Babcock & Wilcox Enterprises, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 227.2 million compared to USD 236.4 million a year ago. Net loss was USD 62.7 million compared to net income of USD 5.7 million a year ago. Basic loss per share from continuing operations was USD 0.65 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.65 compared to USD 0.02 a year ago. Basic loss per share was USD 0.74 compared to basic earnings per share of USD 0.02 a year ago. Diluted loss per share was USD 0.74 compared to diluted earnings per share of USD 0.02 a year ago.
For the full year, sales was USD 999.4 million compared to USD 847.9 million a year ago. Net loss was USD 197.2 million compared to USD 22.9 million a year ago. Basic loss per share from continuing operations was USD 1.05 compared to USD 0.35 a year ago. Diluted loss per share from continuing operations was USD 1.05 compared to USD 0.35 a year ago. Basic loss per share was USD 2.38 compared to USD 0.43 a year ago. Diluted loss per share was USD 2.38 compared to USD 0.43 a year ago.