Babcock & Wilcox Sets 2027 Adjusted EBITDA Target of $125M-$140M Amid Growing Backlog
Babcock & Wilcox Enterprises (BW) reported strong third-quarter 2026 performance, highlighted by over $228 million in new bookings and a significant expansion of its project pipeline, which now exceeds $16 billion. The company is focusing on long-term profitability, setting an adjusted EBITDA target of $125 million to $140 million for the year 2027. In addition to operational growth, the company strengthened its balance sheet by fully paying down all unsecured bonds. Management also demonstrated commitment to shareholder value through the repurchase of more than $38 million in common shares during the quarter.
Tickers: $BW
Topics: bookings debt repayment earnings report share buyback