Babcock & Wilcox Enterprises, Inc. (NYSE: BW ) shares jumped 41.64% in Monday’s after-hours trading after the company reported stronger-than-expected second-quarter results and raised its full-year 2026 adjusted EBITDA target.
The stock closed Monday’s regular session down 5.23% at $8.88 before climbing to $12.58 after hours.
Babcock & Wilcox provides energy and environmental products and services for power and industrial markets worldwide.
Revenue, Profit and EBITDA Beat Expectations
For the quarter ended June 30, Babcock & Wilcox reported revenue of $319.7 million, up 130% year-over-year from $138.9 million. Net income came in at $14.3 million, compared with a net loss of $58.5 million a year earlier.
Earnings per share were $0.07, compared with a loss of $0.63 in the prior-year quarter, while adjusted EBITDA increased 57% to $21.8 million from $13.9 million. The company said revenue, net income and adjusted EBITDA exceeded company and consensus expectations.
Bookings increased 38% to $151 million, while backlog climbed 533% to $2.6 billion. Babcock & Wilcox also said its global pipeline exceeds $14 billion.
Babcock & Wilcox Raises 2026 Outlook
Price Action
The company has a market capitalization of approximately $1.32 billion, with a 52-week high of $22.03 and a 52-week low of $1.17.
BW shares are up 599.21% over the past year.
Benzinga Edge Stock Rankings are negative across the short- and medium-term time frames but positive over the long term.
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