Babcock & Wilcox (BW) Reports Q1 Loss of $0.72/sh

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Go back to Babcock & Wilcox (BW) Reports Q1 Loss of $0.72/sh

Babcock & Wilcox Enterprises Announces First Quarter 2020 Results

May 14, 2020 5:03 PM EDT

- Company generated consolidated revenues of $148.6 million in the first quarter of 2020

- GAAP consolidated operating income improved by $21.7 million over the prior-year quarter to an operating loss of $10.3 million

- Consolidated adjusted EBITDA improved by $5.1 million over the prior-year quarter

- Babcock & Wilcox segment adjusted EBITDA improved by 17.2% over the prior-year quarter to $10.7 million

- Company successfully completed its financing process, providing a two-year credit extension and additional liquidity

AKRON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. ("B&W Enterprises") (NYSE: BW) announced today first quarter 2020 GAAP loss from... More