Babcock & Wilcox Enterprises, Inc. (BW) Earnings Call Transcripts
Babcock & Wilcox Enterprises, Inc.'s Latest Earnings Call - Q1 FY2026
Babcock & Wilcox Enterprises reported a strong Q1 2026, with revenue reaching $214 million, a 44% increase YoY, and adjusted EBITDA of $16.1 million, a 296% increase YoY. The company exceeded both internal and street expectations, driven by high demand from utility, industrial, and AI data center customers. Management maintained guidance but indicated potential upside, citing a robust pipeline and backlog growth. The net loss was impacted by $81.8 million in noncash warrant and stock-related costs due to stock price increases.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $214 million (beat) |
| Adjusted EBITDA | $16.1 million (beat) |
| Net Loss | $79.6 million (miss) |
| Bookings | $2.5 billion (beat) |
| Backlog | $2.7 billion (beat) |
| Net Debt | $42.4 million (positive) |
Guidance from management
Management maintained guidance but indicated potential upside, citing strong pipeline and backlog growth. They plan to reassess guidance in the coming months.
What analysts pressed on
Analysts expressed interest in the expanding pipeline and the state of ongoing project discussions. Concerns were raised about the ability to deliver on multiple large projects concurrently and the impact of potential new bookings on guidance.
Main topics on the call
- Revenue Growth — Revenue for Q1 2026 was $214 million, a 44% increase compared to Q1 2025. This growth was driven by large project volumes and increased demand from AI data centers and expanding economies.
- Adjusted EBITDA Performance — Adjusted EBITDA reached $16.1 million, marking a 296% increase from the previous year. Management highlighted this as exceeding expectations and a reflection of strong operational performance.
- Bookings and Backlog — Bookings surged to $2.5 billion, a 1,900% increase YoY, and backlog reached $2.7 billion, a 483% increase YoY. This growth is attributed to core business expansion and new AI data center projects.
- Debt Reduction — The company reduced its secured debt and unsecured bonds by 87% in Q1 2026, with net debt at $42.4 million, below 1x trailing 12-month adjusted EBITDA.
Read the full Babcock & Wilcox Enterprises, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Babcock & Wilcox Enterprises, Inc.
Babcock & Wilcox Enterprises, Inc. (BW) is a publicly listed company in the Electrical Equipment industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 30 calls on record spanning March 31, 2020 to August 10, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 30 Babcock & Wilcox Enterprises, Inc. earnings call transcripts on record, spanning March 31, 2020 to August 10, 2026. Based on this history, Babcock & Wilcox Enterprises, Inc. reports quarterly. The most recent call on file is dated August 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BW
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Electrical Equipment
- Calls on record
- 30
- First call
- March 31, 2020
- Most recent
- August 10, 2026
- Reporting cadence
- quarterly