Babcock & Wilcox reports Q2 EPS (63c) vs 24c last year

Reports Q2 revenue $144.1M vs $151.4M last year. “B&W is in a unique position to capitalize on the growing demand for base-load generation in North America and across the world,” said Kenneth Young, B&W Chairman and Chief Executive Officer. “The increasing need for power and electricity fueled by demand from artificial intelligence, data centers and expanding economies are key drivers for growth across our broad range of technologies. Our utility and industrial clients are continuing to increase capacity utilizing our core technologies, driving increased revenues for our base business while they continue to evaluate opportunities to further augment their power generation capacity with biomass, hydrogen and natural gas. With the rising energy demands in the United States, fossil fuel plants with longer plant life cycles are continuing to increase their baseload power generation, making it imperative that they operate efficiently and reliably. We believe this extended demand continues to position us for sustained success across our higher-margin Global Parts and Services businesses and provides B&W with a strong outlook for the second half of 2025 and beyond.”