earnings
confidence high
sentiment negative
materiality 0.90
B&W posts Q4 2024 revenue $200.8M (+15% YoY); flags substantial doubt on going concern due to near-term debt maturities
Babcock & Wilcox Enterprises, Inc.
2025-Q1 EPS reported
-$0.26
revenue$181,194,000
- Q4 net loss $45.0M ($0.52/share), improved from $58.3M loss; adjusted EBITDA $23.9M vs $15.4M.
- Full year 2024 revenue $717.3M (stable); adjusted EBITDA $68.9M, up 13% YoY.
- Backlog $540.1M (+47%), bookings $889.6M (+39%); guidance FY2025 adj. EBITDA $70-85M.
- Total debt $473.9M, cash $127.6M; ABL facility ($124.4M drawn) due Nov 2025, senior notes $193M due Feb 2026.
- Going concern uncertainty cited; company pursuing asset sales and bondholder negotiations to reduce debt.