Babcock & Wilcox (BW) Misses Q1 EPS by 7c
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Babcock & Wilcox Enterprises Reports First Quarter 2024 Results
May 9, 2024 4:15 PM EDTExceeded expectations with Revenue of $207.6 million and Operating Income of $4.3 million Increased Full Year 2024 Adjusted EBITDA target range to $105.0 million to $115.0 million, excluding BrightLoopTM and ClimateBrightTM expenses Announced 2024 contract signings and awards of approximately $500.0 million, nearly double the amount in the same period last year Announced backlog of $532.8 million and implied backlog of $826.4 million in project opportunities Achieved annualized cost savings of approximately $20.0 million to date related to strategic business realignment progressing toward stated target of over $30.0 million
Q1 2024 Continuing... More
