Recap: Babcock & Wilcox Q1 Earnings

Shares of Babcock & Wilcox BW decreased 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 69.44% year over year to ($0.22), which missed the estimate of ($0.01).

Revenue of $168,200,000 up by 13.19% from the same period last year, which beat the estimate of $151,750,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Babcock & Wilcox hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 13, 2021

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/eventRegistrationServlet?referrer=https%3A%2F%2Finvestors.babcock.com%2F&eventid=3081678&sessionid=1&key=7C9FB3B9BC0F581051D3D2609FA6388F&regTag=&V2=false

Price Action

Company's 52-week high was at $9.90

Company's 52-week low was at $1.69

Price action over last quarter: Up 3.70%

Company Overview

Babcock & Wilcox Enterprises Inc provides advanced fossil and renewable power generation and environmental equipment. The firm operates in three segments: B&W Renewable segment; B&W Environmental segment; and B&W Thermal segment. Majority of the revenue is derived from B&W Renewable segment that provides cost-effective technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, biomass energy and black liquor systems for the pulp and paper industry. B&W's technologies support a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.