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Last $32.40 USD
Change Today +0.26 / 0.81%
Volume 651.7K
BWC On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

babcock & wilcox co/the (BWC) Snapshot

Open
$32.32
Previous Close
$32.14
Day High
$32.56
Day Low
$32.11
52 Week High
05/1/14 - $36.00
52 Week Low
01/16/15 - $26.58
Market Cap
3.5B
Average Volume 10 Days
470.8K
EPS TTM
$2.05
Shares Outstanding
106.9M
EX-Date
02/26/15
P/E TM
15.8x
Dividend
$0.40
Dividend Yield
1.23%
Current Stock Chart for BABCOCK & WILCOX CO/THE (BWC)

babcock & wilcox co/the (BWC) Related Businessweek News

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babcock & wilcox co/the (BWC) Details

The Babcock & Wilcox Company operates as a specialty constructor of nuclear components for customers in the power and other steam-using industries. The company operates through five segments: Power Generation, Nuclear Operations, Technical Services, Nuclear Energy, and mPower. The Power Generation segment provides fossil and renewable power generation equipment for capital projects with boiler products and environmental systems. This segment also offers steam generating equipment; technologies to control nitrogen oxides, sulfur dioxide, mercury, acid gasses, and hazardous air emissions; and air pollution control systems and coating/drying equipment. The Nuclear Operations segment manufactures naval nuclear reactors for the U.S. Department of Energy/National Nuclear Security Administration’s Naval Nuclear Propulsion Program, which in turn supplies them to the U.S. Navy for use in submarines and aircraft carriers. The Technical Services segment provides services to the U.S. Government comprising uranium processing, environmental site restoration services, and management and operating services for various U.S. Government-owned facilities. The Nuclear Energy segment supplies commercial nuclear steam generators and components to nuclear utility customers; and provides services for nuclear steam generators and balance of plant equipment, as well as nondestructive examination and tooling/repair solutions. This segment also offers specialized engineering services. The mPower segment is involved in the research and development modular and scalable reactor to produce near-zero emission operations. The company serves utilities; other power producers; pulp and paper mills, petrochemical plants, oil refineries, and steel mills; and the U.S. Government. The company was founded in 1867 and is headquartered in Charlotte, North Carolina.

11,000 Employees
Last Reported Date: 02/26/15
Founded in 1867

babcock & wilcox co/the (BWC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $937.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $508.0K
President of Babcock & Wilcox Nuclear Energy ...
Total Annual Compensation: $518.8K
President of Babcock & Wilcox Nuclear Operati...
Total Annual Compensation: $447.9K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $470.0K
Compensation as of Fiscal Year 2014.

babcock & wilcox co/the (BWC) Key Developments

The Babcock & Wilcox Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

The Babcock & Wilcox Company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $837.1 million, an increase of $34.3 million, or 4.3%, from the fourth quarter of 2013. GAAP loss per share was $0.97 compared to earnings per share of $1.48 in the fourth quarter of 2013. Non-GAAP, or adjusted earnings per share, which excludes a $1.61 per share net impact of non-cash mark-to-market adjustments for pension and other post-retirement benefits, restructuring and spin-related costs and higher legal reserves for the quarter, was $0.64 compared to $0.52 in the prior year period. Operating loss was $156,540,000 compared to operating income of $295,322,000 a year ago. Loss before provision for income taxes was $165,057,000 compared to income of $275,358,000 a year ago. Net loss was $103,592,000 compared to net income of $160,992,000 a year ago. Net loss attributable to the company was $103,307,000 or $0.97 per diluted share compared to net income attributable to the company of $165,588,000 $1.48 per diluted share a year ago. For the year, the company revenues were $2.92 billion, a decrease of 10.6% from the $3.27 billion recorded in 2013. GAAP earnings per share were $0.27, compared to $3.07 in 2013. Adjusted earnings per share decreased 10.6% to $2.03 versus adjusted earnings per share of $2.27 in the prior year. Operating loss was $2,622,000 compared to operating income of $536,362,000 a year ago. Income before provision for income taxes was $5,466,000 compared to $517,173,000 a year ago. Net income was $21,457,000 compared to net income of $332,590,000 a year ago. Net income attributable to the company was $29,388,000 or $0.27 per diluted share compared to $346,078,000 or $3.07 per diluted share a year ago. Net cash provided by operating activities was $74,925,000 compared to $137,886,000 a year ago. Purchases of property, plant and equipment was $76,029,000 compared to $64,950,000 a year ago. Purchase of intangible assets was $722,000 compared to $2,200,000 a year ago. For the year 2015, the company’s adjusted tax rate is expected to be in the range of 32% to 34%; and approximately 60% of annual earnings are expected to be realized in the third and fourth quarters. In the fourth quarter of 2014, NOG completed the negotiation and execution of an agreement with its customer that resulted in an increase to the allowable cost and result in contract value of its existing backlog contracts. As a result of the contract changes, revenue increased by approximately $40 million and operating income increased by approximately $20 million in the quarter. The company expects a small positive impact as well on 2015 sales and operating margin. But on balance, the year-over-year earnings impact will be about $15 million less in 2015 versus 2014.

The Babcock & Wilcox Company Declares Quarterly Dividend, Payable on March 19, 2015

On February 19, 2015, the Board of Directors of The Babcock & Wilcox Company declared a quarterly dividend of $0.10 per share on the outstanding common shares of the company, payable on March 19, 2015 to shareholders of record at the close of business on March 2, 2015.

Babcock & Wilcox Wins $535.1 Million Federal Contract

Babcock & Wilcox said it has won contracts totaling $535.1 million from the U.S. Navy to manufacture naval nuclear reactor components for submarines and aircraft carriers.

 

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Industry Analysis

BWC

Industry Average

Valuation BWC Industry Range
Price/Earnings 100.0x
Price/Sales 1.2x
Price/Book 3.4x
Price/Cash Flow 116.9x
TEV/Sales 1.0x
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