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What: Shares of energy technology company Babcock & Wilcox
So what: Revenue grew 13.6% to $800.8 million in the fourth quarter, topping analyst revenue expectations of $769.2 million. Net income grew 17% to $62 million, or $0.54 per share, and easily topped the $0.41 Wall Street forecast.
Now what: Management is expecting the good times to continue, projecting double-digit growth in 2012. More than $5.3 billion in backlog should help drive that growth. The energy industry is a strong space right now, and Babcock is providing technologies that companies and the government need for the future. Based on that, I think the company's strong earnings can continue, and the stock is looking attractive at its current price.
Interested in more info on Babcock? Add it to your watchlist by clicking here.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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