Babcock & Wilcox: Q4 Earnings Snapshot
By AP News
Published - Mar 14, 2024, 06:43 PM ET
Last Updated - Mar 14, 2024, 06:43 PM EDT
AKRON, Ohio (AP) — AKRON, Ohio (AP) — Babcock & Wilcox Enterprises Inc. (BW) on Thursday reported a fourth-quarter loss of $62.7 million, after reporting a profit in the same period a year earlier.
The Akron, Ohio-based company said it had a loss of 74 cents per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 22 cents per share.
The power generation equipment company posted revenue of $227.2 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $1.28. A year ago, they were trading at $5.42.
