Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
BW.US
id: 942, Created by , Scout

B&W (BW) 2022 EBITDA Revision Case

  • In October 2022, B&W unexpectedly revised 2022 EBITDA.
  • On it, $BW fell 37%, losing $265M+ shareholder value.
  • Investors may have grounds to suspect B&W of overstating its financial projections, which led to their losses.
On October 27, 2022, Babcock & Wilcox Enterprises (BW) revised full-year 2022 adjusted EBITDA, expecting $70 million to $80 million.
  • B&W attributed the reduction to the delay of revenue recognition on certain projects.
  • B&W listed the reasons for revenue reduction as geopolitical issues and the war in Ukraine.
On this news, $BW fell 37% and lost over $265 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that B&Ws and its executives overstated its financial projections, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
27 October 2022
Collecting participants…

Babcock & Wilcox Enterprises Inc

Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and emissions control solutions to a range of industrial, electrical utility, municipal, and other customers worl...

    Ticker
    BW.US
    ISIN
    US05614L2097
    CIK
    1630805
    Sector
    Industrials
    Industry
    Specialty Industrial Machinery
    Country
    USA
    Address
    1200 East Market Street, Akron, OH, United States, 44305