Babcock & Wilcox Enterprises Reports Third Quarter 2020 Results

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Go back to Babcock & Wilcox Enterprises Reports Third Quarter 2020 Results

Babcock & Wilcox (BW) Reports Q3 EPS of $0.69, Revenues Beat

November 12, 2020 6:32 AM EST

Babcock & Wilcox (NYSE: BW) reported Q3 EPS of $0.69, versus ($1.39) reported last year. Revenue for the quarter came in at $132.5 million versus the consensus estimate of $127.32 million.

Management Commentary

Our third quarter results improved significantly, driven by a loss recovery from our historical European EPC loss projects, and reflecting the ongoing execution of our turnaround strategy," said Kenneth Young, B&W's CEO. "Despite the challenges presented by COVID-19 and its impact on revenues across our segments, adjusted EBITDA was... More