Babcock & Wilcox (BW) Misses Q1 EPS by 21c, Revenues Beat

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Go back to Babcock & Wilcox (BW) Misses Q1 EPS by 21c, Revenues Beat

Babcock & Wilcox Enterprises Reports First Quarter 2021 Results

May 13, 2021 6:30 AM EDT

Strong First Quarter With Year-Over-Year Improvements Across Revenue, Net Income, Adjusted EBITDA

Q1 2021 Highlights:
- Revenues of $168.2 million, a 13.3% improvement compared to first quarter 2020
- Net loss of $15.5 million, compared to net loss of $31.5 million in first quarter 2020
- Loss per share of $0.22, compared to loss per share of $0.68 in first quarter 2020
- Consolidated adjusted EBITDA of $8.5 million, compared to $1.0 million in first quarter 2020
- Positive adjusted EBITDA reported by all segments
- Strong bookings of $169 million
- Reduced minimum required pension funding contributions... More