Babcock & Wilcox (BW) Reports Q3 Loss of $0.62/Share

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Go back to Babcock & Wilcox (BW) Reports Q3 Loss of $0.62/Share

Babcock & Wilcox Announces Third Quarter 2018 Results

November 8, 2018 4:08 PM EST

- Continued progress toward completion of Renewable projects, despite increased estimated costs
- $62 million in cost savings program underway; initial benefits realized in third quarter
- Strategic divestitures closed, for $190 million in combined gross proceeds

BARBERTON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) announced today third quarter 2018 revenues of $295.0 million, a decrease of $61.9 million, or 17.3%, compared to the third quarter of 2017. GAAP net loss, inclusive of discontinued operations, in third quarter 2018 was $105.7 million compared to $114.3 million in third quarter 2017; GAAP net loss from continuing operations in third quarter 2018... More