NYSE$BW
Babcock & Wilcox Enterprises Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Babcock & Wilcox's Q4 2023 results were announced, showing a mix of revenue performance and strategic realignment efforts.
Babcock & Wilcox reported Q4 2023 revenues of $227.2 million, a net loss of $54.3 million, and adjusted EBITDA of $19.5 million. The company is focused on strategic realignment, cost savings, and developing its BrightLoop and ClimateBright technologies.
- Revenues decreased primarily due to the completion of several lower margin renewable projects.
- Net loss was $54.3 million, impacted by non-cash pension mark-to-market adjustments.
- Adjusted EBITDA was $19.5 million, compared to $21.0 million in the fourth quarter of 2022.
- Bookings in the fourth quarter were $250.3 million, compared to $174.0 million in the fourth quarter of 2022.
Headline financials
Revenue & EPS history
Babcock & Wilcox · Revenue · Quarterly
$227M
Forward guidance
Babcock & Wilcox anticipates a strong year for new bookings and financial performance in 2024, with high growth potential in the Thermal and Environmental segments. The company is focused on its renewable energy strategy and the development of its BrightLoop technology.
Tailwinds
- Expects a strong year for new bookings and financial performance across all segments.
- Believes Thermal and Environmental segments have the highest growth potential for 2024.
- Continues developmental efforts around decarbonization and hydrogen generation platform.
- Focuses on activities required to deploy BrightLoop technology at commercial scale.
- Awarded $16 million grant from the Wyoming Energy Authority.
Headwinds
- Faces liquidity challenges arising primarily from losses recognized on B&W Solar loss contracts.
- Macroeconomic conditions, including inflation and higher interest rates, impact the company.
- Geopolitical conflicts and global supply chain disruptions continue to have an impact.
- Cost increases and delays could adversely impact the ability to meet customers’ demands.
- Uncertainty regarding the duration and scope of market conditions makes it difficult to estimate negative financial impact.
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 2023
-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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