Babcock & Wilcox Enterprises reports Q3 2026 revenue up 109% and sets 2027 adjusted EBITDA target
Babcock & Wilcox Enterprises announced third‑quarter 2026 revenue of $290.8 million, a 109% year‑over‑year increase, and net income of $93.9 million. Adjusted EBITDA rose to $17.7 million, and the company reaffirmed its 2026 adjusted EBITDA range of $80 million‑$105 million while issuing a 2027 target of $125 million‑$140 million. Bookings reached $228 million and backlog grew to $2.5 billion, expanding the global pipeline to over $16 billion.
Why it matters
The company’s strong top‑line growth and higher adjusted EBITDA guidance suggest improved cash generation, which may affect investor expectations for future earnings. However, the stock has fallen sharply year‑to‑date, indicating market skepticism despite the earnings beat.
Key facts
- 1Q3 2026 revenue was $290.8 million, up 109% from the prior year. tradingview.com
- 2Net income for the quarter was $93.9 million. tradingview.com
- 3Adjusted EBITDA increased to $17.7 million, an 88% rise YoY. tradingview.com
- 4The company set a 2027 adjusted EBITDA target range of $125 million‑$140 million. tradingview.com
- 5Bookings were $228 million, a 112% increase YoY. finance.yahoo.com
- 6Backlog grew to $2.5 billion, a 571% increase YoY. finance.yahoo.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.