Babcock & Wilcox Enterprises' Q2 revenue misses expectations
Overview
Babcock & Wilcox Q2 revenue of $144.1 mln missed analyst expectations
Adjusted EBITDA of $21.6 mln exceeded street expectations by 76%
Outlook
Company expects strong demand for base-load generation technologies
Babcock & Wilcox sees growth in Global Parts & Services business
Result Drivers
GLOBAL PARTS & SERVICES - 31% revenue increase driven by demand from AI and data centers
BACKLOG INCREASE - 49% rise in backlog due to higher demand for Thermal projects
OPERATING INCOME - Improved operating income attributed to lower project volume and costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $144.10 mln | $174 mln (3 Analysts) |
Q2 EPS |
| -$0.63 |
|
Q2 Net Income |
| -$58.50 mln |
|
Q2 Operating Income |
| $8.10 mln |
|
Q2 Pretax Profit |
| -$2.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy electrical equipment peer group is "buy."
Wall Street's median 12-month price target for Babcock & Wilcox Enterprises Inc is $1.50, about 12% above its August 8 closing price of $1.32
Press Release: ID:nBw27kwvTa
