Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Babcock & Wilcox Enterprises, Inc. reported for the quarter ended March 31, 2023 results: revenue $257.2 million, net income net loss of $12.5 million, EPS loss per share of $0.18. Guidance reaffirmed.
- Period
- for the quarter ended March 31, 2023
- Revenue
- $257.2 million
- Net income
- net loss of $12.5 million
- EPS
- loss per share of $0.18
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Babcock & Wilcox Enterprises Reports First Quarter 2023 Results · Revenues, bookings, backlog, and Adjusted EBITDA significantly improved compared to the first quarter of 2022 and exceeded Company expectations Q1 2023 Highlights and Outlook: – Revenues of $257.2 million, a 26% improvement compared to the first quarter of 2022 – Net loss of $12.5 million, compared to a net loss of $8.7 million in the first quarter of 2022 – Loss per share of $0.18, compared to a loss per share of $0.14 in the first quarter of 2022 – Consolidated adjusted EBITDA of $14.2 million, compared to $12.5 million in the first quarter of 2022 – Bookings of $266 million, an 11% improvement compared to first quarter bookings in 2022 – Ending backlog of $663 million, over a 15% increase compared to backlog at the end of the first quarter of 2022 – Reiterates Full Year 2023 Adjusted EBITDA target of $100 million to $120 million
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