Babcock & Wilcox Enterprises, Inc. (BW) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Power								1,235.0
Other								522.3
Total revenues	889.8	723.4	566.3	859.1	1,062.4	1,341.4	1,420.9	1,757.3
Revenue growth [+]	23.0%	27.7%	-34.1%	-19.1%	-20.8%	-5.6%	-19.1%	18.3%
Power								6.8%
Cost of goods sold	704.2	543.8	400.5	698.9	1,192.0	1,317.2	1,282.7	1,449.1
Gross profit	185.6	179.5	165.9	160.3	-129.6	24.2	138.3	308.2
Gross margin	20.9%	24.8%	29.3%	18.7%	-12.2%	1.8%	9.7%	17.5%
Selling, general and administrative	178.5	154.9	141.7	151.1	204.7	221.1	217.1	240.0
Research and development	3.8	1.6	4.4	2.9	3.8	7.6	8.8	16.5
Equity in earnings					-11.6	-9.9	16.4	-0.2
Other operating expenses	0.3	2.2	21.5	35.7	47.0	24.9	22.4	0.3
EBITDA [+]	27.0	39.2	15.1	-5.8	-353.1	-189.3	-70.5	86.3
EBITDA growth	-31.0%	159.9%	-360.8%	-98.4%	86.5%	168.7%	-181.6%	489.6%
EBITDA margin	3.0%	5.4%	2.7%	-0.7%	-33.2%	-14.1%	-5.0%	4.9%
Depreciation	14.8	13.2	16.8	23.6	32.0	39.7	39.0	34.9
EBITA	12.2	25.9	-1.7	-29.4	-385.1	-229.0	-109.4	51.4
EBITA margin	1.4%	3.6%	-0.3%	-3.4%	-36.3%	-17.1%	-7.7%	2.9%
Amortization of intangibles	9.2	5.1				0.4	0.6
EBIT [+]	3.0	20.8	-1.7	-29.4	-385.1	-229.4	-110.0	51.4
EBIT growth	-85.4%	-1298.0%	-94.1%	-92.4%	67.8%	108.5%	-314.1%	-388.9%
EBIT margin	0.3%	2.9%	-0.3%	-3.4%	-36.3%	-17.1%	-7.7%	2.9%
Non-recurring items [+]	7.2		0.0		41.5	86.9	0.0	29.5
Asset impairment	7.2				40.0	86.9
Loss (gain) on sale of assets	-8.8	-15.7	-3.3	-3.9	1.4	0.0	0.0	14.6
Interest expense, net [+]	44.3	38.9	59.2	94.0	49.4	25.4	2.9	-0.6
Interest expense	45.0	39.4	59.8	94.9	49.6	25.9	3.7	2.3
Interest income	0.6	0.5	0.6	0.9	0.2	0.5	0.8	0.6
Other income (expense), net [+]	33.0	47.4	57.0	-1.1	-79.8	24.2	-6.7	0.1
Gain (loss) on sale of assets					6.5
Gain (loss) on sale of business		-1.8	-0.1	-3.6	39.8
Gain (loss) on debt retirement		6.5	-6.2	-4.0	-49.2
Gain (loss) on foreign currency transactions	-0.6	-4.3	58.8	-16.6	-28.5	-4.8	-1.9
Other	-3.9	-1.3	-1.1	0.3	0.3	-0.7	-0.6	0.1
Pre-tax income	-15.5	29.3	-3.9	-124.4	-555.8	-317.6	-119.6	20.2
Income taxes	11.1	-2.2	8.2	5.3	102.2	63.7	2.7	3.7
Tax rate								18.2%
Minority interest	-3.7	0.6	0.0	-7.1	0.4	0.8	0.6	0.2
Earnings from continuing ops	-37.7	21.8	-12.1	-122.7	-658.5	-763.3	-245.2	19.1
Earnings from discontinued ops			1.8	0.7	-66.8	2.2	7.3
Net income	-37.7	21.8	-10.3	-122.0	-725.3	-761.1	-238.0	19.1
Net margin	-4.2%	3.0%	-1.8%	-14.2%	-68.3%	-56.7%	-16.7%	1.1%

Basic EPS [+]	($0.43)	$0.26	($0.25)	($3.89)	($47.61)	($16.26)	($4.89)	$0.36
Growth	-261.8%	-206.2%	-93.6%	-91.8%	192.8%	232.4%	-1467.0%	-258.4%
Diluted EPS [+]	($0.43)	$0.26	($0.25)	($3.89)	($47.61)	($16.26)	($4.89)	$0.36
Growth	-264.1%	-204.7%	-93.6%	-91.8%	192.8%	232.4%	-1472.7%	-257.7%

Shares outstanding (basic) [+]	88.3	82.4	48.7	31.5	13.8	46.9	50.1	53.5
Growth	7.1%	69.1%	54.6%	127.9%	-70.5%	-6.4%	-6.3%	-1.4%
Shares outstanding (diluted) [+]	88.3	83.6	48.7	31.5	13.8	46.9	50.1	53.7
Growth	5.6%	71.6%	54.6%	127.9%	-70.5%	-6.4%	-6.7%	-1.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.