Broadwind Inc (Broadwind) manufactures structures, equipment and components for clean technology and other industrial applications. The company’s expertise includes heavy fabrications, metal rolling, welding, coatings, gear cutting and shaping, gearbox repair, heat treatment, assembly, engineering and packaging solutions. It primarily operates in the US market, providing products and services for wind energy, oil & gas, gas turbine, mining and industrial sectors. In wind energy, its customers primarily consist of wind turbine manufacturers and gearbox re-manufacturers; in the oil & gas and mining sector, its customers primarily consist of manufacturers in hydraulic fracturing and mud pumps, drilling and production equipment, mining equipment, and off highway vehicles; in gas turbine market, its customers provide end users with a natural gas turbine, aftermarket replacement and efficiency upgrade packages; in the industrial market, its customers are steel producers, ship builders, manufacturers of material handling, pulp and paper and other power generation equipment. The company operates through three reportable segments: Heavy Fabrications, Gearing and Industrial Solutions. In FY2024, the company incurred a capital expenditure of US$3.6 million which was 2.5% of the company’s total revenue and declined 43.5% YoY.