Babcock & Wilcox Enterprises — Third Quarter 2026 Earnings Summary

Babcock & Wilcox Enterprises reported third-quarter 2026 revenue of $290.8 million, representing a 109% increase from the same period in 2025, driven by higher large project volumes including $77.8 million from Base Electron. The company achieved net income of $93.9 million and adjusted EBITDA of $17.7 million, while bookings rose 112% to $228 million and backlog surged 571% to $2.5 billion. Management highlighted a global pipeline exceeding $16 billion with over 6 gigawatts of new power opportunities, particularly in the data center sector. Additionally, the company repurchased $38 million in shares, redeemed $62 million in outstanding bonds, and issued a full-year 2027 adjusted EBITDA target range of $125 million to $140 million.