Babcock & Wilcox: Fourth Quarter Earnings Overview

Babcock & Wilcox Reports Fourth-Quarter Profit

Babcock & Wilcox Enterprises Inc., headquartered in Akron, Ohio, announced a net profit of $9.2 million for the fourth quarter, marking a turnaround from a loss in the same period last year.

The company reported earnings of 5 cents per share. When factoring in discontinued operations, the adjusted loss was also 5 cents per share.

During the quarter, the power generation equipment manufacturer generated $161 million in revenue.

Since the start of the year, Babcock & Wilcox's stock price has risen by 28%. Over the past year, the share price has increased sevenfold.