AKRON, Ohio (AP) — AKRON, Ohio (AP) — Babcock & Wilcox Enterprises Inc. (BW) on Tuesday reported third-quarter net income of $35.1 million, after reporting a loss in the same period a year earlier.
The Akron, Ohio-based company said it had net income of 30 cents per share. Losses, adjusted to account for discontinued operations, were 6 cents per share.
The power generation equipment company posted revenue of $149 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $3.74. A year ago, they were trading at $2.22.
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