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BWEN on Nasdaq

BROADWIND, INC.

Precision manufacturer of structures1

In its 2026 annual report the company says: “We provide technologically advanced high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, primarily in the United States of America. Our capabilities include but are not limited to the following: heavy fabrications, welding, metal rolling, coatings, gear cutting and shaping, gearbox manufacturing and repair, heat treatment, precision machining, assembly, engineering and packaging solutions.”5 It is headquartered in Cicero, Illinois.1 Its shares trade on Nasdaq under the symbol BWEN.1

$3.47 down 0.18 (4.93%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

Compare with HUHUTECH International Group Inc. or Matthews International, or pick any stock.

  • TickerBWEN on Nasdaq1
  • IndustryNonferrous Foundries (Castings)1
  • HeadquartersCicero, Illinois1
  • Incorporated inDE3
  • Business address3240 S. Central Avenue, Cicero, Il 608043
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Broadwind is a precision manufacturer of structures, equipment and components for power generation, critical infrastructure, and other specialized applications. We provide technologically advanced high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, primarily in the United States of America (the “U.S.”). Our capabilities include but are not limited to the following: heavy fabrications, welding, metal rolling, coatings, gear cutting and shaping, gearbox manufacturing and repair, heat treatment, precision machining, assembly, engineering and packaging solutions.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.2%Gross margin6
5.5%Operating margin6
3.3%Net margin6
10.4%Revenue growth, 20256
7.9%Return on equity6
0.08×Debt to equity6
-$19.0MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Heavy Fabrications brought in 64% of the revenue BROADWIND, INC. broke down this way in fiscal 2025.

  1. Heavy Fabrications$101.2M664%up 22% from 2024
  2. Industrial Solutions$30.3M619%up 16% from 2024
  3. Gearing$27.4M617%down 23% from 2024
Business segments by year
Business segments20242025
Heavy Fabrications$82.7M$101.2M
Industrial Solutions$26.1M$30.3M
Gearing$35.6M$27.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin10¢$15.0M
  • Other costs87¢$137.7M
  • Income tax0¢$87.0K
  • Profit3¢$5.2M

Out of $158.1M in revenue.6

Financial statements

Revenue78910116$158.1M in 2025−11% since 2019
0$100.0M$200.0M$300.0M2019: $178.2M$178.2M20192020: $198.5M$198.5M2020+11%2021: $145.6M$145.6M2021−27%2022: $176.8M$176.8M2022+21%2023: $203.5M$203.5M2023+15%2024: $143.1M$143.1M2024−30%2025: $158.1M$158.1M2025+10%
Gross profit78910116$16.1M in 2025+5% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $15.4M$15.4M20192020: $18.0M$18.0M2020+17%2021: $5.5M$5.5M2021−69%2022: $10.7M$10.7M2022+94%2023: $32.5M$32.5M2023+204%2024: $21.2M$21.2M2024−35%2025: $16.1M$16.1M2025−24%
Operating income78910116$8.7M in 2025
-$20.0M-$10.0M0$10.0M$20.0M2019: -$2.4M-$2.4M20192020: $422.0K$422.0K20202021: -$12.6M-$12.6M20212022: -$6.6M-$6.6M2022−48%2023: $11.1M$11.1M20232024: $4.2M$4.2M2024−62%2025: $8.7M$8.7M2025+105%
Net income781210116$5.2M in 2025
-$10.0M-$5.0M0$5.0M$10.0M2019: -$4.5M-$4.5M20192020: -$1.5M-$1.5M2020−67%2021: -$2.4M-$2.4M2021+62%2022: -$9.7M-$9.7M2022+305%2023: $7.6M$7.6M20232024: $1.2M$1.2M2024−85%2025: $5.2M$5.2M2025+355%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenues$158.1M$143.1M
Cost of sales$141.9M$121.9M
Gross profit$16.1M$21.2M
Selling, general and administrative$15.0M$16.3M
Gain on sale of Manitowoc industrial fabrication operations-$8.2M$0
Intangible amortization$661.0K$661.0K
Total operating expense, net$7.5M$17.0M
Operating income$8.7M$4.2M
Interest expense, net-$3.4M-$3.1M
Other, net$64.0K$79.0K
Total other expense, net-$3.3M-$3.0M
Net income before provision for income taxes$5.3M$1.2M
Provision for income taxes$87.0K$74.0K
NET INCOME$5.2M$1.2M
Net income (in dollars per share)$0.23$0.05
WEIGHTED AVERAGE COMMON SHARES OUTSTANDINGBASIC (in shares)22.9M shares21.9M shares
Net income (in dollars per share)$0.23$0.05
WEIGHTED AVERAGE COMMON SHARES OUTSTANDINGDILUTED (in shares)23.0M shares22.0M shares

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Corporate structure

BROADWIND, INC. sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BROADWIND, INC.

  • BROADWIND, INC. Cicero, Illinois
    • Brad Foote Gear Works, Inc. Subsidiary · Illinois, United States
    • Broadwind Heavy Fabrications, Inc. Subsidiary · Wisconsin, United States
    • Broadwind Industrial Solutions, LLC Subsidiary · North Carolina, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BROADWIND, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$139.3M6 Dec 31, 2025$168.4M6 Dec 31, 2024−17.3%
Accumulated depreciation$99.8M6 Dec 31, 2025$122.8M6 Dec 31, 2024−18.7%
Property and equipment, net$39.5M6 Dec 31, 2025$45.6M6 Dec 31, 2024−13.4%
Operating-lease assets (leased space)$11.9M6 Dec 31, 2025$13.8M6 Dec 31, 2024−14.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$456.0K6 Dec 31, 2025$7.7M6 Dec 31, 2024−94.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$25.1M6 Dec 31, 2025$25.1M6 Dec 31, 20240%
Accumulated amortization-$16.7M6 Dec 31, 2025-$16.1M6 Dec 31, 2024−4.1%
Finite-lived intangibles, net$741.0K6 Dec 31, 2025$1.4M6 Dec 31, 2024−47.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$42.0M6 Dec 31, 2025$40.0M6 Dec 31, 2024+5.2%
Raw materials$24.2M6 Dec 31, 2025$19.7M6 Dec 31, 2024+23.0%
Work in process$8.8M6 Dec 31, 2025$9.9M6 Dec 31, 2024−12.0%
Finished goods$11.4M6 Dec 31, 2025$12.5M6 Dec 31, 2024−9.2%

Properties, in its own words

Our corporate headquarters is located in Cicero, Illinois, a suburb located west of Chicago, Illinois. In addition, the Subsidiaries own or lease operating facilities, which are presented by operating segment as follows (information below is as of December 31, 2025).

Owned / · Approximate

The rest of Item 2

Operating Segment and Facility Type · Location · Leased · Square Footage

Heavy Fabrications (1)

Tower Manufacturing · Abilene, TX · Owned · 175,000

Gearing and Corporate

Gearing System Manufacturing—Machining and Corporate Administration (2) · Cicero, IL · Leased · 301,000

Gearing System Manufacturing—Heat Treatment and Gearbox Repair · Neville Island, PA · Owned · 52,000

Industrial Solutions Manufacturing · Sanford, NC · Leased · 105,000

(1) · The Heavy Fabrications segment listing does not include the tower storage yards of 25 acres in Abilene, TX.

(2) · The Gearing leased facilities will reduce to approximately 197,000 square feet effective December 1, 2026 pursuant to the terms of the facility lease.

We consider our active facilities to be in good condition and adequate for our present and future needs.

Item 2 of the 10-K filed Mar 11, 2026.5

Leadership

Who has led BROADWIND, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Samuel W. Fairchild2007
  2. John Cameron Drecoll2007–2010
  3. Peter C. Duprey2010–2015
  4. Stephanie K. Kushner2016–2020
  5. Eric B. Blashford2020–now

Chair

  1. Christopher C. Allie2006

President

  1. Christopher C. Allie2006
  2. Raymond L. Brickner Iii.2007
  3. Donald C. Naab2009
  4. Jesse E. Collins Jr.2009–2010
  5. Lars Moller2010
  6. Peter C. Duprey2010–2015
  7. Stephanie K. Kushner2018–2020
  8. Eric B. Blashford2020–now

Chief financial officer

  1. David Randall Brumbelow2007
  2. Steven A. Huntington2007
  3. Stephen E. K. Graham2009
  4. Stephanie K. Kushner2009–2017
  5. Jason Lee Bonfigt2018–2021
  6. Thomas A. Ciccone2023–now

Chief operating officer

  1. Lars Moller2009
  2. Jesse E. Collins Jr.2010–2013
  3. Eric B. Blashford2018–2019
2010201520202025
Board members and other officers (34)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Brad Foote Gear Works, Inc. Illinois4
  • Broadwind Heavy Fabrications, Inc. Wisconsin4
  • Broadwind Industrial Solutions, LLC North Carolina4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • BROADWIND ENERGY, INC.Mar 14, 2008 to Apr 27, 20203
  • TOWER TECH HOLDINGS INC.Feb 16, 2006 to Feb 21, 20083
  • BLACKFOOT ENTERPRISES INCAug 11, 2000 to Feb 10, 20063

Timeline

  1. Aug 21, 20268-K Financial statements and exhibits66
  2. Aug 11, 20268-K Results of operations; Regulation FD disclosure67
  3. May 29, 20268-K Shareholder vote68
  4. May 12, 20268-K Results of operations; Regulation FD disclosure69
  5. May 7, 20268-K Financial statements and exhibits70
  6. May 6, 20268-K Entered a material agreement; Completed an acquisition or sale; Results of operations71
  7. Apr 6, 20268-K Executive or director change72
  8. Mar 11, 20268-K Results of operations; Regulation FD disclosure73
  9. Feb 5, 20268-K Entered a material agreement; Results of operations; New debt or obligation74
  10. Nov 13, 20258-K Results of operations; Regulation FD disclosure75
  11. Sep 23, 20258-K Entered a material agreement; New debt or obligation76
  12. Sep 10, 20258-K Completed an acquisition or sale; Executive or director change; Regulation FD disclosure77
  13. May 4, 2020New chief executive Eric B. Blashford becomes CEO15
  14. Feb 23, 2016New chief executive Stephanie K. Kushner becomes CEO16
  15. Nov 16, 2010New chief executive Peter C. Duprey becomes CEO17
  16. Oct 23, 2007New chief executive John Cameron Drecoll becomes CEO19
  17. Jan 16, 2007New chief executive Samuel W. Fairchild becomes CEO18

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.04 a share, on Nov 13, 2025.78

When it reported results

  1. Aug 11, 2026Reported quarterly or annual results67
  2. May 12, 2026Reported quarterly or annual results69
  3. May 6, 2026Reported quarterly or annual results71
  4. Mar 11, 2026Reported quarterly or annual results73
  5. Feb 5, 2026Reported quarterly or annual results74
  6. Nov 13, 2025Reported quarterly or annual results75
  7. Aug 12, 2025Reported quarterly or annual results79
  8. May 13, 2025Reported quarterly or annual results80

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

278 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 135 insider forms, 9 large holders, 64 other. The latest 20:

  1. Aug 21, 20268-K/A EDGAR
  2. Aug 11, 202610-Q EDGAR
  3. Aug 11, 20268-K EDGAR
  4. Jul 6, 20264 EDGAR
  5. Jul 6, 20264 EDGAR
  6. Jul 6, 20264 EDGAR
  7. Jun 1, 20264 EDGAR
  8. Jun 1, 20264 EDGAR
  9. Jun 1, 20264 EDGAR
  10. Jun 1, 20264 EDGAR
  11. Jun 1, 20264 EDGAR
  12. Jun 1, 20264 EDGAR
  13. Jun 1, 20264 EDGAR
  14. Jun 1, 2026SD EDGAR
  15. May 29, 20268-K EDGAR
  16. May 28, 20264 EDGAR
  17. May 28, 20264 EDGAR
  18. May 28, 20264 EDGAR
  19. May 19, 20264 EDGAR
  20. May 19, 20264 EDGAR

The 278 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 11 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 9, 2025Schueller Daniel E.Pres., Broadwind Heavy Fab.Sale3,000$1.94$5.8KForm 4
Aug 16, 2024Blashford Eric B.President and CEOBuy5,000$2.27$11.3KForm 4
May 28, 2024Schueller Daniel E.Pres., Broadwind Heavy Fab.Sale5,800$4.53$26.3KForm 4
Nov 16, 2023Shivaram Sachin MDirectorBuy10,000$2.18$21.8KForm 4
Sep 6, 2023Wagner Thomas A.DirectorSale10,000$3.99$39.9KForm 4
Aug 21, 2023Press Jeanette A.DirectorBuy250$3.92$980Form 4
Aug 21, 2023Kennedy Hayes M.Chief Human Resources OfficerBuy2,500$3.86$9.7KForm 4
Aug 18, 2023Wood Cary BDirectorBuy1,000$3.76$3.8KForm 4
Aug 18, 2023Shivaram Sachin MDirectorBuy25,940$3.67$95.2KForm 4
Aug 17, 2023Shivaram Sachin MDirectorBuy1,790$3.46$6.2KForm 4
Aug 17, 2023Blashford Eric B.President and CEOBuy6,000$3.52$21.1KForm 4
Aug 16, 2023Schueller Daniel E.Pres., Broadwind Heavy Fab.Buy3,000$3.56$10.7KForm 4
Jun 2, 2023Wagner Thomas A.DirectorSale10,000$4.00$40.0KForm 4
Nov 11, 2022Schueller Daniel E.Pres., Broadwind Heavy Fab.Buy4,800$1.67$8.0KForm 4
Nov 11, 2022Blashford Eric B.President and CEOBuy5,000$1.69$8.4KForm 4
Dec 16, 2021KUSHNER STEPHANIE KDirectorSale7,088$2.10$14.9KForm 4
Nov 17, 2021KUSHNER STEPHANIE KDirectorSale7,500$3.04$22.8KForm 4
Nov 16, 2021KUSHNER STEPHANIE KDirectorSale7,500$3.07$23.0KForm 4
Oct 19, 2021KUSHNER STEPHANIE KDirectorSale7,500$3.04$22.8KForm 4
Oct 18, 2021KUSHNER STEPHANIE KDirectorSale7,500$3.09$23.2KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Eric B. Blashford61$447.5K$757.5K85
2025Thomas A. Ciccone51$242.8K$370.2K85
2025Gilbert W. MayoJr.64$221.9K$324.4K85
2024PresidentChief Executive Officer$440.0K$877.6K85
2024Vice PresidentChief Financial Officer$238.1K$401.0K85

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 57. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Grace & White Inc /ny1,782,073$8.6M1.4%−215,422
AIGH Capital Management LLC1,156,000$5.6M0.5%New
Vanguard Capital Management LLC912,824$4.4M0.0%+35,827
Arrowstreet Capital, Limited Partnership475,439$2.3M0.0%+40,578
BlackRock, Inc.389,947$1.9M0.0%+24,102
Dimensional Fund Advisors LP342,455$1.7M0.0%+50,654
Susquehanna International Group, Llp244,432$1.2M0.0%+182,097
Geode Capital Management, LLC240,136$1.2M0.0%−10,889
Jane Street Group, LLC182,919$883.5K0.0%+100,754
Informed Momentum Co LLC176,250$851.3K0.1%New
Us Bancorp \de\160,128$773.4K0.0%No change
Aristides Capital LLC156,500$755.9K0.2%+11,570
Renaissance Technologies LLC149,186$720.6K0.0%−44,672
Raymond James Financial Inc140,946$680.8K0.0%New
Vanguard Fiduciary Trust Co126,503$611.0K0.0%+12,979
Simplex Trading, LLC113,080$546.2K0.0%+109,150
Sei Investments Co104,414$504.3K0.0%New
Essex Investment Management Co LLC94,671$457.3K0.1%−117
State Street Corp79,215$382.6K0.0%−1,050
Goldman Sachs Group Inc71,733$346.5K0.0%−8,002
Algert Global LLC67,416$325.6K0.0%+46,776
Bridgeway Capital Management, LLC58,988$284.9K0.0%−127,727
Group One Trading LLC58,168$281.0K0.0%+44,700
Citadel Advisors LLC52,045$251.4K0.0%+3,845
MYDA Advisors LLC50,000$241.5K0.1%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How BROADWIND, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBROADWIND, INC.1
  • CIK0001120370
  • Employer ID (EIN)88-04091605
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3360 Nonferrous Foundries (Castings)1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address3240 S. Central Avenue, Cicero, IL 608041
  • Phone708-780-48001
  • Shares outstanding23,657,373 as of Aug 4, 202614
  • Public float$32.3M as of Jun 30, 20255
  • AuditorRSM US LLP, Chicago, Illinois PCAOB ID 49; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceAug 11, 20001
  • Filings1,243 in all: 4 (513), 8-K (229), 10-Q (56), 3 (50), SC 13D/A (39), SC 13G/A (28), 10QSB (22), 4/A (20)1
    All 58 form types

    CORRESP (20), DEF 14A (19), 10-K (18), UPLOAD (18), S-8 (16), DEFA14A (14), 8-K/A (13), SD (13), DFAN14A (11), PRE 14A (10), 3/A (8), S-1/A (8), SC 13G (8), EFFECT (7), SC 13D (7), 10KSB (6), ARS (6), REGDEX (6), 10-Q/A (5), 144 (5), 424B3 (5), 424B5 (5), 5 (5), 11-K (4), 8-A12B/A (4), S-3 (4), 10QSB/A (3), DEF 14C (3), PRE 14C (3), S-3/A (3), 10KSB40 (2), 8-A12B (2), DEFC14A (2), NT 10-K (2), PREC14A (2), PRER14A (2), S-1 (2), S-8 POS (2), SCHEDULE 13G/A (2), 10KSB/A (1), 10SB12G (1), 15-12G (1), 424B4 (1), CERTNAS (1), DEFR14A (1), NT 10-Q (1), POS AM (1), PRRN14A (1), PX14A6G (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 11, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Proxy statement (DEF 14A) Apr 14, 2026
    Latest 8-K (8-K) Aug 11, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valueBWENNasdaq

From the cover page of the 10-K filed Mar 11, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks BROADWIND, INC. names in Item 1A of its 10-K filed Mar 11, 2026: 30 risks under these headings, as written.5

  • OPERATIONAL RISKS
  • We may be unable to keep pace with rapidly changing technology in wind turbine and other industrial component manufacturing.
  • We are substantially dependent on a few significant customers and the ordering levels for our products may vary based on customer needs. Further, we face significant risks associated with changes in our relationship with these significant customers.
  • Because our industry is capital intensive and we have significant fixed and semi-fixed costs, our profitability is sensitive to changes in volume.
  • We face significant risks associated with uncertainties resulting from changes to policies and laws with the periodic changes in the U.S. administration.
  • Disruptions in the supply of parts and raw materials, or changes in supplier relations, may negatively impact our operating results.
  • We rely on unionized labor, the loss of which could adversely affect our future success.
  • Our ability to hire and retain qualified personnel at competitive cost could adversely affect our business.
  • If our estimates for warranty expenses differ materially from actual claims made, or if we are unable to reasonably estimate future warranty expense for our products, our business and financial results could be adversely affected.
  • Cybersecurity incidents could disrupt our business and result in the compromise of confidential information and changes in information security and privacy laws, regulations, policies and contractual obligations could adversely affect our business.
  • Recent increases in inflation and high interest rates in the United States and elsewhere could adversely affect our business.
  • RISKS RELATED TO OUR INDUSTRIES
The other 20 risks
  • Our financial and operating performance is subject to certain factors out of our control, including the state of the wind energy market in North America.
  • Consolidation among wind turbine manufacturers could increase our customer concentration and/or disrupt our supply chain relationships.
  • We face competition from industry participants who may have greater resources than we do.
  • RISKS RELATED TO OUR CORPORATE STRATEGY
  • Our plans for growth and diversification may not be successful, and could result in poor financial performance.
  • Our diversification outside of the wind energy market exposes us to business risks associated with the gas turbine, O&G, and mining industries, among others, which may slow our growth or penetration in these markets.
  • If our projections regarding the future market demand for our products are inaccurate, our operating results and our overall business may be adversely affected.
  • Our growth strategies could be ineffective due to the risks of acquisitions and risks relating to integration.
  • We are subject to risks associated with proxy contests and other actions of activist stockholders.
  • FINANCIAL RISKS
  • We have generated substantial net losses since our inception.
  • We have significant indebtedness and we may incur additional debt in the future. Servicing our indebtedness requires a significant amount of cash, and the terms of our current indebtedness, and the terms of any future indebtedness, may restrict the activities of the Company.
  • Our PPP Loans were forgiven, but we may still be subject to audit and any resulting adverse audit findings of non-compliance could result in the repayment of a portion or all of the PPP Loans and may restrict our flexibility in operating our business or otherwise adversely affect our results of operations.
  • RISKS RELATED TO OWNING OUR COMMON STOCK
  • There is a limited trading market for our securities and the market price of our securities is subject to volatility.
  • Limitations on our ability to utilize our NOLs may negatively affect our financial results.
  • We cannot predict the risks associated with the implementation and use of artificial intelligence and related technologies.
  • INTELLECTUAL PROPERTY RISKS
  • Any failure to protect our customers’ intellectual property that we use in the products we manufacture for them could harm our customer relationships and subject us to liability.
  • We may not be able to protect important intellectual property and we could incur substantial costs defending against claims that our products infringe on the proprietary rights of others.
  • LEGAL, TAX, REGULATORY AND COMPLIANCE RISKS
  • The U.S. wind energy industry is significantly impacted by tax and other economic incentives. A significant change in these incentives could significantly impact our results of operations and growth.
  • Changes to trade regulation, quotas, duties or tariffs, and sanctions caused by changing U.S. and geopolitical policies, may impact our competitive position or adversely impact our margins.
  • We could incur substantial costs to comply with environmental, health and safety (“EHS”) laws and regulations and to address violations of or liabilities under these requirements.
  • Our ability to comply with regulatory requirements and potential environmental, social and governance (“ESG”) regulations and trends is critical to our future success, and there can be no guarantee that our businesses are in full compliance with all such requirements.

Legal proceedings

We are party to a variety of legal proceedings that arise in the ordinary course of our business. While the results of these legal proceedings cannot be predicted with certainty, management believes that the final outcome of these proceedings will not have a material adverse effect, individually or in the aggregate, on our results of operations, financial condition or cash flows. Due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on our results of operations, financial condition or cash flows. It is possible that if one or more of such matters were decided against us, the effects could be material to our results of operations in the period in which we would be required to record or adjust the related liability and could also be material to our financial condition and cash flows in the period in which we would be required to pay such liability.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

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  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
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  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85