Babcock & Wilcox (BW) Reports Q4 Loss of $1.60/Share

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Go back to Babcock & Wilcox (BW) Reports Q4 Loss of $1.60/Share

Babcock & Wilcox Announces Fourth Quarter 2016 Results

February 28, 2017 4:06 PM EST

- Power segment in line with expectations; improves gross profit margin

- Industrial segment achieves strong revenue growth from acquisition

- Renewable segment enhancing execution model; takes charge on ongoing projects

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today fourth quarter 2016 revenues of $380.0 million, a decrease of $122.7 million, or 24.4%, compared to the fourth quarter of 2015. GAAP earnings per share for the fourth quarter of 2016 were a loss of $1.47 compared to a loss per... More