Babcock & Wilcox reports Q1 EPS (11c) vs. (19c) last year

Reports Q1 revenue $181.2M vs. $164.3M last year. “We are pleased to report a strong start to 2025, highlighted by first quarter consolidated revenue and Adjusted EBITDA that exceeded Company and consensus expectations,” commented Kenneth Young, B&W’s Chairman and Chief Executive Officer. “We are excited to announce that approximately 40% of our bonds have been exchanged into new five year notes at discount to par, which significantly reduces our current and overall debt and lowers our annual interest expense. Operationally, our Global Parts & Service business posted the highest Q1 bookings, revenue, gross profit and EBITDA metrics on record. These results were primarily driven by an increased demand for boiler components as North American and international clients upgrade or maintain their thermal infrastructure to meet increased energy demands, maintain energy availability and security and regulatory standards. This milestone reflects a strong recovery and growth trajectory, driven by strategic initiatives and favorable market conditions in the thermal energy sector.”