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Babcock & Wilcox Company (BW)
NYSE:BW
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
-$0.65Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -36.36%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments, including significant operating improvements and strategic asset sales, alongside challenges like revenue decreases and onetime charges. The company's strategic shifts and cost-saving measures have driven better-than-expected EBITDA growth, suggesting a focus on future growth and financial stability.Company Guidance
During the Babcock & Wilcox Enterprises Q3 2024 earnings call, the company highlighted several key metrics and guidance for the future. The company reported a significant improvement in operating margin on a year-over-year basis, with adjusted EBITDA increasing by 78% from $12.6 million in Q3 2023 to $22.3 million in Q3 2024, excluding the impact of the divested BWRS business. The company revised its full-year 2024 EBITDA target to a range of $91 million to $95 million, excluding BrightLoop and ClimateBright expenses, after the divestiture of SPIG and GMAB businesses. B&W announced a $246 million natural gas conversion project in Indiana, which received PUC approval and will be included in the backlog in Q4 2024. Additionally, B&W is working on 12 to 15 active FEED studies, representing potential projects over $1 billion in revenue, and expects these industry tailwinds to provide a solid foundation for growth in 2025 and beyond. The company's implied backlog increased by 48%, excluding divestitures, compared to Q3 2023, with implied bookings surpassing $800 million. The balance sheet showed total debt of $475.4 million and cash balances of $127.9 million as of September 30, 2024.Significant Operating Margin Improvement
Babcock & Wilcox Enterprises achieved significant operating margin improvement year-over-year, with strong increases in adjusted EBITDA, operating income, and net income compared to the same period in 2023.
Strong Demand and Backlog Growth
The company reported a 48% increase in implied backlog at the end of the third quarter, excluding divestitures, compared to the same period last year. Implied bookings were over $800 million.
Natural Gas Conversion Project Approval
The $246 million natural gas conversion project in Indiana received PUC approval and a full notice to proceed, which will be added to the backlog in the fourth quarter.
Cost Reduction Achievements
Achieved $26.5 million in cost savings to date, working towards a target of over $30 million in annualized savings.
Strategic Asset Sales
Completed the sale of SPIG and GMAB businesses for net proceeds of $33.7 million, with total 2024 asset divestitures raising over $116 million.
Positive EBITDA Growth
Adjusted EBITDA, excluding BrightLoop and ClimateBright expenses, was $23.3 million, ahead of expectations for the quarter.
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BW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $2.53 | $1.81 | -28.46% |
| Aug 08, 2024 | $1.11 | $1.18 | +6.31% |
| May 09, 2024 | $1.22 | $1.29 | +5.74% |
| Mar 14, 2024 | $1.28 | $0.99 | -22.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Babcock & Wilcox Company (BW) report earnings?
Babcock & Wilcox Company (BW) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Babcock & Wilcox Company (BW) earnings time?
Babcock & Wilcox Company (BW) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BW EPS forecast?
BW EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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