Loading...
•
Dec 31, 2022
Babcock & Wilcox Q4 2022 Earnings Report
Babcock & Wilcox reported seasonally strong fourth quarter results, improved significantly on a sequential basis.
Key Takeaways
Babcock & Wilcox Enterprises reported Q4 2022 results with consolidated revenues of $249.9 million, a 30% increase compared to Q4 2021. Net income was $5.7 million, and operating income was $9.3 million. The company achieved bookings of $197.0 million in the quarter.
Consolidated revenues increased by 30% to $249.9 million compared to the fourth quarter of 2021.
Net income decreased to $5.7 million compared to $30.2 million in the fourth quarter of 2021, primarily related to non-cash items.
Operating income was $9.3 million compared to $9.7 million in the fourth quarter of 2021.
Bookings were $197.0 million, in line with the fourth quarter of 2021.
Forward Guidance
B&W reiterates its full-year 2023 adjusted EBITDA target of $100 million to $120 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...