Babcock & Wilcox Shares Soar 15.74% on Revenue Growth

Generado por agente de IAAinvest Movers Radar
martes, 13 de mayo de 2025, 4:13 am ET1 min de lectura
BW--

Babcock & Wilcox Enterprises Inc (BW) shares surged 15.74% in pre-market trading on May 13, 2025, driven by a strong start to the year despite reporting a net loss.

Babcock & Wilcox Enterprises Inc (BW) reported a net loss of $22 million in its first quarter of 2025. However, the company highlighted strong revenue growth, with first-quarter consolidated revenue reaching $181.2 million, up from $164.3 million in the same period last year. This revenue growth was accompanied by an increase in backlog, indicating a robust pipeline of future projects.

The company's positive outlook was further supported by its anticipation of positive cash flow for the year, despite navigating tariff uncertainties and financing needs. This optimism was reflected in the company's statement, which emphasized a strong start to 2025, with first-quarter consolidated revenue and Adjusted EBITDA exceeding both company and consensus expectations.

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