Earnings Releases·Nov 9, 2026, 4:25 PM ET

Babcock & Wilcox Enterprises — Third Quarter 2026 Earnings Summary

Revenue surged 109% year-over-year to $290.8 million, driven by large project volume including $77.8 million from Base Electron, while net income rose to $93.9 million and EPS reached $0.61.
Backlog expanded 571% to $2.5 billion and bookings increased 112% to $228 million, with management reiterating 2026 Adjusted EBITDA guidance of $80.0–$105.0 million and issuing a new 2027 target range of $125–$140 million.
Strategic capital management included a $38 million share repurchase and the full redemption of $62 million in bonds, reducing total debt to $166.4 million and improving stockholders' equity to $109.6 million from a prior deficit.
Future outlook remains optimistic supported by a $16 billion global pipeline and over 6 gigawatts of data center opportunities, though the company faces ongoing headwinds from skilled labor shortages, supply chain disruptions, and macroeconomic volatility.