Overview

* Babcock & Wilcox ( BW ) Q2 revenue of $144.1 mln missed analyst expectations

* Adjusted EBITDA of $21.6 mln exceeded street expectations by 76%

Outlook

* Company expects strong demand for base-load generation technologies

* Babcock & Wilcox ( BW ) sees growth in Global Parts & Services business

Result Drivers

* GLOBAL PARTS & SERVICES - 31% revenue increase driven by demand from AI and data centers

* BACKLOG INCREASE - 49% rise in backlog due to higher demand for Thermal projects

* OPERATING INCOME - Improved operating income attributed to lower project volume and costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $144.10 $174 mln

Revenue mln (3

Analysts

)

Q2 EPS -$0.63

Q2 Net -$58.50

Income mln

Q2 $8.10

Operatin mln

g Income

Q2 -$2.20

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the heavy electrical equipment peer group is "buy."

* Wall Street's median 12-month price target for Babcock & Wilcox Enterprises Inc ( BW ) is $1.50, about 12% above its August 8 closing price of $1.32

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)