Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Q1 2023 Earnings Conference Call May 10, 2023 8:00 AM ET

Company Participants

Sharyn Brooks - Director of Communications

Kenny Young - Chairman & CEO

Lou Salamone - CFO

Conference Call Participants

Aaron Spychalla - Craig-Hallum Capital Group

Rob Brown - Lake Street Capital Markets

Alex Rygiel - B. Riley

Brent Thielman - D.A. Davidson

Operator

Hello, everyone, and welcome to the Babcock & Wilcox Enterprises First Quarter 2023 Earnings Conference Call. My name is Nadia, and I’ll be coordinating the call today. If you would like to ask a question pad. I will now hand over to your host, Sharyn Brooks to begin. Sharon, please go ahead.

Sharyn Brooks

Thank you, Nadia, and thanks to everyone for joining us on Babcock & Wilcox Enterprises first quarter 2023 earnings conference call. I’m Sharon Brooks, Director of Communications. Joining the call today are Kenny Young, B&W’s Chairman and Chief Executive Officer; and Lou Salamone, Chief Financial Officer, to discuss our first quarter results.

During this call, certain statements we make will be forward-looking. These statements are subject to risks and uncertainties, including those set forth in our safe harbor provision for forward-looking statements that can be found at the end of our earnings press release and also in our Form 10-Q that was filed today and our Form 10-K that is on file with the SEC and provide further detail about the risks related to our business.

Additionally, except as required by law, we undertake no obligation to update any forward-looking statements. We also provide non-GAAP information regarding certain of our historical and targeted results to supplement the results provided in accordance with GAAP. This information should not be considered superior to or as a substitute for the comparable GAAP measures. A reconciliation of historical non-GAAP measures can be found in our first quarter earnings release published this morning and in our company overview presentation that was filed on Form 8-K this morning and posted on the Investor Relations section of our website at babcock.com.

I will now turn the call over to Kenny.

Kenny Young

Thanks, Sharyn. Well, good morning, everyone, and thanks for joining us today on our first quarter 2023 earnings call. We are pleased to report strong results for the first quarter of 2023, which exceeded our expectations and were highlighted by increases in revenues, bookings and backlog on a year-over-year basis.