Babcock & Wilcox (BWC) Tops Q3 EPS by 8c; Will Spin Off Power Generation Unit

Babcock & Wilcox (NYSE: BWC) reported Q3 EPS of $0.53, $0.08 better than the analyst estimate of $0.45. Revenue for the quarter came in at $737.9 million versus the consensus estimate of $752.85 million.

In a separate release issued today, the Company also announced that its Board of Directors has unanimously approved pursuing the tax-free spin-off of the Company’s Power Generation business to B&W shareholders. The planned separation of the Power Generation and Government & Nuclear Operations businesses is expected to create two independent, publicly-traded companies equipped with the resources, strategic autonomy, and financial flexibility to enhance long-term shareholder value.

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

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