Babcock & Wilcox Q1 revenue $207.6M, op income $4.3M; raises FY adjusted EBITDA guidance to $105-115M

Babcock & Wilcox Enterprises, Inc.

2024-Q1 EPS reported -$0.23 revenue$207,556,000

Revenue $207.6M, down 14% YoY; operating income $4.3M vs $1.3M.
Net loss $15.8M ($0.22 loss per share) vs $12.7M; includes $5.1M loss on debt extinguishment.
Adjusted EBITDA $12.5M vs $13.6M; FY2024 guidance raised to $105-115M (ex BrightLoop/ClimateBright).
New contracts and awards ~$500M in 2024, nearly double prior year; implied backlog $826.4M (+29% YoY).
Closed $150M revolving credit facility; expects interest cost reduction up to $5M/year.

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 0.92

Babcock & Wilcox Enterprises, Inc. reported the quarter ended March 31, 2024 results: revenue $207.6 million, net income Net loss of $15.8 million, EPS Loss per share of $0.22. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $207.6 million
Net income: Net loss of $15.8 million
EPS: Loss per share of $0.22
Guidance: raised
Result: reported results

Exact text from the filing

reference in such filing. --- EX-99.1 (EX-99.1) --- News Release Babcock & Wilcox Enterprises Reports First Quarter 2024 Results • Exceeded expectations with Revenue of $207.6 million and Operating Income of $4.3 million • Increased Full Year 2024 Adjusted EBITDA target range to $105.0 million to $115.0 million, excluding BrightLoop TM and ClimateBright TM

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

Babcock & Wilcox Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001630805-24-000025

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.