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Stock impact report

Babcock & Wilcox Enterprises Inc (BW) Q3 2024 Earnings Call Highlights: Strategic Moves and ... [Yahoo! Finance]

Babcock & Wilcox Enterprises, Inc. (BW) 
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm Check Earnings Report
US:NYSE Investor Relations: babcockwinery.com
Company Research Source: Yahoo! Finance
Babcock & Wilcox Enterprises Inc ( NYSE:BW ) reported significant operating margin improvement year-over-year, driven by strategic actions to avoid lower-margin projects and improve project performance. The company has a strong pipeline of 12 to 15 active front-end engineering design studies, representing potential projects worth over $1 billion. Babcock & Wilcox Enterprises Inc ( NYSE:BW ) has increased its implied backlog by 48% compared to the same period last year, excluding divestitures. The company has made progress on its cost reduction efforts, achieving $26.5 million in cost savings towards a target of over $30 million in annualized savings. Babcock & Wilcox Enterprises Inc ( NYSE:BW ) continues to invest in its Brightloop and ClimateBright technologies, with expectations of higher margins and growth in the future. The company recorded a $5.8 million non-cash impairment related to the sale of an asset and a $4.9 million settlement to exit a loss-generating contract Show less Read more
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