Babcock & Wilcox Enterprises Reports Second Quarter 2020 Results, Launches Strategic Organizational and Branding Initiative
(WorldNews Africa)

Second Quarter 2020 Overview: - Consolidated revenues were $135.4 million; COVID-19 negatively impacted all segments by delaying anticipated projects - GAAP consolidated operating loss was $7.7 million; GAAP loss from continuing operations was $18.1 million, a $10.2 million improvement compared to second quarter 2019 - Consolidated adjusted EBITDA was $1.4 million - The Babcock & Wilcox segment reported adjusted EBITDA margin of 9.1% as compared to 9.5% in second quarter 2019, while segment adjusted gross profit margin improved to 27.9% compared to 18.8% in second quarter 2019 Growth Initiatives: - Company launched B&W Environmental, B&W Renewable, and B&W Thermal brands as part of a...