Babcock & Wilcox Enterprises Says Despite What Has Historically Been A Seasonally Softer Period For Our Business, Customer Activity Across All Segments Remains Robust, Reinforcing Outlook For 2024. We Recently Increased Our Full-Year Adjusted EBITDA Guidance Of $105M-$115M
Portfolio Pulse from Benzinga Newsdesk
Babcock & Wilcox Enterprises has updated its full-year Adjusted EBITDA guidance to $105M-$115M, excluding expenses from BrightLoop and ClimateBright, due to robust customer activity and strong Q1 2024 signings. The company remains focused on growth through its decarbonization and hydrogen generation technologies.
May 09, 2024 | 11:43 pm
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Babcock & Wilcox Enterprises has raised its 2024 Adjusted EBITDA forecast to $105M-$115M, driven by strong customer activity and Q1 performance.
The increase in Babcock & Wilcox's EBITDA guidance is a positive signal to investors, indicating stronger-than-expected financial performance and robust customer engagement. The focus on strategic investments in decarbonization and hydrogen technology suggests long-term growth potential, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100