Babcock & Wilcox Q2 revenue $305.2M (+38% YoY); adjusted EBITDA $21.9M beats expectations

Babcock & Wilcox Enterprises, Inc.

2023-Q2 EPS reported -$0.28 revenue$562,434,000

Revenue $305.2M (+38% YoY); net loss $5.0M vs adjusted net loss of $10.4M in prior year.
Consolidated adjusted EBITDA $21.9M vs $15.9M (excl. $7M gain) in Q2 2022; company exceeded expectations.
Thermal segment revenue $158.0M (+36%), Renewable $98.9M (+31%), Environmental $48.7M (+54%).
Backlog $566.5M; targeting $850M-$1B by year-end; global project pipeline exceeds $9B.
BrightLoop hydrogen technology targets $1B bookings by 2028, initial operations late 2024.

item 2.02 item 7.01 item 9.01

Key facts

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 second quarter of 2023 results: revenue $305.2 million, net income $5.0 million, EPS $0.10. Guidance reaffirmed.

Period: second quarter of 2023
Revenue: $305.2 million
Net income: $5.0 million
EPS: $0.10
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Including BrightLoop, Pipeline expanded to over $9 billion in identified global project opportunities, from $8 billion previously Q2 2023 Highlights and Outlook: – Revenues of $305.2 million, a 38% improvement compared to the second quarter of 2022 – Net loss of $5.0 million, compared to a net loss of $3.0 million ($10.4 million loss when excluding a noncash

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Source: SEC EDGAR

accession 0001104659-23-088845

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