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Sep 30, 2020
Babcock & Wilcox Q3 2020 Earnings Report
Improved significantly, driven by a loss recovery from historical European EPC loss projects and execution of turnaround strategy.
Key Takeaways
Babcock & Wilcox Enterprises reported improved third quarter results, driven by a loss recovery from historical European EPC loss projects and reflecting the ongoing execution of its turnaround strategy. The company reported revenues of $132.5 million and net income of $34.7 million.
Revenues of $132.5 million
Net income of $34.7 million, a $91.7 million improvement
Adjusted EBITDA of $25.6 million with adjusted EBITDA margin of 19.3%
Diluted EPS improved to $0.69, compared to $(1.39)
Forward Guidance
The company continues to target between $70 million and $80 million of adjusted EBITDA in 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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