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Sep 30, 2022
Babcock & Wilcox Q3 2022 Earnings Report
Reported a net loss compared to net income in the same quarter last year, but revenues increased.
Key Takeaways
Babcock & Wilcox Enterprises reported Q3 2022 results with revenues increasing by 34% year-over-year to $214.9 million. However, the company experienced a net loss of $20.6 million, compared to a net income of $13.6 million in Q3 2021. The company's bookings and backlog also increased by 31% and 35%, respectively.
Revenues increased by 34% year-over-year to $214.9 million.
Net loss was $(20.6) million, compared to a net income of $13.6 million in Q3 2021.
Bookings increased by 31% year-over-year to $227 million.
Ending backlog increased 35% year-over-year to $730 million.
Forward Guidance
The company anticipates that full year 2023 Adjusted EBITDA will range from $100 million to $120 million, given the current global supply chain challenges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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