Babcock & Wilcox (BW) Misses Q3 EPS by 35c; Evaluating strategic alternatives for MEGTEC and Universal

Babcock & Wilcox (NYSE: BW) reported Q3 EPS of ($0.49), $0.35 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $408.7 million versus the consensus estimate of $415.46 million.

The Company initiated the process to evaluate strategic alternatives for its MEGTEC and Universal business lines. The Company has engaged William Blair & Company LLC as a financial advisor in connection with this process. In addition, the Company continues to evaluate potential options regarding non-core assets.

For earnings history and earnings-related data on Babcock & Wilcox (BW) click here.

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