Q2 25 EPS
$-0.10
BEAT +9.09%
Est. $-0.11
Q2 25 Revenue
$144.1M
MISS 17.20%
Est. $174.0M
vs S&P Since Q2 25
+922.2%
BEATING MARKET
BW +937.5% vs S&P +15.3%
Market Reaction
Did BW Beat Earnings? Q2 2025 Results
Babcock & Wilcox Enterprises navigated a pivotal but uneven second quarter in 2025, beating on the bottom line while falling well short on revenue as a major asset sale reshaped the company's financial footing. The industrial energy firm posted a los… Read more Babcock & Wilcox Enterprises navigated a pivotal but uneven second quarter in 2025, beating on the bottom line while falling well short on revenue as a major asset sale reshaped the company's financial footing. The industrial energy firm posted a loss of $0.10 per share, edging past the consensus estimate of $0.11 by 9.09%, yet revenue of $144.10 million missed analyst expectations of $174.03 million by 17.20% and fell 38.3% year-over-year. The more consequential story, however, was the completed sale of Diamond Power International for $177.00 million in gross proceeds, proceeds that fueled significant debt reduction and allowed management to formally lift the going-concern doubt that had shadowed the company. Net debt fell by more than $158 million between June and July, and adjusted EBITDA from continuing operations nearly doubled to $15.10 million. Looking ahead, B&W sees a $7.60 billion global project pipeline over the next three years, with rising energy demand from AI and data centers extending fossil fuel plant life cycles and driving higher-margin parts and services growth.
Key Takeaways
- • 31% increase in Global Parts & Services revenue driven by AI and data center electricity demand
- • Adjusted EBITDA of $21.6 million including Diamond Power was 76% above street consensus of $12.3 million
- • Continuing operations backlog increased 49% year-over-year to $418.1 million
- • Operating income improved to $8.1 million from an operating loss of $4.4 million year-over-year
- • Lower project volume led to reduced costs and improved margins
BW YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
BW Revenue by Segment
With YoY comparisons, source: SEC Filings
BW Revenue by Geography
Regional revenue distribution
“B&W is in a unique position to capitalize on the growing demand for base-load generation in North America and across the world. The increasing need for power and electricity fueled by demand from artificial intelligence, data centers and expanding economies are key drivers for growth across our broad range of technologies.”
— Kenneth Young, Q2 2025 Earnings Press Release
BW Earnings Trends
BW vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BW EPS Trend
Earnings per share: estimate vs actual
BW Revenue Trend
Quarterly revenue: estimate vs actual
BW Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.03 | $-0.62 | -1,761.86% | $214.4M | +43.22% |
| Q4 25 BEAT FY | $-0.09 | $-0.05 | +42.33% | $161.0M | +3.47% |
| FY Full Year | — | $-0.45 | — | $587.7M | — |
| Q3 25 BEAT | $-0.11 | $-0.06 | +42.86% | $149.0M | -4.22% |
| Q2 25 BEAT | $-0.11 | $-0.10 | +9.09% | $144.1M | -17.20% |
| Q1 25 BEAT | $-0.16 | $-0.11 | +31.25% | $181.2M | +11.44% |