Babcock & Wilcox Q2 Revenue Surges 130%, Raises Full-Year EBITDA Target
BW has more than doubled off its 52-week low of $1.171.
Summary
Babcock & Wilcox delivered a massive Q2 beat with revenue of $319.7M, more than doubling year-over-year and crushing the $196.97M consensus. EPS swung to a $0.07 profit from a prior-year loss, driven by large project volume including $100.7M from Base Electron. Management raised full-year 2026 Adjusted EBITDA guidance to $80M-$105M, citing strong demand from AI data centers and utilities. The company also authorized a $50M buyback and repurchased $61.8M in bonds, signaling confidence in its turnaround. This follows a $230M equity raise in May and a $2.4B AI power contract win earlier this year, reinforcing the growth narrative. The stock, which closed at $9.37 on August 7, now trades at a steep discount to the $25 analyst median target, leaving room for re-rating if execution continues.
At the time of this announcement, BW was trading at $11.81 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $1.17 to $22.03. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.