Babcock & Wilcox (BW) Reports Q2 Loss of $1.68/Share
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Babcock & Wilcox Announces Second Quarter 2018 Results
August 9, 2018 4:13 PM EDT- 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... More
