NYSE$BW

Babcock & Wilcox Enterprises Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Babcock & Wilcox Enterprises Inc reported Q2 2025 results with revenue of $144.1 million and a net loss from continuing operations of $6.1 million.

The company achieved operating income of $8.1 million in the quarter despite a net loss from continuing operations. Revenue declined year-over-year primarily due to lower project volumes in Thermal and Environmental segments, partially offset by higher parts sales. Discontinued operations significantly impacted the overall net loss due to the Vølund divestiture.

  • Revenue totaled $144.1 million, down from $151.4 million in Q2 2024 due to reduced large project activity.
  • Operating income reached $8.1 million compared to a $4.4 million loss in the prior year quarter.
  • Loss from continuing operations narrowed to $6.1 million from $20.5 million year-over-year.
  • Backlog stood at $418.1 million with 55% expected to convert to revenue in 2025.

Headline financials

Total Revenue

$144M

Previous: $234M-38.3%
EPS (adj)

-$0.63

Previous: -$0.13-384.6%
Backlog

$418M

No prior period
Total Debt

$471M

No prior period
Capital Expenditures

-$7.08M

Previous: -$7.97M+11.2%
Net Income

-$58.5M

Previous: $25.3M-331.1%
Operating Income

$8.13M

Previous: $42.2M-80.7%
Cash & Equivalents

$23.4M

Previous: $95.5M-75.5%
Total Assets

$703M

Previous: $849M-17.2%

Revenue & EPS history

Babcock & Wilcox · Revenue · Quarterly

$144M

Q2 2025-38.3%vs Q2 2024
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Babcock & Wilcox · $144M total across 3 segments · Q2 2025

  • B&W Thermal
    $104M
  • B&W Environmental
    $20.8M
  • B&W Renewable
    $19M

Forward guidance

No explicit quantitative guidance provided.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

-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
Q2 2025
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 2016-3.9%
Q1 2015-3.9%
Q4 2015-7.9%
Q4 2013-7.9%
Q3 2015-0.8%
Q3 2014-0.8%
Q2 2014+5.3%
Q2 2015+5.3%
Q1 2014

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