NYSE$BW

Babcock & Wilcox Enterprises Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported strong improvements in revenue, net income, and adjusted EBITDA.

Babcock & Wilcox Enterprises reported a strong second quarter with significant year-over-year improvements. Revenues increased by 49.8% to $202.9 million, net income was $3.1 million compared to a net loss of $18.1 million in the second quarter of 2020, and consolidated adjusted EBITDA was $15.1 million, compared to $1.7 million in the prior year period.

  • Revenues of $202.9 million, a 49.8% improvement compared to second quarter 2020
  • Net income of $3.1 million, compared to net loss of $18.1 million in second quarter 2020
  • Earnings per share of $0.02, compared to loss per share of $0.39 in second quarter 2020
  • Bookings of $168 million, a 100% improvement compared to second quarter of 2020

Headline financials

Total Revenue

$203M

Previous: $135M+49.8%
EPS (adj)

$0.02

Previous: -$0.26+107.7%
Adjusted EBITDA

$15.1M

Previous: $1.4M+978.6%
Total Backlog

$500M

No prior period
Capital Expenditures

-$2.17M

Previous: -$1.68M-29.4%
Free Cash Flow

$958K

Previous: -$19.8M+104.8%
Net Income

$3.13M

Previous: -$18.1M+117.3%
Operating Income

$2.78M

Previous: -$7.7M+136.1%
Gross Profit

$44.1M

Previous: $32.5M+35.6%
Cash & Equivalents

$30.1M

Previous: $36.8M-18.3%
Total Assets

$665M

Previous: $578M+15.1%

Revenue & EPS history

Babcock & Wilcox · Revenue · Quarterly

$203M

Q2 2021+49.8%vs Q2 2020
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Forward guidance

The company is targeting adjusted EBITDA of $70-$80 million in 2021 and $95-$105 million in 2022.

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 Q2 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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