Babcock & Wilcox Company ( (BW) ) has provided an update.
Babcock & Wilcox Enterprises reported its third quarter 2024 financials, showcasing a strategic focus on growth and balance sheet improvement. The company increased its year-to-date bookings by 27% and its backlog by 48% compared to last year, while advancing key projects like a $246 million natural gas conversion in Indiana and the BrightLoop hydrogen production in Ohio. Despite divestitures and operational challenges, B&W improved its adjusted EBITDA, demonstrating resilience and a positive outlook driven by growing energy demand and strategic asset sales.
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