• Reported GAAP EPS of -$0.60 down -130.77% YoY • Reported revenue of $214.41M up 44.29% YoY
Bullish
Babcock & Wilcox Enterprises Inc. achieved substantial revenue growth and strong bookings of $2.5B, leading to a $2.7B backlog. Improved operating cash flow and reduced interest expense also contributed positively.
Bearish
Babcock & Wilcox Enterprises Inc. reported a significant increase in net loss to -$76.9M, driven by customer warrant expense and higher SG&A, while material weaknesses in internal controls remain unremediated.