Babcock & Wilcox Enterprises Reports First Quarter 2021 Results
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Babcock & Wilcox (BW) Misses Q1 EPS by 21c, Revenues Beat
May 13, 2021 6:34 AM EDTBabcock & Wilcox (NYSE: BW) reported Q1 EPS of ($0.22), $0.21 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $168.2 million versus the consensus estimate of $151.75 million.
Q1 2021 Highlights:
Revenues of $168.2 million, a 13.3% improvement compared to first quarter 2020Net loss of $15.5 million, compared to net loss of $31.5 million in first quarter 2020Loss per share of $0.22, compared to loss per share of $0.68 in first quarter 2020Consolidated adjusted EBITDA of $8.5 million, compared to $1.0 million in first quarter 2020Positive adjusted EBITDA reported by all segmentsStrong bookings of $169 millionReduced... More