Acquisitions first and other key takeaways from Babcock & Wilcox’s earnings call

Look for Babcock & Wilcox Enterprises to favor acquisitions over stock buybacks as it continues its efforts to move away from dependence on coal-based markets and diversify its power business. That is one of three key takeaways from B&W’s second quarter earnings call earnings call Wednesday morning. CEO Jim Ferland and Chief Financial Officer Jenny Apker walked analysts through a disappointing quarter. B&W (NYSE:BW) reported a net second quarter loss of $63.5 million, or $1.25 per diluted share,…

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