Babcock & Wilcox (BW) Misses Q1 EPS by $2.00

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Go back to Babcock & Wilcox (BW) Misses Q1 EPS by $2.00

Babcock & Wilcox Announces First Quarter 2018 Results

May 8, 2018 4:06 PM EDT

- Reaffirming 2018 guidance

- U.K. Renewable projects progressing towards completion

- MEGTEC and Universal strategic processes ongoing

- Raised $248.5 million through rights offering; repaid second-lien term loan

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) announced today first quarter 2018 revenues of $311.4 million, a decrease of $79.7 million, or 20%, compared to the first quarter of 2017. GAAP earnings per share in first quarter 2018 were a loss of $2.73 compared to a loss per share of $0.14 in first... More