Broadwind announced the completion of the sale of its industrial fabrication operations in Manitowoc, WI.
The company aims to streamline operations, enhance balance sheet flexibility, and refocus on higher-margin precision manufacturing verticals.
The sale is expected to reduce operating costs by approximately $8 million annually.
Sale Details
Total cash consideration of $13.5 million for the assets sold in the transaction.
Financial Guidance
Full-year 2025 guidance: Revenues $145-155 million, Adjusted EBITDA $9-10 million, excluding $9 million gain from the sale.
Strategic Move
Consolidating operations into the Abilene, TX facility to improve asset utilization and capture growth opportunities.
- The completion of the sale marks a significant step in Broadwind's strategic plans.
- The company anticipates continued profitable growth and value creation for shareholders.
- Streamlining operations will enhance efficiency and strengthen the company's position in core markets.
Broadwind's sale of industrial fabrication operations and introduction of full-year 2025 guidance showcase a strategic shift towards higher-margin manufacturing, cost optimization, and growth focus.