Overview
Energy services firm's Q4 revenue beats analyst expectations
Adjusted EBITDA from cont ops for Q4 increased 53% yr/yr, driven by strategic advancements
Company signed $2.4 bln AI data center project
Outlook
Company sees strong demand for AI data center power solutions
Babcock & Wilcox's global pipeline exceeds $12 bln in project opportunities, driven by power demand
Company expects continued growth in coal power generation demand
Result Drivers
COAL GENERATION USAGE - Increased coal generation usage and higher baseload demand in North America boosted parts & services revenues by 17%
DEBT REDUCTION - Company significantly reduced debt, resulting in net debt of $119.7 mln
Company press release: ID:nBw1hBfSsa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $161 mln | $155.60 mln (4 Analysts) |
Q4 EPS from cont ops | -$0.05 | ||
Q4 Net Income | $9.20 mln | ||
Q4 Operating Income | $12.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 is $9.50, about 17.3% above its March 3 closing price of $8.10
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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