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Mar 31, 2021
Babcock & Wilcox Q1 2021 Earnings Report
Reported improvements across revenue, net income, and Adjusted EBITDA.
Key Takeaways
Babcock & Wilcox Enterprises reported a strong first quarter with year-over-year improvements across revenue, net income, and adjusted EBITDA. Revenues increased by 13.3% to $168.2 million, and the net loss decreased to $15.5 million from $31.5 million in the first quarter of 2020. The company's consolidated adjusted EBITDA was $8.5 million, compared to $1.0 million in the same period last year.
Revenues of $168.2 million, a 13.3% improvement compared to first quarter 2020
Net loss of $15.5 million, compared to net loss of $31.5 million in first quarter 2020
Consolidated adjusted EBITDA of $8.5 million, compared to $1.0 million in first quarter 2020
Strong bookings of $169 million
Forward Guidance
B&W expects to achieve adjusted EBITDA targets of $70-$80 million and $95-$105 million, in 2021 and 2022, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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