Babcock & Wilcox Enterprises Earnings Call Transcripts
Fiscal Year 2026
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The meeting highlighted strong financial growth, a record backlog driven by a major AI data center contract, and ongoing innovation in hydrogen and CO2 capture. Key proposals on board structure and voting requirements did not pass, while auditor ratification and executive compensation were approved.
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Q1 2026 saw record revenue and adjusted EBITDA growth, driven by surging demand from utilities, industrials, and AI data centers. Bookings and backlog soared, debt was sharply reduced, and the outlook for core and data center-related business remains robust.
Fiscal Year 2025
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Strong 2025 growth was driven by surging demand for power generation and a major $2.4B AI data center contract, boosting backlog and pipeline. Debt was significantly reduced, and 2026 guidance was raised, reflecting robust prospects in both core and data center segments.
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Adjusted EBITDA and operating income surged year-over-year, driven by record parts and services results and a growing backlog. A $1.5 billion AI data center project and expanded pipeline signal strong future growth, with 2026 EBITDA guidance up 80% from 2025.
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Q2 2025 saw strong operating results, with Parts and Services revenue up 31% year-over-year and a significant backlog increase. The sale of Diamond Power improved the balance sheet, and positive cash flow is expected in the second half, driven by robust demand and project pipeline.
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Q1 2025 saw strong revenue and bookings growth, record performance in parts and services, and a 47% increase in backlog. Debt reduction efforts included a major bond exchange and asset sale, while guidance remains unchanged amid tariff uncertainties.
Fiscal Year 2024
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Q4 2024 saw double-digit revenue and EBITDA growth, with bookings and backlog up sharply year-over-year. Debt maturities and tariffs pose risks, but asset sales and a strong pipeline support a positive 2025 outlook.
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Q3 2024 saw improved margins and strong Adjusted EBITDA growth, driven by strategic project selection, cost reductions, and divestitures. The company revised its 2024 EBITDA guidance to $91M–$95M and maintains a robust $9B+ project pipeline, with significant progress in BrightLoop and clean energy initiatives.
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Q2 2024 saw strong operating results, margin expansion, and adjusted EBITDA above expectations, driven by a strategic focus on higher-value projects and cost reductions. Key developments include a major hydrogen offtake agreement and progress on BrightLoop projects, with guidance reiterated for the year.