Babcock & Wilcox Q3 revenue more than doubles driven by an increase in large project volume

By Reuters News


Overview

  • U.S. energy technology firm's Q3 revenue rose 109% yr/yr, beating analyst expectations

  • Adjusted EBITDA for Q3 rose 88% yr/yr

  • Company repurchased $38 mln in shares during the quarter


Outlook

  • Babcock & Wilcox reiterates 2026 full-year adj EBITDA target range of $80 mln to $105 mln

  • Company issues 2027 full-year adj EBITDA target range of $125 mln to $140 mln


Result Drivers

  • LARGE PROJECT VOLUME - Revenue growth was primarily driven by increased large project volume, including contributions from Base Electron

  • ELECTRICITY DEMAND - Rising global electricity demand increased needs from utilities, industrial and data center customers, supporting core business lines

  • BOOKINGS AND BACKLOG - Significant growth in bookings and backlog contributed to financial performance


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$290.80 mln

$226.45 mln (4 Analysts)

Q3 EPS

$0.02

Q3 Net Income Attributable to Stockholders

$93.90 mln

Q3 Operating Income

$13.80 mln

Q3 Pretax Profit

$94.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "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 $21.50, about 561.5% above its November 6 closing price of $3.25

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 27 three months ago


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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