Babcock & Wilcox Enterprises Inc. Q4 Income Drops 30%

(RTTNews) - Babcock & Wilcox Enterprises Inc. (BW) released a profit for fourth quarter that dropped compared to the same period last year.

The company said its bottom line fell to $24.8 million, or $0.47 per share. This was lower than $35.3 million, or $0.66 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 13.1% to $502.68 million. This was up from $444.56 million last year.

Babcock & Wilcox Enterprises Inc. earnings at a glance:

-Earnings (Q4): $24.8 Mln. vs. $35.3 Mln. last year. -Earnings Decline (Y-o-Y): -29.7% -EPS (Q4): $0.47 vs. $0.66 last year. -EPS Decline (Y-o-Y): -28.8% -Revenue (Q4): $502.68 Mln vs. $444.56 Mln last year. -Revenue Change (Y-o-Y): 13.1%

-Guidance: Full year EPS guidance: $1.25 - $1.45 Full year revenue guidance: $1.8 Bln