Feb 6 (Reuters) - Southern California Edison (SCE), a subsidiary of Edison International ( EIX ), said on Thursday that it was probing whether its equipment was associated with the ignition of two Los Angeles-area wildfires this year. In what is expected to be the most expensive natural disaster in U.S. history, several wildfires tore across Los Angeles starting on...

Huntington Ingalls Industries Inc ( HII ) shares are trading lower after it reported fourth-quarter FY24 results. Sales and service revenue increased 5.4% year-over-year to $3.00 billion, missing the consensus of $3.05 billion. Ingalls Shipbuilding $736 million (-8.0% Y/Y), Newport News Shipbuilding $1.59 billion (-4.6% Y/Y), and Mission Technologies $713 million (-4.3% Y/Y). Operating income decreased 64.7% Y/Y to $110 million, and the margin contracted by 616 bps to 3.7%. Segment operating income was $103 million (-68.8% Y/Y), and the margin was 3.4%, down 696 bps...

10:52 AM EST, 02/06/2025 (MT Newswires) -- Babcock & Wilcox Enterprises ( BW ) said Thursday its Babcock & Wilcox Construction unit has won $35 million in contracts to provide maintenance and service work at power plants and industrial facilities in North America. The company reports a backlog of more than $160 million in construction services as it enters 2025....

10:55 AM EST, 02/06/2025 (MT Newswires) -- Price: 67.65, Change: +0.53, Percent Change: +0.79 ...