Babcock & Wilcox: Q2 Earnings Snapshot

August 8, 2022 GMT

AKRON, Ohio (AP) _ Babcock & Wilcox Enterprises Inc. (BW) on Monday reported a second-quarter loss of $2.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Akron, Ohio-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 2 cents per share.

The power generation equipment company posted revenue of $221 million in the period.

Babcock & Wilcox shares have fallen 8.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.25, an increase of 16% in the last 12 months.


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