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Babcock & Wilcox Enterprises, Inc.

Babcock & Wilcox Enterprises, Inc.

NYSE•BW
CEO: Mr. Kenneth M. Young
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 2015-06-16
Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal. The Babcock & Wilcox Renewable segment offers technologies divert the waste from landfills for power generation and replacing fossil fuels and recovering metals and reducing emissions. It offers BrightLoop, a hydrogen generation technology that generates hydrogen from a range of fuels, including solid fuels, such as biomass and coal. This segment also provides technologies for power and heat generation comprising waste-to-energy; OxyBright, an oxygen-fired biomass-to-energy technology; and black liquor systems for the pulp and paper industry. The Babcock & Wilcox Environmental segment offers a range of emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black, and industrial steam generation applications. This segment provides systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control under the SolveBright, OxyBright, BrightLoop, and BrightGen names. The Babcock & Wilcox Thermal segment offers aftermarket parts, construction, maintenance, engineered upgrades, and field services for its installed bases, as well as the installed base of other OEMs for power generation, oil and gas, petrochemical, food and beverage, metals and mining, and others. This segment also provides steam generation systems, including package boilers, watertube and firetube waste heat boilers, and other boilers to medium and heavy industrial customers. Babcock & Wilcox Enterprises, Inc. was founded in 1867 and is based in Akron, Ohio.
Contact Information
1200 East Market Street, Suite 650, Akron, OH, 44305, United States
330-753-4511
www.babcock.com
Market Cap
$1.05B
P/E (TTM)
-9.0
40
Dividend Yield
--
52W High
$9.63
52W Low
$0.22
52W Range
98%
Rank71Top 99.6%
1.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$149.01M-28.99%
4-Quarter Trend

EPS

$0.30-405.81%
4-Quarter Trend

FCF

-$37.63M-47.61%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Operating Income Reverses Loss Operating income $14.9M for nine months 2025, reversing prior year loss of $(1.9M); driven by improved cost mix and parts volume.
Continuing Operations Loss Narrows Loss from continuing operations decreased $21.2M to $(22.4M) for nine months 2025, benefiting from debt extinguishment gain.
Cash Position Significantly Improved Total cash, equivalents, and restricted cash reached $201.1M at September 30, 2025, up $70.0M from year-end 2024.
Non-Core Asset Sales Complete Realized $187.5M net proceeds from non-core sales including Diamond Power, supporting debt reduction efforts and liquidity.

Risk Factors

Internal Controls Not Effective Disclosure controls and procedures were not effective as of September 30, 2025; material weaknesses remain unremediated in reporting.
Debt Refinancing Uncertainty Remains Ability to refinance debt on commercially reasonable terms remains uncertain, potentially impacting future liquidity and operations.
Project Timing Impacts Revenue Revenue highly dependent on large project volume timing; lower project volume impacted Q3 2025 Environmental segment results.
Macroeconomic Volatility Exposure Inflation, tariffs, and geopolitical conflicts continue to create cost increases and potential delays impacting customer demands.

Outlook

Major AI Project Secured Entered LNTP for $1.5B+ Applied Digital AI factory power project, targeting 2028 operation with new gas turbine plants.
Debt Reduction Actions Taken Completed $70.0M redemption of 8.125% Senior Notes in October 2025; actively discussing further non-core divestitures.
Liquidity Sufficient for Twelve Months Management concluded probable sufficient liquidity exists to fund operations for the next twelve months following the report date.
New Sales Agreement Launched Entered $200.0M At-The-Market offering agreement with B. Riley and Lake Street Capital Markets in November 2025.

Peer Comparison

Revenue (TTM)

JELD-WEN Holding, Inc.JELD
$3.30B
-15.3%
Magnera CorporationMAGN
$3.20B
+144.7%
Titan Machinery Inc.TITN
$2.55B
-8.9%

Gross Margin (Latest Quarter)

Spire Global, Inc.SPIR
36.6%
-7.9pp
Babcock & Wilcox Enterprises, Inc.BW
24.9%
+1.2pp
Luxfer Holdings PLCLXFR
23.4%
+0.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BW$1.05B-9.038.5%70.5%
MAGN$500.54M-3.1-14.5%50.5%
MTW$479.57M8.48.6%29.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
31.0%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:May 11, 2026
|
EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $149.01M-29.0%
    |
    EPS: $0.30-405.8%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $144.05M-38.3%
    |
    EPS: $-0.63-362.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $181.19M-12.7%
    |
    EPS: $-0.26+13.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 31, 2025|
    Revenue: $717.33M-1.4%
    |
    EPS: $-0.82+65.5%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $209.86M-12.3%
    |
    EPS: $-0.10-92.7%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $233.64M-23.4%
    |
    EPS: $0.24-518.1%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $207.56M-14.0%
    |
    EPS: $-0.23+27.8%
    Miss
  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 26, 2024|
    Revenue: $999.35M+19.3%
    |
    EPS: $-2.38-653.5%
    Miss