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0 0 0.049792531120332 -0.103734439834025 -0.066390041493776 -0.0124481327800829 -0.0124481327800829 -0.0497095435684648
Stock impact report

Babcock & Wilcox Enterprises Reports Third Quarter 2024 Results

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: Business Wire
Announced divestiture of two assets as we continue to pursue strategic sales and debt refinancing to further improve the balance sheet and support future growthAnnounced total YTD implied bookings of $810.5 million, including $543.9 million of bookings, a 27% increase compared to same period of 2023Excluding divestitures, announced implied backlog of $628.2 million, which includes $361.6 million of backlog, a 48% increase compared to the same period of 2023Received final approval to proceed on a previously announced $246 million natural gas conversion project in Indiana as of November 2024Began ramp up to BrightLoop™ project in Massillon, Ohio targeted to produce hydrogen and sequester CO2 by early 2026Q3 2024 Continuing Operations Financial HighlightsSignificantly improved margin performance, which helped meet adjusted EBITDA and net income expectations for the quarter when adjusted for one-time itemsRevenue of $209.9 million, compared to revenue of $239.4 million, in the third quart Show less Read more
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