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Divested Wisconsin industrial fabrication operations to optimize the asset base, reduce overhead, and increase balance sheet optionality for higher-value opportunities.
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Attributed Q4 margin pressure to a raw material supply disruption in Heavy Fabrications caused by a customer’s directed-buy program, which hampered manufacturing throughput.
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Implemented corrective actions by onboarding an alternative supplier to normalize operations and minimize further impact to the business in 2026.
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Leveraged a 100% domestic manufacturing base as a competitive advantage to attract tier-one OEMs seeking to mitigate volatile global trade and supply chain risks.
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Shifted strategic focus toward precision manufacturing for power generation, specifically targeting data center demand and natural gas turbine verticals.
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Reported record backlog in Industrial Solutions for the fifth consecutive quarter, driven by global demand for distributed power and grid redundancy.
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Utilized dynamic balancing and other in-house precision capabilities to decrease lead times and improve profitability in the high-speed gear segment.
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Reaffirmed full-year 2026 guidance with revenue projected between $140 million and $150 million and adjusted EBITDA of $8 million to $10 million.
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Anticipates a ‘super cycle’ in power generation and grid infrastructure lasting at least ten years, particularly for turbines under 100 megawatts.
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Expects Gearing revenue to achieve double-digit growth in 2026 as the segment executes on a backlog that has doubled since the start of 2025.
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Assumes Industrial Solutions will maintain elevated revenue levels throughout 2026 based on current customer indications and record backlog conversion.
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Projects domestic onshore wind tower activity to remain stable at present rates through 2026 and into 2027, providing steady visibility for Heavy Fabrications.
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Completed the sale of the Manitowoc facility, resulting in a 20% year-over-year decline in Heavy Fabrication orders but improving overall capacity utilization at the Abilene site.
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Identified oil and gas as a resurgent vertical, with customers increasing domestic orders to hedge against potential overseas supply disruptions.
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Initiated an ISO 45001 occupational health and safety program to complement existing aerospace and quality certifications.
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Noted that while Q4 EBITDA declined due to temporary inefficiencies, operating leverage is expected to improve as volumes recover in 2026.
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