NYSE$BW

Babcock & Wilcox Enterprises Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Improved significantly, driven by a loss recovery from historical European EPC loss projects and execution of turnaround strategy.

Babcock & Wilcox Enterprises reported improved third quarter results, driven by a loss recovery from historical European EPC loss projects and reflecting the ongoing execution of its turnaround strategy. The company reported revenues of $132.5 million and net income of $34.7 million.

  • Revenues of $132.5 million
  • Net income of $34.7 million, a $91.7 million improvement
  • Adjusted EBITDA of $25.6 million with adjusted EBITDA margin of 19.3%
  • Diluted EPS improved to $0.69, compared to $(1.39)

Headline financials

Total Revenue

$133M

Previous: $199M-33.3%
EPS (adj)

$0.69

Previous: -$1.39+149.6%
Capital Expenditures

-$2.27M

Previous: -$1.63M-39.2%
Free Cash Flow

$32.5M

Previous: -$58.6M+155.4%
Net Income

$34.7M

Previous: -$57M+161.0%
Operating Income

$14.1M

Previous: -$3.18M+543.0%
Gross Profit

$57.4M

Previous: $40.4M+42.1%
Cash & Equivalents

$38.9M

Previous: $32.1M+21.4%
Total Assets

$606M

Previous: $673M-9.9%

Revenue & EPS history

Babcock & Wilcox · Revenue · Quarterly

$133M

Q3 2020-33.3%vs Q3 2019
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

The company continues to target between $70 million and $80 million of adjusted EBITDA in 2021.

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 Q3 2020

Historical avgQ3 2020

-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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