Babcock & Wilcox Enterprises, Inc.
|Company Name||Babcock & Wilcox Enterprises, Inc.|
On October 27, 2022, B&W revised full year 2022 adjusted EBITDA, expecting $70 million to $80 million. The Company explained that the reduction was due to “delay of revenue recognition on certain projects” caused by “global supply chain pressures and shortages caused by geopolitical issues and the war in Ukraine.”
On this news, B&W’s stock fell $2.97, or 37.2%, to close at $5.02 per share on October 27, 2022, thereby injuring investors.
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