Babcock & Wilcox Enterprises, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 01:45 am IST
Share
Babcock & Wilcox Enterprises, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 305.2 million compared to USD 221 million a year ago. Net loss was USD 5.1 million compared to USD 2.6 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.07 a year ago.
For the six months, sales was USD 562.4 million compared to USD 425.1 million a year ago. Net loss was USD 17.6 million compared to USD 10.8 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 0.21 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to USD 0.21 a year ago.
Babcock & Wilcox Enterprises, Inc. is a provider of renewable, environmental and thermal technologies for industrial, electrical utility, municipal and other customers. The Company operates through three segments: Babcock & Wilcox Renewable, Babcock & Wilcox Environmental, and Babcock & Wilcox Thermal. Its Babcock & Wilcox Renewable segment offers technologies for environmentally sustainable power and heat generation, including waste-to-energy, biomass-to-energy and black liquor systems for the pulp and paper industry. Its Babcock & Wilcox Environmental segment provides emissions control and environmental technology solutions for utility, waste-to-energy, biomass-to-energy, carbon black, and industrial steam generation applications around the world. Its Babcock & Wilcox Thermal segment provides steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil and gas, and industrial sectors.