Babcock & Wilcox Enterprises Announces First Quarter 2020 Results

- Company generated consolidated revenues of $148.6 million in the first quarter of 2020 - GAAP consolidated operating income improved by $21.7 million over the prior-year quarter to an operating loss of $10.3 million - Consolidated adjusted EBITDA improved by $5.1 million over the prior-year quarter - Babcock & Wilcox segment adjusted EBITDA improved by 17.2% over the prior-year quarter to $10.7 million - Company successfully completed its financing process, providing a two-year credit extension and additional liquidity (AKRON, Ohio – May 14, 2020) – Babcock & Wilcox Enterprises, Inc. ("B&W Enterprises") (NYSE: BW) announced today first quarter 2020 GAAP loss from continuing operations of $33.5 million, an improvement of $16.3 million compared to a loss of $49.9 million in first quarter 2019. Adjusted EBITDA was a positive $0.7 million, an improvement of $5.1 million compared to negative adjusted EBITDA of $4.4 million in the prior year period, resulting in the Company's fourth consecutive quarter of profitability on an adjusted EBITDA basis.

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B&W shores up new projects in Bangladesh

There’s no mountain high enough, no valley low enough, and no river wide enough to keep us from trying to find a steam generation system’s ‘fountain of youth’ and restore units to peak performance.

Oil Sands Frequently Ask Questions

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Babcock & Wilcox (B&W) offre soluzioni e servizi tecnologici ecocompatibili ai produttori d’energia e alle industrie di tutto il mondo in modo sicuro, etico e conforme alle promesse.