How Did Babcock & Wilcox (NYSE:BW) Revenue Double to $291 Million in Q3?

Sonal Goyal

10 November 2026 06:56 PM AEDT

How Did Babcock & Wilcox (NYSE:BW) Revenue Double to $291 Million in Q3?

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Key Highlights

Revenue rose 109% to $291 million in the third quarter of 2026.
Net income was $94 million for the quarter.
Adjusted EBITDA was just under $18 million, an increase of 88% year over year.
Backlog reached $2.5 billion, up 571% from a year earlier, with bookings of $228 million.

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) reported third-quarter 2026 Revenue of $291 million, an increase of 109% from the same period of 2025. Adjusted EBITDA of just under $18 million rose 88%, showing that profit grew alongside revenue.

Revenue Expansion

Revenue more than doubled to $291 million in the quarter. Babcock & Wilcox designs and manufactures equipment for power generation and industrial applications, and large projects drive much of the revenue as contracts are executed.

That relationship is typical when a company works through a large backlog, and the company's Backlog of $2.5 billion gives visibility into revenue well beyond the current quarter.

Backlog and Pipeline

The backlog of $2.5 billion, which rose 571% from the prior-year period, is the most striking figure in the update.

Final Word

Babcock & Wilcox's third quarter shows revenue of $291 million, Net Income of $94 million, adjusted EBITDA up 88% and a backlog of $2.5 billion.

FAQs

Q: What was Babcock & Wilcox's third-quarter 2026 revenue?

A: Revenue was $291 million, an increase of 109% from the same period of 2025.

Q: How large was the backlog?

A: Backlog reached $2.5 billion at the end of the third quarter, up 571% from a year earlier.

Q: What were the bookings?

A: Bookings were $228 million for the quarter.

Q: How large is the company's pipeline?

A: The company said its global pipeline exceeds $16 billion, including six gigawatts of new incremental power.

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