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. (BW) is an Akron, Ohio‑based energy technology company that focuses on energy and environmental products and services for power and industrial markets worldwide. Its news flow reflects activities across its B&W Renewable, B&W Environmental, and B&W Thermal segments, as well as capital markets events and corporate governance developments.
Visitors to this BW news page can review company announcements about project awards, technology deployments, and strategic agreements. Recent press releases include contracts for advanced low‑pressure Wet Gas Scrubbing technology at a Canadian petroleum refinery, boiler refurbishment and equipment installation for a Canadian pulp and paper mill, and service work at a U.S. coal‑fired power plant to install replacement steam and reheat piping. These items illustrate how Babcock & Wilcox applies its steam generation and environmental control capabilities in real‑world projects.
The company also reports news related to carbon capture and AI data center power projects, such as limited notices to proceed for its SolveBright CO₂ capture system at a U.S. power plant and agreements to design and install natural gas‑fired power plants using proven boiler and steam turbine configurations for AI factories and data centers. In addition, investors can follow updates on at‑the‑market equity offerings, redemption of senior notes, and other financing activities disclosed through press releases and related SEC filings.
Corporate and investor‑relations news items include participation in conferences like the Needham Growth Conference and the B. Riley Convergence Conference, as well as announcements about board and executive transitions. This news page brings together these disclosures so that readers can review how Babcock & Wilcox communicates its project pipeline, technology focus, financing actions, and leadership changes over time.
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Babcock & Wilcox Enterprises, Inc. (NYSE:BW) is set to hold a conference call and webcast on May 10, 2023, at 8 a.m. ET. The call will feature insights from CEO Kenneth Young and CFO Louis Salamone discussing the company’s first quarter 2023 results. A detailed news release regarding these results is anticipated before the market opens on the same day.
The conference call will be available through B&W’s Investor Relations site, with dial-in numbers provided for U.S., Canadian, and international participants. A replay of the call will be accessible through the company’s website for a limited time.
Babcock & Wilcox is a leader in energy and environmental products and services, operating globally.
Babcock & Wilcox Enterprises (NYSE: BW) has secured contracts exceeding $15 million from Summit Ridge Energy for five community solar projects in Illinois, totaling approximately 15 megawatts. This follows a previous award of over $20 million for seven solar farms in August 2022. The projects, driven by the increasing demand for renewable energy and incentives from the Inflation Reduction Act, are set for completion in 2023. B&W's expertise in solar project management is highlighted as essential for delivering clean energy to Illinois communities.
Babcock & Wilcox (BW) has secured a contract worth over $9 million to design and supply two cooling systems for a clean hydrogen production facility in the location value="LR/mde"Middle East. These cooling towers, made of fiberglass-reinforced polymer (FRP), will support the use of renewable energy in hydrogen production, ensuring efficient and low-emissions operation. The company's Executive VP, Jimmy Morgan, stressed the importance of renewable energy for the future and highlighted their advanced technologies that aid clean energy production. B&W focuses on providing durable solutions that minimize environmental impact.
Babcock & Wilcox Enterprises reported a strong Q4 2022 with revenues of $250 million, a 30% increase year-over-year. Full-year revenues rose to $889.8 million, a 23% growth from 2021. Adjusted EBITDA for 2022 was $72.4 million, surpassing the target. However, the company faced a net loss of $26.6 million, a sharp contrast to the previous year's $31.5 million profit. Bookings reached $908 million, marking a 17% increase, with a year-end backlog of $704 million, a 19% rise from 2021. The company reiterated its 2023 adjusted EBITDA target of $100 million to $120 million amidst ongoing industry challenges and geopolitical pressures.
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced a conference call scheduled for March 15, 2023, at 8 a.m. ET, to discuss its fourth quarter and full year 2022 results. The call will be led by Chairman and CEO Kenneth Young and CFO Louis Salamone. A news release detailing the results will precede the call, expected before market opening on the same date. Participants can join via a dedicated dial-in or stream the call live through B&W’s Investor Relations site. A replay of the call will also be available post-event.
Babcock & Wilcox (NYSE: BW) has secured contracts exceeding $14 million for its B&W Environmental segment. The contracts involve the design and supply of efficient dry cooling systems for waste-to-energy plants in the location value="LC/gb" idsrc="xmltag.org"UK. These systems promote environmental benefits by eliminating cooling water discharge and are suitable for various climates. The company's COO highlighted growth in the UK market, indicating potential future opportunities.
Babcock & Wilcox (NYSE: BW) has secured a contract worth approximately $65 million from Lostock Sustainable Energy Plant Ltd. to provide advanced engineering services for the Lostock Sustainable Energy plant in Manchester, UK. This facility will convert residual waste into over 60 megawatts of energy, processing around 600,000 tonnes of waste annually, making it one of the largest waste-to-energy plants in the UK. The project aims to support decarbonization efforts by utilizing technologies such as GMAB™ flue gas treatment and SPIG™ air-cooled condensers. Commercial operations at the plant are scheduled to commence in late 2025.
Babcock & Wilcox (NYSE: BW) has secured a contract from Phillips 66 Limited to develop flue gas pre-treatment technology for a carbon capture system at the Humber Refinery in the UK. This initiative is part of the Humber Zero project, aiming to capture up to 8 million tonnes of CO2 by 2030. The partnership highlights B&W's extensive experience in enhancing oil and gas processes and their commitment to environmental sustainability through innovative technologies.