Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Q2 Earnings Conference Call August 8, 2022 12:00 AM ET

Company Participants

Sharyn Brooks - Director, Communications

Kenny Young - Chairman and CEO

Lou Salamone - CFO

Conference Call Participants

Rob Brown - Lake Street Capital

Alex Rygiel - B. Riley

Aaron Spychalla - Craig-Hallum

Operator

Good afternoon. Thank you for attending Babcock & Wilcox Second Quarter 2022 Earnings Call. My name is Matt and I will be your moderator for today’s call. All lines will be muted during the presentation portion of the call and opportunities for question-and-answer at the end. [Operator Instructions]

I would now like to pass the conference over to our host Sharyn Brooks, with Babcock & Wilcox. Sharyn please go ahead.

Sharyn Brooks

Thank you Matt and thanks everyone for joining us on Babcock & Wilcox Enterprises second quarter 2022 earnings conference call. I’m Sharyn Brooks, Director of Communications.

Joining the call today are Kenny Young B&Ws, Chairman and Chief Executive Officer and Lou Salamone Chief Financial Officer to discuss our second 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 will be 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 afternoon and in our company overview presentation that will be filed on Form 8-K this afternoon and posted on the Investor Relations section of our website at babcock.com.

I will now turn the call over to Kenny.

Kenny Young

Thank you Sharyn and thanks to everyone for joining us this afternoon. Our second quarter results highlight another exciting step for the company as we continue to support our customers energy transformation, as well as continued support for thermal baseload generation. We are now seen by our customers and potential customers as a technological leader and innovator in energy transition. With the combined efforts of our worldwide employees and our senior leadership team we continued to progress against our long term strategic growth strategy during the second quarter.