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4Q20 highlights
Net income of US$4.6 million.
Earnings per share of US$0.09.
Consolidated adjusted EBITDA of US$16.1 million.
Bookings of US$167 million.
FY20 highlights
Net income of US$(10.3) million.
Earnings per share of US$(0.21).
Consolidated adjusted EBITDA of US$45.1 million.
Bookings of US$645 million.
Minimum required pension funding contributions reduced by US$107 million or 75%.
"Our results for 4Q20 and FY20 reflect the ongoing positive impact of our strategic actions, cost savings initiatives, and strong management and operational effectiveness, despite the impacts of COVID-19 across our segments, and we are confident in our ability to achieve our previously stated adjusted EBITDA targets of US$70 – US$80 million and US$95 – US$105 million, in 2021 and 2022, respectively," said Kenneth Young, B&W's Chairman and CEO.