Babcock & Wilcox Q1 revenue up 44% to $214.4M; Adj EBITDA $16.1M, +296% YoY; net debt cut to $42.4M

Babcock & Wilcox Enterprises, Inc.

2026-Q1 EPS reported -$0.60 revenue$214,414,000

Revenue $214.4M, +44% YoY; adjusted EBITDA $16.1M (+296% YoY), both ahead of consensus.
Net loss from continuing ops $79.6M includes $81.8M non-cash warrant costs; adjusted net income was $2.2M.
Bookings $2.5B (+1,971%), backlog $2.7B (+483%); pipeline >$14B (+17%).
Net debt reduced 87% to $42.4M; repaid $15M of Dec 2026 bonds, plans to retire remaining in 2026.
Full-year 2026 adjusted EBITDA target reiterated at $80M-$100M.

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. reported the quarter ended March 31, 2026 results: revenue $214.4 million, net income Net loss from continuing operations was $79.6 million, EPS Loss per share ... was $0.62. Guidance reaffirmed.

Period: the quarter ended March 31, 2026
Revenue: $214.4 million
Net income: Net loss from continuing operations was $79.6 million
EPS: Loss per share ... was $0.62
Guidance: reaffirmed
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99.1 (EX-99.1) --- News Release Babcock & Wilcox Enterprises Reports First Quarter 2026 Results • Revenue in the first quarter of $214.4 million, a 44% increase compared to the same period of 2025, ahead of consensus street expectations • Net loss from continuing operations was $79.6 million in the first quarter, of which

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Source: SEC EDGAR

accession 0001630805-26-000028

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