Babcock & Wilcox reports Q2 EPS 24c, consensus 0c

Reports Q2 revenue $233.6M, consensus $238.32M. “Our results in the second quarter reflect the increased demand for our diverse portfolio of technologies that support the generation of efficient and sustainable energy no matter the fuel source, and we believe that we are well positioned to capitalize on the continued growth in natural gas conversions, environmental solutions, carbon capture and new clean energy opportunities with utility and industrial customers. We also are excited about the advancement of our new technologies, including continuing to invest in several BrightLoop projects for the net negative production of hydrogen utilizing solid fuels, and we anticipate new bookings this year in both hydrogen generation and carbon capture projects as we further support the world’s energy transition,” commented Kenneth Young, B&W’s Chairman and CEO.