NYSE$BW
Babcock & Wilcox Enterprises Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Babcock & Wilcox announced third quarter results, reporting improved margin performance and progress on strategic sales and debt refinancing.
Babcock & Wilcox reported Q3 2024 results with revenue of $209.9 million and a net loss of $11.1 million. The company highlighted improved margin performance and progress on strategic sales and debt refinancing. Adjusted EBITDA was $22.3 million.
- Announced divestiture of two assets to improve balance sheet and support future growth
- Total YTD implied bookings of $810.5 million, including $543.9 million of bookings, a 27% increase compared to same period of 2023
- Excluding divestitures, announced implied backlog of $628.2 million, which includes $361.6 million of backlog, a 48% increase compared to the same period of 2023
- Received final approval to proceed on a previously announced $246 million natural gas conversion project in Indiana as of November 2024
Headline financials
Revenue & EPS history
Babcock & Wilcox · Revenue · Quarterly
$210M
Forward guidance
The company expects increasing operating momentum driven by its Thermal and Environmental segments, as the fourth quarter is historically a seasonally strong period for B&W’s businesses, with increased services and project schedules from our customers.
Tailwinds
- Increasing operating momentum driven by Thermal and Environmental segments
- Fourth quarter is historically a seasonally strong period for B&W’s businesses
- Increased services and project schedules from customers
- Business as a whole prior to divestitures is on target to achieve stated goals in 2024
- Global pipeline of over $9 billion in identified project opportunities remains healthy across all business segments
Headwinds
- Impacts from inflation
- Changing interest rates and foreign exchange rate volatility
- Geopolitical conflicts
- Global shipping and supply chain disruptions
- Cost increases and delays or disruptions
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 2024
-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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