B&W Q3 2024 revenue $209.9M, net loss narrows to $0.16/sh; adj EBITDA rises to $22.3M

Babcock & Wilcox Enterprises, Inc.

2024-Q3 EPS reported -$0.09 revenue$651,057,000

Revenue $209.9M vs $239.4M (ex-divested BWRS: +$4.6M); net loss $11.1M ($0.16/sh) vs $12.3M ($0.18/sh) in Q3 2023.
Adjusted EBITDA $22.3M vs $20.0M in Q3 2023; FY2024 EBITDA target $91M-$95M excluding BrightLoop/ClimateBright.
Implied backlog $628.2M (+48% YoY); YTD bookings $543.9M (+27%); received full notice to proceed on $246M Indiana gas conversion project.
Completed SPIG/GMAB sale for $33.7M net; combined $116M from two asset sales in 2024 to strengthen balance sheet.
Operating loss includes $5.8M non-cash impairment on SPIG sale and $4.9M settlement to exit loss-generating maintenance contract.

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