Babcock & Wilcox reports Q3 EPS (6c), consensus (10c)

Reports Q3 revenue $149.0M, consensus $155.57M. Reports Q3 Backlog of $393.5M which is 56% higher than the Q3 of 2024. “This initial project with Applied Digital represents an exciting and transformational opportunity to broaden B&W’s customer base as the Company expands into the rapidly evolving AI Data Center space,” said Kenneth Young, B&W Chairman and CEO. “The impact from this deal on B&W is profound, adding over $3B to our pipeline which brings our total global pipeline to over $10B. It also marks a natural next step for our Company, which has been a global leader in designing and deploying reliable and efficient steam generation systems for nearly 160 years. Our customers know they can count on us to deliver robust energy solutions that provide them with dependable, available and long-term power for their operations. These aspects make our technology offerings highly compelling for customers and differentiates us from other energy source options in today’s market.”