Babcock & Wilcox's Quarterly Revenues Dip as Renewables Projects Drain

SUGAR LAND--August 13, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Power technology provider Babcock & Wilcox Enterprises Incorporated (NYSE:BW) (Charlotte, North Carolina) posted second-quarter 2018 revenues of $291.3 million, a decrease of $14.9 million from second-quarter 2017, as six renewable energy projects that the company is working on continue to drain profits due to initially underestimated project costs. Babcock & Wilcox has a hand in virtually all industries as it provides equipment services to industrial energy producers. Industrial Info is tracking more than $6.4 billion in projects involving Babcock & Wilcox.

Within this article: Details of projects involving Babcock & Wilcox, including those at plants belonging to NRG Energy Incorporated (NYSE:NRG), Royal Dutch Shell plc (NYSE:RDS-A) and ArcelorMittal SA (NYSE:MT)