NYSE$BW
Babcock & Wilcox Enterprises Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Babcock & Wilcox exceeded first quarter expectations with strong results, driven by increased volumes across Renewable and Environmental segments, leading to consolidated revenue and adjusted EBITDA above expectations.
Babcock & Wilcox reported a 26% increase in consolidated revenues to $257.2 million, driven by higher volumes in the Renewable and Environmental segments. The company's net loss was $12.5 million, and GAAP operating income was $1.4 million. Adjusted EBITDA was $14.2 million, and bookings increased by 11% to $266 million.
- Consolidated revenues increased by 26% to $257.2 million, primarily due to higher volumes in the Renewable and Environmental segments.
- Net loss was $12.5 million, primarily related to foreign exchange losses and non-cash pension expenses.
- GAAP operating income was $1.4 million, compared to an operating loss of $6.8 million in the first quarter of 2022.
- Bookings increased by 11% to $266 million, and ending backlog increased by over 15% to $663 million.
Headline financials
Revenue & EPS history
Babcock & Wilcox · Revenue · Quarterly
$252M
Forward guidance
The company expects improved full-year performance, supported by strategic growth initiatives and a strong pipeline of global project opportunities.
Tailwinds
- Success in qualifying additional suppliers.
- Capitalizing on growing customer demand across all business segments.
- Advancement of strategic growth initiatives.
- Significant traction with BrightLoop™ technology.
- Expanded pipeline of $8 billion in identified global project opportunities.
Headwinds
- Continued supply chain pressures.
- Rising inflation.
- Higher interest rates.
- Foreign exchange rate fluctuations.
- Impact of the ongoing conflict in Ukraine and the COVID-19 pandemic.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-3.9%
Avg return
Earnings day
-1.7%
Avg return
5 days after
+2.3%
Avg return
30 days after
46%
21 / 46 earnings
Positive
+45.8%
Q1 2025
Best reaction
-72.5%
Q2 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +29.6% | +49.9% | +0.6% | |
| Q4 2025 | +45.7% | +66.5% | +94.1% | |
| Q3 2025 | +28.5% | +84.5% | +51.9% | |
| Q1 2025 | +45.8% | +21.9% | +72.8% | |
| Q4 2024 | -31.9% | -51.0% | -31.4% | |
| Q3 2024 | -31.2% | -32.7% | -31.2% | |
| Q2 2024 | +6.3% | -4.5% | +2.7% | |
| Q1 2024 | +10.3% | -2.6% | +1.7% | |
| Q4 2023 | -19.5% | -6.3% | +15.2% | |
| Q3 2023 | -55.1% | -44.0% | -28.2% | |
| Q2 2023 | +4.4% | +6.5% | +1.2% | |
| Q1 2023 | -9.6% | -7.6% | -4.0% | |
| Q4 2022 | +1.7% | -3.3% | +11.1% | |
| Q3 2022 | +1.6% | +11.4% | +19.7% | |
| Q2 2022 | -9.7% | -2.0% | -3.4% | |
| Q1 2022 | -27.2% | -14.0% | +2.3% | |
| Q4 2021 | +11.9% | +16.3% | +16.5% | |
| Q3 2021 | +21.4% | +31.9% | +15.7% | |
| Q2 2021 | +1.2% | -7.2% | -14.8% | |
| Q1 2021 | +5.8% | +11.4% | +16.6% | |
| Q4 2020 | +4.0% | +9.5% | +32.0% | |
| Q3 2020 | +2.6% | +14.2% | +74.3% | |
| Q2 2020 | -8.3% | -4.7% | -16.3% | |
| Q4 2019 | -14.2% | -26.7% | -26.0% | |
| Q3 2019 | -5.5% | -5.9% | -34.2% | |
| Q2 2019 | -1.1% | +1.4% | -5.2% | |
| Q1 2019 | -6.7% | -14.4% | -10.4% | |
| Q4 2018 | -31.0% | -15.6% | +22.9% | |
| Q3 2018 | +6.3% | -9.1% | -10.6% | |
| Q2 2018 | -28.1% | -27.0% | -31.1% | |
| Q1 2018 | -0.7% | +1.1% | -10.7% | |
| Q4 2017 | -13.1% | -9.4% | -31.3% | |
| Q3 2017 | +8.5% | +8.2% | +16.9% | |
| Q2 2017 | -72.5% | -70.5% | -71.9% | |
| Q1 2017 | +12.4% | +8.1% | +15.4% | |
| Q4 2016 | -40.3% | -39.4% | -45.8% | |
| Q3 2016 | -11.4% | -15.9% | -1.8% | |
| Q2 2016 | +3.3% | +7.6% | +11.7% | |
| Q1 2015 | -3.9% | — | — | |
| Q1 2016 | -3.9% | — | — | |
| Q4 2013 | -7.9% | — | — | |
| Q4 2015 | -7.9% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2014 | +5.3% | — | — | |
| Q2 2015 | +5.3% | — | — | |
| Q1 2014 | — | — | — |
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