Babcock & Wilcox (BW)
NYSE:BW
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
-0.1Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and commercial momentum: revenue (+44%), adjusted EBITDA (+296%), very large bookings and backlog growth, a materially expanded pipeline (>17% to >$14B) and substantial debt reduction with net debt below 1x adjusted EBITDA. Offsetting these positives were a large GAAP net loss driven by $81.8M of noncash stock-related charges, continued modest operating loss, and execution/visibility risks around converting pipeline opportunities and securing manufacturing capacity for multiple large projects. On balance, the positive metrics and balance-sheet improvements materially outweigh the lowlights, though execution and timing remain key monitoring points.Company Guidance
Strong Revenue Growth
Consolidated revenues of $214.4 million in Q1 2026, a 44% increase versus $148.6 million in Q1 2025, driven by large project volume (including $31 million from Base Electron) and elevated demand from utilities, industrials and AI data centers.
Adjusted EBITDA Surge
Adjusted EBITDA from continuing operations of $16.1 million in Q1 2026, a 296% increase versus $4.0 million in Q1 2025, exceeding company and street expectations.
Adjusted Net Income (Excluding Noncash Items)
Adjusted net income from continuing operations of $2.2 million after excluding $81.8 million of noncash warrants and stock-related valuation impacts tied to the Q1 2026 stock price increase.
Massive Bookings and Backlog Acceleration
Bookings of $2.5 billion in Q1 2026 (over a 1,900% increase YoY) and backlog of $2.7 billion (483% increase YoY), indicating strong conversion of pipeline opportunities into contracted work.
Expanding Pipeline with AI Data Center Opportunities
Total pipeline grew by more than 17% to over $14 billion, with over $2 billion of incremental AI data center opportunities added in the quarter and multiple large potential projects (some in the 300 MW to multi-gigawatt range).
Significant Debt Reduction and Strong Liquidity
Paid off $15 million of December 2026 bonds in Q1 and expect to retire remaining $69 million; company reported net debt of $42.4 million and cash and equivalents of $194.8 million as of March 31, 2026. Secured debt and unsecured bonds were reduced by 87% in the quarter and net debt is below 1x trailing 12-month adjusted EBITDA.
Progress on Base Electron and Project Timing
Base Electron project progressing with $31 million recognized in the quarter; boiler manufacturing and turbine fabrication advancing on schedule and major civil/mechanical construction expected in 2027-2028, with additional related revenue expected in 2026.
Core Parts & Services Momentum
Core parts and services delivered one of the strongest Q1 performances in recent history and management expects continued elevated demand throughout 2026 driven by increased baseload generation utilization and outages/upgrades.
Advancement of BrightLoop and Clean-Tech Initiatives
Progress on BrightLoop commercial development and the Massillon demonstration, advancing chemical looping efforts to produce low-cost hydrogen/steam and capture CO2 for beneficial uses, supporting long-term technology positioning.
BW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $14.54 | $18.91 | +30.06% |
Mar 16, 2026 | $11.74 | $14.90 | +26.92% |
Nov 04, 2025 | $3.74 | $4.80 | +28.34% |
Aug 11, 2025 | $1.27 | $1.47 | +15.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Babcock & Wilcox (BW) report earnings?
Babcock & Wilcox (BW) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Babcock & Wilcox (BW) earnings time?
Babcock & Wilcox (BW) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BW EPS forecast?
BW EPS forecast for the fiscal quarter 2026 (Q2) is 0.03.