Babcock & Wilcox Enterprises (BW) reported third-quarter 2026 revenue of $290.8 million, up 109% from $139.2 million a year earlier. Net income attributable to stockholders was $93.9 million, compared with $35.1 million in the prior-year quarter.
The company reported $0.61 in basic earnings per share and $0.02 in diluted earnings per share. Third-quarter results included an $85.1 million change in the fair value of customer warrants.
- Adjusted EBITDA was $17.7 million, versus $9.4 million in the third quarter of 2025.
- Bookings totaled $228 million, up 112% year over year, while backlog was $2.5 billion.
- B&W repurchased $38 million of shares and completed redemption of $61.8 million in 6.5% bonds due December 2026.
- The company reiterated its 2026 adjusted EBITDA target range of $80 million to $105 million and issued a 2027 target range of $125 million to $140 million.
