Babcock & Wilcox Sees Drop in Demand from Utilities, Expects Stronger Projects in Second Half of 2014
SUGAR LAND--August 8, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy services provider The Babcock & Wilcox Company (NYSE:BWC) (B&W) (Charlotte, North Carolina) reported sharp declines in income and revenue, as U.S. utilities spent less on environmental and service projects when compared with the same period last year. The drop in demand offset improved bookings in the Power Generation segment's international and renewables businesses. Industrial Info is tracking more than $8.6 billion in active projects involving B&W.
Within this article: Details on B&W's quarter and projects, including work with companies such as Alliant Energy Corporation (NYSE:LNT) and Dominion Generation (NYSE:D).
