巴布科克和威尔科克斯新闻

-公司预计将根据GAAP综合营业收入报告2019年第四季度的盈利恢复情况

（俄亥俄州阿克伦- 2020年3月12日）- Babcock & 威尔科克斯 Enterprises, Inc.（纽约证券交易所代码：BW） （B&W或“公司”）今天公布了2019年第四季度和2019年全年初步未经审计的财务业绩。鉴于目前的市场波动和对冠状病毒的担忧，公司提供了这些初步结果。

B&W预计，2019年第四季度持续经营业务的GAAP营业收入将在820万美元至1020万美元之间，自2016年第三季度以来首次在GAAP收入基础上恢复盈利。公司预计2019年第四季度调整后的EBITDA将在1750万美元至1950万美元之间。

2019年，公司预计全年GAAP营业亏损将在3170万美元至2920万美元之间，调整后的EBITDA将在3100万美元至3350万美元之间，在调整后的EBITDA基础上恢复全年盈利能力。

公司预计，按GAAP营业收入和调整后EBITDA计算，2020年第一季度将实现盈利。

上述报告的2019年经营业绩未经审计，并可能随着公司目前正在进行的审计的完成而进行审查和变更。公司预计将在2020年3月30日截止日期或之前举办收益讨论和网络广播，以向美国证券交易委员会提交其2019年全年审计结果10-K表。

 

关于冠状病毒对运营影响的最新情况

B&W正在密切监测冠状病毒的全球传播和影响，并正在根据当地指令和内部政策实施措施，以减轻对员工的影响并限制业务中断。虽然公司没有预测冠状病毒对其业务的最终影响，但公司正在制定和实施缓解计划，以应对冠状病毒对其全球业务的进一步或长期影响。

 

非公认会计准则财务指标

公司在内部使用非公认会计准则财务指标来评估其业绩并做出财务和运营决策。当与GAAP结果和随附的对账一起查看时，公司认为其对这些措施的介绍为投资者提供了更高的透明度，并更好地了解影响我们财务状况和运营结果的因素，而不是单独的GAAP措施。本新闻稿提出调整后的EBITDA，这是一个非公认会计准则的财务措施。综合基础上调整后的EBITDA定义为每个部门调整后的EBITDA的总和，进一步调整公司分配和研发成本。在分部层面，调整后的EBITDA与公司首席运营决策者审查运营结果和制定业务战略决策的方式一致，并作为利息、税项、折旧和摊销前收益计算，调整后的项目包括资产出售的利得或损失、按市值计价的养老金调整、重组和剥离成本、减值、债务清偿损失、与美国循环信贷安排所需的财务咨询相关的成本，以及可能无法由部门管理层直接控制且不分配给部门的其他成本。公司提出合并调整后息税折旧摊销前利润，因为它认为这有助于投资者在公司管理费用和其他不属于公司收入产生部门的经营业绩的费用之前，促进持续经营业绩的比较

 

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to our expected fourth quarter 2019 results of operations, our expected first quarter 2020 results of operations and the impact on our operations of the global spread of the novel coronavirus (COVID-19) outbreak. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, any adjustments to our results of operations recognized as part of our regular process for producing and reviewing our financial statements for completed periods; our ability to continue as a going concern; our recognition of any asset impairments as a result of any decline in the value of our assets or our efforts to dispose of any assets in the future; our ability to obtain and maintain sufficient financing to provide liquidity to meet our business objectives, surety bonds, letters of credit and similar financing; our ability to satisfy, or if required, obtain waivers of the requirements under the credit agreement governing our revolving credit facility and term loans; our ability to refinance our obligations under such credit agreement in a timely manner, if at all; our ability to obtain waivers of required pension contributions beginning with contributions for fiscal year 2019; the highly competitive nature of our businesses, and our ability to successfully compete with our current and future competitors; general economic and business conditions, including changes in interest rates and currency exchange rates; fluctuations and volatility in global financial markets, such as the recent substantial decline in oil prices; technological and regulatory developments in the energy industry and our ability to evolve with these trends; cancellations of and adjustments to backlog and the resulting impact from using backlog as an indicator of future earnings; our ability to perform contracts on time and on budget, in accordance with the schedules and terms established by the applicable contracts with customers; failure by third-party subcontractors, partners or suppliers to perform their obligations on time and as specified; our ability to successfully resolve claims by vendors for goods and services provided and claims by customers for items under warranty; our ability to realize anticipated savings and operational benefits from our restructuring plans and other cost-savings initiatives; our ability to successfully address productivity and schedule issues in our Vølund & Other Renewable segment, including the ability to complete our European EPC projects within the expected time frame and the estimated costs; our ability to successfully partner with third parties to win and execute contracts within our SPIG and Vølund & Other Renewable segments; changes in our effective tax rate and tax positions, including the limitation on our ability to use our net operating loss carryforwards and other tax assets as a result of our recent ownership change under Section 382 of the Internal Revenue Code; our ability to maintain operational support for our information systems against service outages and data corruption, as well as protection against cyber-based network security breaches and theft of data; our ability to protect our intellectual property and renew licenses to use intellectual property of third parties; our use of the percentage-of-completion method of accounting to recognize revenue over time; our ability to successfully manage research and development projects and costs, including our efforts to successfully develop and commercialize new technologies and products; the operating risks normally incident to our lines of business, including professional liability, product liability, warranty and other claims against us; changes in, or our failure or inability to comply with, laws and government regulations; actual or anticipated changes in governmental regulation, including trade and tariff policies; difficulties we may encounter in obtaining regulatory or other necessary permits or approvals; changes in, and liabilities relating to, existing or future environmental regulatory matters; changes in actuarial assumptions and market fluctuations that affect our net pension liabilities and income; potential violations of the Foreign Corrupt Practices Act; the loss of key personnel and the continued availability of qualified personnel; our ability to negotiate and maintain good relationships with labor unions; changes in pension and medical expenses associated with our retirement benefit programs; social, political, competitive and economic situations in foreign countries where we do business or seek new business; the risks of pandemics or other public health emergencies, including the continued spread and impact of, and the governmental and third party response to, the recent coronavirus outbreak; the possibilities of war, other armed conflicts or terrorist attacks; the willingness of customers and suppliers to continue to do business with us on reasonable terms and conditions; and our ability to successfully consummate strategic alternatives for non-core assets, if we decide to pursue them. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors that may impact the accuracy of the forward-looking statements contained in this release, see B&W’s filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and B&W undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

 

巴布科克与威尔科克斯公司总部位于俄亥俄州阿克伦，是一家为电力和工业市场提供能源和环境技术与服务的全球领导者。关注我们的Twitter @Babcock威尔科克斯，并在www.babcock.com了解更多信息。