The following is a summary of the Babcock & Wilcox Enterprises Inc. (BW) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Adjusted EBITDA exceeded expectations and remains on track to meet the full year target.

• Operating income significantly increased, largely due to gains from asset sales and reduced operational costs.

• Net positive earnings per share, showing an improvement from a loss per share the previous year.

Business Progress:

• Advancement in the BrightLoop Decarbonization Technologies and ClimateBright portfolio.

• Positive cash flow from solar operations and reduced dependence on high-risk projects.

• Continued strategic emphasis on reducing non-strategic assets to boost balance sheet and cash liquidity.

Opportunities:

• Increased global demand for clean power and energy security provides a foundation for business growth.

• Anticipated new bookings and projects including more than $1.5 billion in BrightLoop and ClimateBright opportunities.

• Positioned to benefit from the new EPA guidelines by focusing on natural gas and biomass conversion projects.

Risks:

• Dependence on timely commencement of large scale projects which could affect financial performance targets.

• Ongoing need to manage costs and optimize project selection to maintain profitability.

More details: Babcock & Wilcox Enterprises IR

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