NYSE$BW

Babcock & Wilcox Enterprises Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported a milestone year with significant growth in revenue and net income and achieved its 2021 Adjusted EBITDA target.

Babcock & Wilcox Enterprises reported strong Q4 and full year 2021 results, achieving its 2021 adjusted EBITDA target and the highest level of annual bookings since 2017. The company is positioned for an even stronger 2022 with recent and anticipated bookings.

  • Revenues of $192.3 million
  • Net income of $30.2 million, more than six times net income in the fourth quarter of 2020
  • Earnings per share of $0.30
  • Bookings of $269.0 million, a 61.1% increase compared to fourth quarter bookings in 2020

Headline financials

Total Revenue

$192M

Previous: $150M+28.3%
EPS (adj)

$0.30

Previous: $0.09+233.3%
Adjusted EBITDA

$27.9M

Previous: $16.1M+73.3%
Capital Expenditures

$2.47M

Previous: $5.96M-58.6%
Free Cash Flow

-$5.83M

Previous: $20.5M-128.4%
Net Income

$30.2M

Previous: $4.6M+556.5%
Operating Income

$9.7M

Previous: $2.2M+340.9%
Gross Profit

$53.3M

Previous: $42.1M+26.6%
Cash & Equivalents

$225M

Previous: $57.3M+292.2%
Total Assets

$913M

Previous: $599M+52.4%

Revenue & EPS history

Babcock & Wilcox · Revenue · Quarterly

$192M

Q4 2021+28.3%vs Q4 2020
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

The company is reiterating its 2022 target of $110 million to $120 million in adjusted EBITDA.

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 Q4 2021

Historical avgQ4 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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