Babcock & Wilcox Enterprises Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $290.8 million, up 109% year over year
- ➤Adjusted EBITDA $17.7 million, up 88% year over year
- ➤Backlog $2.5 billion, up 571% year over year
- ➤2027 Adjusted EBITDA target set at $125 million to $140 million
- ➤B&W repurchased $38 million of shares and redeemed $61.8 million of bonds
Expert Statements
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“B&W maintained its strong performance in the third quarter of 2026, reflecting continued demand across all of our businesses and sustained operational momentum.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“Rising global electricity demand is fueling increased needs from utilities, industrial and data center customers for our parts and services businesses and continues to drive new power generation opportunities.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“These trends support strong performance across our core parts and services, environmental technologies, and coal and natural gas-fired power generation solutions.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“B&W is well positioned to capitalize on these opportunities, which is reflected in our strong bookings performance, especially in our projects and core parts and services groups.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“Momentum in the data center market continues to build, with our pipeline now exceeding 6 gigawatts of opportunities.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“Our current data center project in North Dakota remains on track, as manufacturing of the boilers, steam turbines and other long-lead-time components is progressing rapidly.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“Significant progress has been made on permitting, with nearly all required applications submitted and county approval secured for conditional use and zoning permits.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“The continued advancement of this project reinforces that B&W has the experience and resources needed to bring power generation solutions to market quickly, further strengthening our position as we pursue additional data center and power generation opportunities.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“Our strong financial performance was underpinned by significant development in our bookings and backlog pipeline, setting the stage for continued growth in future quarters.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“During the third quarter, revenue and Adjusted EBITDA exceeded consensus street expectations and we continue to see positive momentum across our business.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“We have a strong balance sheet to support our fast-paced growth which includes increased working capital, from time to time,”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“Despite ongoing labor constraints throughout the country, B&W has continued to meet and exceed consensus expectations and we remain well positioned to see further growth as labor market conditions improve.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“Earlier this year, our Board of Directors authorized a share repurchase program, which reflects confidence in our balance sheet and our strategic approach to building shareholder value.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“During the third quarter, B&W repurchased $38 million in shares as part of this program.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“In addition, we have paid off the remaining $62 million in outstanding 6.5% bonds due in December 2026, resulting in the lowest company debt levels in recent history.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“Backed by strong industry tailwinds, limited company debt and active project discussions, we are optimistic about the path ahead for B&W, which gives us the confidence to issue a full year 2027 Adjusted EBITDA target range of $125 million to $140 million.”
Kenneth Young, Chairman and Chief Executive Officer of Babcock & Wilcox Enterprises
“We remain focused on executing our strategic vision, delivering on our existing portfolio and advancing our long-term growth initiatives.”
Babcock & Wilcox Enterprises Reports Third Quarter 2026 Results
* Revenue in the third quarter of $291 million, a 109% increase compared to the same period of 2025
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