Quarterly ResultAug 10, 2026, 04:40 PM
Babcock & Wilcox Q2 Revenue $319.7M, EPS $0.07; Swings to Profit
AI Summary
Babcock & Wilcox Enterprises reported a significant turnaround in its second quarter 2026 financial results, with revenue more than doubling and the company swinging to a net profit. This improvement follows the completion of a strategic initiative to divest non-core businesses, which has positively impacted the company's financial health, including a substantial increase in cash and a shift to positive stockholders' equity.
Key Highlights
- Q2 2026 revenue increased to $319.7 million from $138.9 million year-over-year.
- Diluted EPS for Q2 2026 was $0.07, swinging from a loss of $0.63 year-over-year.
- Net income attributable to common stockholders was $10.5 million in Q2 2026.
- Cash and cash equivalents rose to $308.6 million as of June 30, 2026.
- Total stockholders' equity turned positive at $57.4 million from a deficit of $131.5 million.
- Net cash provided by operating activities was $0.4 million for H1 2026, up from $(33.8) million.
- The company completed its strategic divestiture of non-core businesses, with no further divestments planned.
- Q2 2026 Projects revenue was $156.8 million, and Construction revenue was $102.9 million.
Price Impact
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