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

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

Babcock & Wilcox Announces Third Quarter 2017 Results

November 8, 2017 4:05 PM EST

- U.K. Renewable new-build projects continue to advance

- Cost-savings actions targeting $45 million in annual savings underway

- Evaluating strategic alternatives for MEGTEC and Universal

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) announced today third quarter 2017 revenues of $408.7 million, a decrease of $2.3 million, or 0.5%, compared to the third quarter of 2016. GAAP earnings per share in third quarter 2017 were a loss of $2.48 compared to earnings per share of $0.18 in third quarter 2016. Included in third quarter 2017 GAAP earnings are... More