Babcock & Wilcox raises FY2024 Adj. EBITDA target to $105M-$115M; contract awards ~$500M year-to-date

Babcock & Wilcox Enterprises, Inc.

Year-to-date signed contracts and awards total ~$500M, nearly double the same period in 2023.
FY2024 Adjusted EBITDA target increased to $105M-$115M, up from prior $100M-$110M (excl. BrightLoop/ClimateBright expenses).
Recently awarded $246M gas conversion project; several projects between $5M-$20M each with solid margins.
Expect impact on results starting Q4 2024 and beyond.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Babcock & Wilcox Enterprises, Inc. updated its Full-Year 2024 guidance (raised).

Period: Full-Year 2024
Guidance: raised
Result: guidance update

Exact text from the filing

Babcock & Wilcox Announces Increased Full-Year Adjusted EBITDA Target of $105 Million to $115 Million

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Babcock & Wilcox Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-045851

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