Babcock & Wilcox Enterprises, Inc. reported strong financial performance in the second quarter of 2024, with revenues of $233.6 million, net income of $25.4 million, and operating income of $42.2 million, exceeding expectations. The company's Adjusted EBITDA of $23.3 million, $24.6 million excluding certain expenses, surpassed projections. CEO Kenneth Young highlighted the increased demand for their technologies supporting sustainable energy generation from various fuel sources. He emphasized the company's focus on natural gas conversions, environmental solutions, carbon capture, and clean energy opportunities with utility and industrial customers. B&W's strategic shift towards higher-value projects led to improved margins despite lower revenues. The sale of a Denmark subsidiary boosted the balance sheet, with plans for additional non-strategic asset sales. The company anticipates continued growth in the second half of 2024, with a robust pipeline of project opportunities. B&W is actively investing in technologies like BrightLoop™ for hydrogen production from solid fuels. Despite lower revenues compared to the previous year, the company demonstrated strong operating results and a positive outlook for future performance.