Babcock & Wilcox Reports Significant Revenue Growth and Record Backlog in Q3 2026
Babcock & Wilcox (BW) delivered a strong third quarter for 2026, reporting revenue of $290.8 million, a 109% increase compared to the previous year. This growth was primarily driven by high volumes in large-scale generation projects. Net income rose sharply to $93.9 million, bolstered by an $85.1 million gain from customer warrant revaluation. The company's forward-looking metrics show massive expansion, with a backlog of $2.5 billion—a 571% increase year-over-year—and a total global pipeline exceeding $16 billion. Management highlighted significant opportunities in both the data center sector ($6 billion) and general manufacturing/utility sectors ($10 billion). Financially, the company is strengthening its balance sheet, reaching its lowest debt levels in recent history at $166.4 million while successfully redeeming outstanding bonds. Despite some margin pressure due to labor shortages on specific construction projects, management reaffirmed its ambitious Adjusted EBITDA targets for 2026 and 2027.
Topics: backlog increase data center pipeline earnings report net income revenue growth