B&W Reports Growth in Revenue and Income for First Quarter 2015

Babcock and Wilcox appears to have gotten 2015 off to a good start, reporting yesterday increases in revenue and income for the first quarter compared to the same period last year. B&W reported first quarter revenues of $730.6 million, a 10.4 percent increase from the same period in 2014. The company also reported an operating income of $70.8 million for the first quarter of this year, a 32.1 percent jump from the same period last year. B&W is set to further discuss its first quarter 2015 results in a call with investors today at 8:30 a.m. “Our first quarter results clearly show that our business units have remained focused on delivering value to our customers and our shareholders even while the Company prepares for the planned spin-off of the Power Generation business,” B&W President and CEO James Ferland said in a release yesterday. “Both BWX Technologies and Babcock & Wilcox Enterprises are well positioned to deliver shareholder value in the years ahead. We are on course to complete the separation of these two core businesses by mid-summer.”