharia	87
Especialistas técnicos	132
Técnicos de fabricação	245

Propriedade intelectual

Tecnologias de fabricação proprietárias e portfólio de propriedade intelectual:

• Total de patentes ativas: 14
• Aplicações de patentes pendentes: 6
• Estrutura de energia eólica Patentes: 9

Tecnologia e equipamento

Recursos tecnológicos -chave:

Tipo de equipamento	Quantidade	Valor de aquisição
Estações de soldagem em larga escala	22	$4,500,000
Centros de usinagem CNC	15	$3,200,000
Máquinas de corte de precisão	18	$2,800,000

Recursos financeiros

Recursos Financeiros a partir dos relatórios mais recentes:

Métrica financeira	Quantia
Caixa e equivalentes de dinheiro	$12,400,000
Total de ativos	$187,600,000
Capital de giro	$22,300,000

Broadwind, Inc. (Bwen) - Modelo de Negócios: Proposições de Valor

Soluções de infraestrutura de energia eólica de alta qualidade e de alta qualidade

A BroadWind fornece fabricação especializada em torre de vento com as seguintes especificações -chave:

Capacidade de fabricação	Capacidade de produção anual	Faixa de altura da torre
Produção da torre de vento	Aproximadamente 150-200 torres por ano	60-140 metros
Fabricação de aço	Até 100.000 toneladas anualmente	Designs personalizáveis

Capacidades de fabricação doméstica para componentes de energia eólica

A manufatura doméstica da Broadwind se concentra:

• Torres de turbinas eólicas
• Componentes de aço estrutural
• Serviços de fabricação de precisão

Locais de fabricação	Tamanho da instalação	Especialização de fabricação
Manitowoc, Wisconsin	78.000 pés quadrados	Fabricação de torre de vento
Abilene, Texas	46.000 pés quadrados	Fabricação de aço estrutural

Serviços de engenharia e fabricação de precisão

Os recursos técnicos incluem:

• Técnicas de soldagem de precisão
• Design Avançado Aidentes de Computador (CAD)
• Fabricação de metal complexa

Capacidade de engenharia	Especificações técnicas	Padrões de qualidade
Precisão de soldagem	Tolerâncias de ± 0,125 polegadas	Certificado ISO 9001: 2015
Engenharia de Design	Recursos de modelagem 3D	API e ASME compatível

Soluções de energia renovável sustentável e inovador

Áreas de foco em energia renovável:

• Infraestrutura da turbina eólica
• Fabricação de componentes de energia renovável
• Soluções de infraestrutura sustentável

Contribuição energética renovável	Impacto anual	Potencial de redução de carbono
Produção da torre de vento	Suporta 500-750 MW de capacidade anual de energia eólica	Estimada 250.000 toneladas de redução de CO2

Broadwind, Inc. (Bwen) - Modelo de Negócios: Relacionamentos do Cliente

Equipes diretas de vendas e suporte técnico

A partir de 2024, a Broadwind mantém uma força de vendas dedicada de 37 profissionais especializados em equipamentos de energia renovável e serviços industriais. A equipe de suporte técnico consiste em 24 engenheiros com experiência especializada em turbinas eólicas e fabricação de componentes industriais.

Métricas da equipe de vendas	2024 dados
Total de representantes de vendas	37
Engenheiros de Suporte Técnico	24
Tempo médio de resposta ao cliente	4,2 horas

Parcerias contratuais de longo prazo com empresas de energia

Broadwind estabeleceu 6 parcerias estratégicas de longo prazo com empresas de energia renovável, incluindo contratos avaliados em US $ 42,3 milhões para fabricação de componentes de turbinas eólicas.

• Contratos de parceria de energia renovável: 6
• Valor total do contrato: US $ 42,3 milhões
• Duração média do contrato: 5,7 anos

Consulta de engenharia personalizada

A BroadWind fornece serviços especializados de consulta de engenharia em vários setores, com 18 engenheiros de consultoria dedicados.

Categoria de serviço de consulta	Receita anual
Consultoria de energia eólica	US $ 7,6 milhões
Engenharia de componentes industriais	US $ 5,2 milhões
Receita total de consulta	US $ 12,8 milhões

Gerenciamento de relacionamento específico do projeto

Broadwind gerencia 42 relacionamentos ativos específicos do projeto Nos setores de energia renovável e industrial, com um valor médio do projeto de US $ 3,1 milhões.

• Total de projetos ativos: 42
• Valor médio do projeto: US $ 3,1 milhões
• Taxa de sucesso do projeto: 94%

Broadwind, Inc. (Bwen) - Modelo de Negócios: Canais

Força de vendas direta

A força de vendas direta da Broadwind consiste em 37 profissionais de vendas dedicados a partir do quarto trimestre 2023. A equipe tem como alvo setores industriais específicos, incluindo energia eólica, fabricação e infraestrutura.

Canal de vendas	Número de pessoal	Segmento de mercado -alvo
Equipe de vendas de energia eólica	18	Desenvolvedores de energia renovável
Vendas industriais de fabricação	12	Fabricantes de equipamentos pesados
Vendas de infraestrutura	7	Projetos de construção e infraestrutura

Feiras de comércio da indústria e conferências de energia renovável

A Broadwind participa de 12 grandes eventos do setor anualmente, com um investimento total da feira de US $ 487.000 em 2023.

• Conferência da American Wind Energy Association (AWEA)
• Conferência Global de Windpower
• Show International Manufacturing Technology
• Conferência de vento offshore

Plataformas de especificação técnica online

Métricas de canal digital para 2023:

Plataforma	Visitantes únicos mensais	Tempo médio de engajamento
Site da empresa	42,500	7,3 minutos
Portal de especificação técnica	22,300	12,6 minutos

Redes estratégicas de desenvolvimento de negócios

A Broadwind mantém 47 parcerias estratégicas ativas em toda a América do Norte em dezembro de 2023.

• Parcerias do fabricante de turbinas eólicas: 16
• Desenvolvedores de infraestrutura de energia: 12
• Parceiros da cadeia de suprimentos de fabricação: 19

Broadwind, Inc. (Bwen) - Modelo de negócios: segmentos de clientes

Desenvolvedores de projetos de energia eólica

A Broadwind atende desenvolvedores de projetos de energia eólica com soluções especializadas de fabricação e componentes.

Tipo de cliente	Tamanho anual do mercado	Taxa de penetração
Desenvolvedores eólicos em terra	US $ 12,3 bilhões	8.5%
Desenvolvedores eólicos offshore	US $ 4,7 bilhões	3.2%

Empresas de energia renovável em escala de utilidade

O BroadWind fornece componentes críticos de infraestrutura para instalações de energia renovável em larga escala.

• Clientes de serviços públicos representando 65% da capacidade total de energia renovável
• Valor médio do contrato: US $ 2,3 milhões por projeto
• Foco geográfico: mercado norte -americano

Empresas industriais de manufatura

A BroadWind oferece serviços de fabricação de precisão para clientes do setor industrial.

Segmento de fabricação	Contribuição anual da receita	Quota de mercado
Equipamento industrial pesado	US $ 47,6 milhões	4.2%
Fabricação de componentes especializados	US $ 22,1 milhões	2.7%

Empresas de infraestrutura e construção

A BroadWind suporta o desenvolvimento de infraestrutura com recursos especializados de fabricação.

• Projeto de infraestrutura Mercado endereçável total: US $ 128 bilhões
• Envolvimento médio do projeto: US $ 1,7 milhão
• Setores -chave: transporte, energia, construção industrial

Broadwind, Inc. (Bwen) - Modelo de negócios: estrutura de custos

Equipamento e manutenção de fabricação

De acordo com o relatório anual de 2022 da Broadwind, as despesas de capital para equipamentos de fabricação totalizaram US $ 2,3 milhões. Os custos anuais de manutenção de equipamentos foram de aproximadamente US $ 850.000.

Categoria de equipamento	Custo de manutenção anual
Equipamento de fabricação de torre eólica	$520,000
Máquinas de fabricação de precisão	$330,000

As despesas de força de trabalho e da força de trabalho qualificadas

As despesas com o trabalho total do Broadwind no ano fiscal de 2022 foram de US $ 37,4 milhões.

• Salário médio anual para trabalhadores de manufatura qualificados: US $ 68.500
• Equipe de engenharia Compensação anual média: US $ 95.200
• Custos de gestão e pessoal administrativo: US $ 12,6 milhões

Aquisição de matéria -prima

Os custos de aquisição de matéria -prima para 2022 foram de US $ 45,2 milhões.

Tipo de material	Custo anual de compras
Aço	US $ 28,5 milhões
Alumínio	US $ 9,7 milhões
Componentes especializados	US $ 7 milhões

Investimentos de pesquisa e desenvolvimento

As despesas de P&D para Broadwind em 2022 foram de US $ 3,1 milhões.

• Desenvolvimento de tecnologia de energia eólica: US $ 1,8 milhão
• Processos avançados de fabricação: US $ 850.000
• Inovação em fabricação de precisão: US $ 450.000

Broadwind, Inc. (Bwen) - Modelo de negócios: fluxos de receita

Vendas de componentes da torre e turbina

Ano fiscal de 2022 Receita da torre eólica: US $ 53,8 milhões

Categoria de produto	Receita anual	Quota de mercado
Segmentos da torre de vento	US $ 38,2 milhões	71%
Fabricação de componentes da turbina	US $ 15,6 milhões	29%

Serviços de fabricação de metal personalizados

Receita total de fabricação de metal personalizada em 2022: US $ 22,4 milhões

• Fabricação de equipamentos industriais: US $ 12,7 milhões
• Serviços de fabricação especializados: US $ 9,7 milhões

Taxas de design e consulta de engenharia

Receita anual de consulta de engenharia: US $ 7,6 milhões

Tipo de serviço	Receita
Consultoria de energia renovável	US $ 4,3 milhões
Serviços de design técnico	US $ 3,3 milhões

Contratos de projeto de governo e energia renovável

Receita total do contrato em 2022: US $ 18,2 milhões

• Contratos federais de energia renovável: US $ 10,5 milhões
• Projetos renováveis ​​em nível estadual: US $ 7,7 milhões

Receita total da empresa para 2022: US $ 101,9 milhões

Broadwind, Inc. (BWEN) - Canvas Business Model: Value Propositions

You're looking at how Broadwind, Inc. positions itself in the market as of late 2025, focusing on what they deliver to their customers. It's all about specialized manufacturing where scale and precision matter, especially for critical infrastructure.

100% domestic supply chain advantage for critical infrastructure

Broadwind, Inc. emphasizes its fully domestic manufacturing base, which is a clear advantage given the current policy environment favoring U.S.-based producers. They have been actively streamlining this footprint, notably by completing the sale of their Manitowoc, Wisconsin industrial fabrication operations in September 2025. This move is projected to cut operating costs by approximately $8 million annually. The consolidation focuses production into their Abilene, Texas facility, making that the hub for their heavy fabrications, like wind towers. This domestic positioning helps them mitigate risks associated with international supply chains for essential infrastructure projects.

Precision-engineered components for complex, high-specification systems

The value here is in the engineering know-how for demanding applications. Broadwind, Inc. has been winning significant business in the power generation market, which requires high-tolerance parts. For instance, they secured a follow-on order exceeding $6 million in July 2025 for precision machined gearing products on a two-year agreement, with fulfillment scheduled for 2026 and 2027. This builds on an initial strategic order in Q1 2025 where bookings from one leading OEM for these components surpassed $2.0 million. To support this, they've invested in capabilities and quality certifications, including ITAR, CMMC, and AS9100 registration, which are critical for defense and aerospace-adjacent applications. Power generation customers now account for nearly 20% of revenue as of the third quarter of 2025.

Reliable, long-term supply partner for global OEMs

Broadwind, Inc. is actively positioning itself as the precision manufacturing partner of choice for global OEMs across diversified industries. Their ability to secure large, multi-year commitments speaks to their perceived reliability. You can see this commitment in the recent contract wins:

• Secured over $6 million in minimum first-year commitment on a two-year agreement for gearing products.
• Received $11 million in new tower orders from a leading global wind turbine manufacturer in October 2025, slated for fulfillment in the first quarter of 2026.
• Orders from power generation customers more than doubled year-over-year in Q3 2025.

They aim to be a single source for full-scope manufacturing at massive sizes.

Expertise in large-scale structures like wind towers and repowering adapters

While diversifying, the core strength in large structures remains a key value driver, especially with the push for domestic energy infrastructure. The Heavy Fabrications segment revenue saw a significant jump, increasing 43% year-over-year to $29.4 million in the third quarter of 2025, largely due to increased sales of wind towers and repowering adapters. Even in Q1 2025, orders grew 5% year-over-year, specifically citing demand for wind repowering adapters. They work with industry-leading OEMs to build some of the world's largest fabricated steel structures. Here's a quick look at how key segments tied to these structures and components performed in Q3 2025:

Segment/Metric	Q3 2025 Value	Year-over-Year Change
Heavy Fabrication Revenue	$29.4 million	+43%
Industrial Solutions Revenue	$7.9 million	+37%
Total Consolidated Orders	$44 million	+90%
Industrial Solutions Backlog	Almost $36 million	Record Level

The Industrial Solutions segment, which handles supply chain solutions and kitting, also hit a record backlog of almost $36 million by the end of Q3 2025. That's a lot of complexity being managed for customers.

Finance: draft 13-week cash view by Friday.

Broadwind, Inc. (BWEN) - Canvas Business Model: Customer Relationships

You're looking at how Broadwind, Inc. (BWEN) manages its key customer interactions as of late 2025, which is heavily weighted toward deep, long-term industrial partnerships. The relationships are less about transactional sales and more about being an embedded, high-value manufacturing partner, especially in the power generation space.

The strength of these relationships is evident in the order flow. For instance, in the third quarter of 2025, incoming orders surged to $44 million, marking a 90% increase year-over-year. This robust activity is directly tied to the company's focus on its core power generation markets, which now account for nearly 20% of total revenue.

Dedicated, high-touch account management for OEM partners is critical for securing this kind of volume. This approach is validated by significant, recurring business, such as the Industrial Solutions segment setting a new record backlog of almost $36 million by the end of Q3 2025.

Long-term supply agreements provide the necessary demand visibility for capital planning. We saw this play out with a multi-year supply agreement for gearing products in the natural gas turbine segment, where the order announced in July 2025 represented the Year 1 volume. This type of commitment helps Broadwind, Inc. plan its manufacturing footprint, which is why consolidating operations to the Abilene, Texas facility is expected to reduce operating costs by approximately $8 million annually.

Engineering collaboration on custom, complex component design is a core part of the value proposition, particularly in the high-demand power generation sector. This is not just about making standard parts; it's about specialized manufacturing. For example, Q1 2025 bookings from a leading natural gas turbine OEM alone surpassed $2.0 million for precision machined gearing products.

The direct relationship with a major power generation OEM is highlighted by a substantial, recent commitment. Broadwind, Inc. secured a $6 million follow-on order from a leading OEM in the natural gas turbine segment in July 2025, tied to that multi-year agreement. Furthermore, relationship depth extends to the wind market, evidenced by the October 2025 award of $11 million in new tower orders from a leading global wind turbine manufacturer, scheduled for fulfillment in Q1 2026.

Here's a quick look at the scale of recent, major customer commitments that define these relationships:

Customer/Segment Focus	Order/Backlog Metric	Value/Amount	Reporting Period/Date
Leading Global Wind Turbine OEM	New Tower Orders Awarded	$11 million	October 2025
Leading Natural Gas Turbine OEM	Follow-on Order (Year 1 Volume)	$6 million	July 2025
Industrial Solutions Segment	Record Backlog	Nearly $36 million	End of Q3 2025
Natural Gas Turbine OEM	Q1 2025 Bookings (Gearing)	Exceeded $2.0 million	Q1 2025
Total Company	Q3 2025 Incoming Orders	$44 million	Q3 2025

The strategic shift to focus on power generation is clearly reflected in customer engagement, leading to a raised full-year 2025 revenue expectation to a range of $155 million to $160 million.

The nature of these relationships involves specific operational alignment:

• Manufacturing consolidation to Abilene, Texas, to support key customer fulfillment.
• Achieving specialized quality certifications like ITAR, CMMC, and AS9100 to serve defense/aerospace needs.
• Benefiting from reshoring trends due to US trade policies, particularly in oil and gas orders.
• Fulfilling purchase order releases satisfying volume from a long-term customer supply agreement announced in January 2023.

If onboarding takes 14+ days, churn risk rises, so execution on these large, complex builds is paramount for maintaining partner trust. Finance: draft 13-week cash view by Friday.

Broadwind, Inc. (BWEN) - Canvas Business Model: Channels

You're looking at how Broadwind, Inc. gets its specialized components and equipment into the hands of its customers as of late 2025. The strategy has definitely sharpened, focusing on high-value precision manufacturing for key infrastructure players.

Direct sales force to Original Equipment Manufacturers (OEMs)

The direct sales effort is heavily weighted toward securing long-term, high-value contracts with global OEMs, especially in the power generation space. This is where the company sees its multi-year opportunity, so they've tailored their capabilities to meet those needs, including getting certifications like AS9100 for defense and aerospace applications. The focus on direct OEM relationships is paying off in order flow.

Here are some numbers showing that direct OEM channel strength:

Metric	Value/Amount	Context
Full Year 2025 Revenue Guidance	$155 million to $160 million	Updated guidance as of November 2025.
Q3 2025 Revenue	$44.2 million	Represents a 25% increase year-over-year.
Power Generation Orders Share (Q3 2025)	Nearly 20% of revenue	Orders from power generation customers more than doubled.
Q1 2025 Power Generation Bookings	Exceed $2.0 million	Largest order to date for precision machined gearing products from a leading OEM.

The Industrial Solutions segment, which serves natural gas turbine OEMs, is a key channel, reporting a record backlog of almost $36 million at the end of Q3 2025.

Direct fulfillment from US-based manufacturing facilities

Broadwind, Inc. is streamlining its physical fulfillment by consolidating its manufacturing footprint. They completed the sale of the industrial fabrication operations in Manitowoc, Wisconsin, effective September 8, 2025. This move was strategic to enhance asset utilization and focus on higher-margin work.

The fulfillment network now centers on key domestic sites:

• Abilene, TX facility: Now the consolidated location for heavy fabrications operations.
• Cicero, IL: Home to the Corporate Headquarters and Brad Foote Gearing and Gearbox Repair Center.
• Sanford, NC: Location for Broadwind Industrial Solutions.
• Pittsburgh, PA: Location for Brad Foote Gearing and Gearbox Repair Center.

This consolidation is expected to reduce operating costs by approximately $8 million annually. The company is using its remaining US-based facilities to directly fulfill orders, which they view as a competitive advantage, especially with trade dynamics affecting imports.

Aftermarket service and upgrade sales for installed equipment

The aftermarket channel, particularly for gearing products supporting oil and gas and wind repowering, is showing a strong rebound. This business line provides recurring revenue opportunities for Broadwind, Inc. by servicing existing installations.

The data suggests this channel is gaining traction:

• Gearing orders in Q3 2025 increased 250% to nearly $16 million.
• This Q3 rebound was specifically supported by strength in power generation and some resurgence in the wind and oil and gas aftermarket.
• A follow-on order of over $6 million was secured for precision machined gearing products, with fulfillment scheduled for 2026 and 2027, which speaks to multi-year aftermarket/service-related demand.

To be defintely clear, the Industrial Solutions segment saw lower shipments for aftermarket natural gas turbine content in Q1 2025, but the massive order growth in Q3 suggests a strong pipeline for future service and upgrade work flowing through the direct sales channel.

Finance: draft 13-week cash view by Friday.

Broadwind, Inc. (BWEN) - Canvas Business Model: Customer Segments

You're looking at the customer base for Broadwind, Inc. as of late 2025, which is clearly segmented across clean tech and heavy industrial applications, with a strategic pivot toward power generation.

Broadwind, Inc. organizes its customer base across three reportable operating segments: Heavy Fabrications, Gearing, and Industrial Solutions, each serving distinct end markets.

The Power Generation OEM segment is a primary focus, with orders from power generation customers more than doubling in the third quarter of 2025, now representing nearly 20% of revenue. The Industrial Solutions segment directly serves this market, primarily the combined cycle natural gas turbine market, and its backlog hit a new record of almost $36 million at the end of Q3 2025.

Here's a breakdown of the key customer groups and associated financial metrics from the 2025 fiscal year:

Customer Segment Group	Primary Broadwind Segment	Key Activity/Metric (Latest 2025 Data)	Relevant Financial Data Point
Power Generation OEMs (natural gas turbines, distributed power, data centers)	Industrial Solutions	Orders more than doubled year-over-year in Q3 2025.	Represents nearly 20% of revenue as of Q3 2025.
Onshore Wind Energy OEMs (towers, repowering adapters)	Heavy Fabrications	Revenue grew 43% year-over-year in Q3 2025, driven by wind content.	Announced $11 million in new wind tower orders for Q1 2026 completion.
Critical Infrastructure and Industrial Markets (mining, oil & gas aftermarket)	Gearing	Gearing orders increased 250% to nearly $16 million in Q3 2025.	Gearing segment revenue was $7.1 million in Q3 2025.

Within the Onshore Wind Energy OEM space, the Heavy Fabrications segment saw its Q1 2025 revenue rise 14.7% year-over-year, specifically due to a 52% increase in wind revenue from repowering adapters and tower production restart.

For the Critical Infrastructure and Industrial Markets, the Gearing segment serves customers in surface and underground mining, and oil & gas (O&G) production. While Gearing orders rebounded strongly in Q3 2025, revenue in that quarter was down 23% year-over-year, reflecting prior order gaps and lead times. In the first quarter of 2025, the Gearing segment sales declined 28.4% due to softness in mining and O&G demand.

The customer base served by Broadwind, Inc. includes:

• Wind turbine manufacturers and gearbox re-manufacturers.
• Manufacturers in hydraulic fracturing and mud pumps, drilling equipment, and mining equipment.
• End users receiving natural gas turbines and aftermarket efficiency upgrades.
• Steel producers, ship builders, and material handling equipment manufacturers.

The company is actively working to diversify away from markets that showed softness, like mining and O&G in early 2025, by focusing on growth areas. For instance, Industrial Solutions segment sales declined 29.3% in Q1 2025 due to lower natural gas turbine content shipments, but management is investing in capacity to meet the growing power generation demand.

Broadwind, Inc. (BWEN) - Canvas Business Model: Cost Structure

You're looking at the cost side of Broadwind, Inc. (BWEN) as they push through a major operational streamlining. The core of their cost profile is tied directly to running large, specialized manufacturing assets. These facilities inherently carry high fixed costs, which means profitability is heavily dependent on achieving high utilization rates across the shop floor.

The strategic move to divest the Manitowoc, Wisconsin, industrial fabrication operations and consolidate work into the Abilene, Texas facility is a direct attempt to tackle this fixed cost base. Management has explicitly targeted an annual operating cost reduction of approximately $8 million as a result of this consolidation. This is a significant lever they are pulling to improve operating leverage as order flow strengthens.

Here's a quick look at the financial scale they are operating within, which frames these cost components:

Metric	Amount/Range	Period/Context
FY 2025 Revenue Guidance (Raised)	$155 million to $160 million	Full Year 2025 Estimate
Q3 2025 Revenue	$44.2 million	Third Quarter 2025 Actual
Targeted Annual Operating Cost Reduction	$8 million	Post-Consolidation Estimate
Net Debt to TTM Adjusted EBITDA (Q4 2024)	0.6x	Pre-Consolidation Benchmark

The variable costs are dominated by the inputs for their heavy fabrication and precision machining work. You're definitely looking at significant raw material costs, with steel being the primary component mentioned in past disclosures. To be fair, they've tried to manage this by matching purchases to sales contracts or using price adjustment clauses, but market fluctuations in steel, energy, and transportation can still bite into margins if those costs can't be fully passed on to customers.

Also critical are the direct labor expenses. Broadwind, Inc. relies on unionized labor at certain facilities, meaning any material change in collective bargaining agreements, especially a significant increase in labor costs, directly impacts the cost structure. This is a key area to watch for cost creep.

When it comes to investing back into the physical assets, the approach appears disciplined, especially following the recent divestiture and focus on balance sheet flexibility. While the specific target of 2%-3% of revenue for capital expenditures for capacity expansion wasn't explicitly confirmed for the current period, management commentary suggests investments are being kept relatively modest in the near term.

• Investments are focused on high-return intellectual property and manufacturing capabilities.
• Capital allocation priorities include debt reduction, organic investments, acquisitions, and share repurchases.
• Investments in Industrial Solutions during 2025 were described as 'relatively modest' and not expected to 'move the needle from a consolidated perspective.'

The overhead associated with the facilities that remain, like the Abilene plant, forms the high fixed cost base that the $8 million reduction effort is designed to shrink. Finance: draft the Q4 2025 fixed overhead report by next Wednesday.

Broadwind, Inc. (BWEN) - Canvas Business Model: Revenue Streams

You're looking at the revenue composition for Broadwind, Inc. (BWEN) as of late 2025, and the near-term outlook is strong enough that management raised the full-year 2025 revenue guidance to a range of $155 million to $160 million. This guidance increase came after the third quarter results were posted.

The total revenue for the third quarter of 2025 was $44.2 million, which was a 25% increase year-over-year. The revenue streams are clearly segmented across three primary areas, with the Heavy Fabrications segment driving the majority of the top line for the quarter.

Here is the breakdown of the segment sales for the third quarter of 2025:

Revenue Stream	Q3 2025 Sales Amount
Heavy Fabrications sales	$29.4 million
Industrial Solutions sales	$7.9 million
Gearing Products sales	$7.1 million

The growth in the top line is heavily influenced by specific end markets, showing where Broadwind, Inc. (BWEN) is successfully capturing demand. The company is defintely leaning into power generation and renewables as key revenue contributors.

• Heavy Fabrications sales increased 43% year-over-year, primarily due to higher sales of wind tower sections and repowering adapters.
• Industrial Solutions revenue grew 37% year-over-year, driven by demand for natural gas turbine content.
• Orders from power generation customers more than doubled and now represent nearly 20% of revenue.
• Gearing Products sales were $7.1 million for the quarter.