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Dec 31, 2021
Babcock & Wilcox Q4 2021 Earnings Report
Reported a milestone year with significant growth in revenue and net income and achieved its 2021 Adjusted EBITDA target.
Key Takeaways
Babcock & Wilcox Enterprises reported strong Q4 and full year 2021 results, achieving its 2021 adjusted EBITDA target and the highest level of annual bookings since 2017. The company is positioned for an even stronger 2022 with recent and anticipated bookings.
Revenues of $192.3 million
Net income of $30.2 million, more than six times net income in the fourth quarter of 2020
Earnings per share of $0.30
Bookings of $269.0 million, a 61.1% increase compared to fourth quarter bookings in 2020
Babcock & Wilcox
Babcock & Wilcox
Forward Guidance
The company is reiterating its 2022 target of $110 million to $120 million in adjusted EBITDA.