Welcome to our dedicated page for Babcock & Wilcox Enterprises I news (Ticker: BW), a resource for investors and traders seeking the latest updates and insights on Babcock & Wilcox Enterprises I stock.
Babcock & Wilcox Enterprises Inc (NYSE: BW) delivers essential energy solutions through its thermal, renewable, and environmental technology segments. This news hub provides investors and industry professionals with timely updates on BW's operational milestones, strategic initiatives, and market developments.
Access authoritative reporting on earnings announcements, technology innovations, and regulatory compliance achievements. Our curated news collection covers BW's steam generation systems, renewable energy projects, and emissions control advancements – critical factors influencing the company's position in power generation markets.
Key updates include project contracts with utility providers, partnerships in sustainable energy, and operational expansions across global markets. Bookmark this page for consolidated access to BW's financial disclosures, leadership changes, and product launches that shape energy infrastructure development.
Babcock & Wilcox (NYSE: BW) has received a notice from the New York Stock Exchange (NYSE) on April 4, 2025, indicating non-compliance with continued listing standards due to its average closing stock price falling below $1.00 over a consecutive 30 trading-day period.
The company has a six-month cure period to regain compliance with the minimum share price requirement. During this period, BW's stock will continue trading on the NYSE, subject to other listing requirements. Compliance can be restored if the stock achieves a closing price of at least $1.00 and maintains an average closing price of $1.00 over any 30 trading-day period ending on the last trading day of any calendar month during the cure period.
The notice does not impact BW's business operations, SEC reporting obligations, or trigger any debt obligation violations.
Babcock & Wilcox (NYSE: BW) reported Q4 2024 results with revenue from continuing operations of $200.8 million, up 15% year-over-year. Operating income increased to $11.6 million compared to a loss of $3.3 million in Q4 2023.
Full year 2024 highlights include stable revenues of $717.3 million, improved bookings of $889.6 million (up 39%), and backlog growth to $540.1 million (up 47%). The company reduced its net loss to $73.0 million from $75.8 million in 2023.
Key developments include:
- Completed asset sales of $120.9 million in 2024
- Progressing BrightLoop hydrogen project in Massillon, Ohio, targeting production by early 2026
- Received $10 million support from West Virginia for BrightLoop facility
- Anticipates positive net cash flow in 2025 (excluding BrightLoop)
- 2025 adjusted EBITDA target range: $70-85 million
However, with total debt of $473.9 million and ongoing refinancing discussions, the company faces substantial doubt about its ability to continue as a going concern.
Babcock & Wilcox (NYSE:BW) has scheduled its Fourth Quarter 2024 earnings conference call and webcast for Monday, March 31, 2025, at 5:00 PM ET. The company's Chairman and CEO Kenneth Young, along with CFO Cameron Frymyer, will present the quarterly results.
The earnings release is expected to be published after market close on the same day. Investors can access the live audio broadcast through B&W's Investor Relations website. For call participation, U.S. participants can dial (833) 470-1428, Canadian participants (833) 950-0062, and international participants (929) 526-1599, using conference ID 798073.
Babcock & Wilcox Construction Co. (BWCC) has secured $35 million in contracts for maintenance and service work at power plants and industrial facilities across North America. The company reports a substantial backlog of over $160 million in construction services heading into 2025.
The contracts demonstrate strong market demand for maintenance and service work in North America, as customers prioritize optimal facility performance. BWCC emphasizes the importance of maintaining thermal power fleet operations for energy security and grid reliability. The company's services include outage services, installation, refurbishment, mechanical repair and maintenance services, and equipment and plant installations.
Babcock & Wilcox (NYSE: BW) has secured a $13 million contract to retrofit boiler cleaning equipment for a power plant in Southeast Asia. The project, awarded to B&W's Thermal business segment, encompasses the design, supply, installation, integration, and commissioning of Diamond Power® boiler cleaning equipment.
The scope includes retractable and standard HydroJet® boiler cleaning systems, sootblowers, and a Titanium® advanced intelligent boiler cleaning control system. The customer selected this technology to maintain stable, full-capacity power generation, improve operational efficiency, reduce coal consumption, and lower carbon emissions.
The project is currently in progress and is expected to be completed in the first quarter of 2026. B&W will execute the project through its Philippines Service Center, which serves customers throughout Southeast Asia.
Babcock & Wilcox (NYSE: BW) has secured up to $10 million in funding from the West Virginia Department of Economic Development for developing a BrightLoop™ hydrogen production and carbon capture facility in Mason County. The project, operated through subsidiary Mountaineer C2H, will utilize coal and biomass to produce low-carbon-emissions hydrogen.
The funding will be released in phases based on project milestones. The agreement requires B&W to complete the project by 2030 and create 28 full-time local jobs, plus additional construction-related positions. The facility will employ B&W's proprietary BrightLoop chemical looping technology, which uses iron-oxide TranspO2rt™ particles to produce hydrogen while capturing carbon emissions more efficiently and at a lower cost than other technologies.
Babcock & Wilcox (NYSE: BW) announced several key leadership changes effective January 1, 2025. CFO Lou Salamone will retire after serving since November 2018, transitioning to a one-year consulting role. Cameron Frymyer, a 20-year company veteran, will succeed as CFO. Chris Riker becomes COO, Jimmy Morgan is appointed CCO focusing on ClimateBright™ and BrightLoop™ technologies, and Gillianne Hetrick is named SVP of Corporate Operations. These appointments aim to streamline operations, reduce costs, and expand new technologies across B&W's Thermal, Renewable and Environmental segments.
Babcock & Wilcox (NYSE: BW) has received full notice to proceed on a $246 million contract for converting AES Indiana's Petersburg Generating Station from coal to natural gas. The project involves converting two coal-fired boilers at the 1,160-megawatt plant, with B&W Thermal designing and installing the new natural gas system and air systems. The company's subsidiaries BWCC and FPS will handle construction and supply burners, ignitors, and controls respectively. The project, which began engineering earlier this year, is scheduled for completion in Q1 2027.
Babcock & Wilcox (BW) reported Q3 2024 results with revenue of $209.9 million, down from $239.4 million in Q3 2023. The company posted a net loss of $11.1 million ($0.16 per share), improving from a $12.3 million loss in Q3 2023. Adjusted EBITDA increased to $22.3 million from $20.0 million year-over-year.
Notable developments include receiving approval for a $246 million natural gas conversion project in Indiana and completing asset sales totaling $116 million in 2024. The company reported YTD implied bookings of $810.5 million, a 27% increase, and implied backlog of $628.2 million, up 48% compared to 2023.
Babcock & Wilcox (NYSE: BW) has secured a contract to conduct a feasibility study for implementing its SolveBright™ carbon capture technology at Mälarenergi AB's waste-to-energy plant in Västerås, Sweden. The project aims to capture 400,000 tonnes of CO2 emissions annually and achieve carbon neutrality by 2035. The study will focus on integrating the SolveBright system with the plant's operations, managing heat utilization, and optimizing facility efficiency. The waste-to-energy plant currently provides 50% of Västerås' district heating, and this initiative aligns with Sweden's net-zero emissions goals.
FAQ
What is the current stock price of Babcock & Wilcox Enterprises I (BW)?
What is the market cap of Babcock & Wilcox Enterprises I (BW)?
