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Jun 30, 2021
Babcock & Wilcox Q2 2021 Earnings Report
Reported strong improvements in revenue, net income, and adjusted EBITDA.
Key Takeaways
Babcock & Wilcox Enterprises reported a strong second quarter with significant year-over-year improvements. Revenues increased by 49.8% to $202.9 million, net income was $3.1 million compared to a net loss of $18.1 million in the second quarter of 2020, and consolidated adjusted EBITDA was $15.1 million, compared to $1.7 million in the prior year period.
Revenues of $202.9 million, a 49.8% improvement compared to second quarter 2020
Net income of $3.1 million, compared to net loss of $18.1 million in second quarter 2020
Earnings per share of $0.02, compared to loss per share of $0.39 in second quarter 2020
Bookings of $168 million, a 100% improvement compared to second quarter of 2020
Forward Guidance
The company is targeting adjusted EBITDA of $70-$80 million in 2021 and $95-$105 million in 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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