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Stock impact report

Babcock & Wilcox Announces Second Quarter 2018 Results

Babcock & Wilcox Enterprises, Inc. (BW) 
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm Check Earnings Report
US:NYSE Investor Relations: babcockwinery.com
Company Research Source: Business Wire
- Implementing actions targeting $54 million in total savings - Strategic divestitures anticipated to raise $190 million in combined gross proceeds - Renewable projects progressing toward completion, despite increased estimated costs CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) announced today second quarter 2018 revenues of $291.3 million, a decrease of $14.9 million, or 4.9%, compared to the second quarter of 2017. GAAP net loss, inclusive of discontinued operations, in second quarter 2018 was $265.8 million compared to $151.0 million in second quarter 2017; GAAP net loss from continuing operations in second quarter 2018 was $209.7 million compared to $148.6 million in second quarter 2017. Adjusted EBITDA was negative $96.2 million compared to negative $110.5 million in the prior year period. All numbers referred to in this release are on a co Show less Read more
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