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.
Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $5 million to design and supply SPIG® cooling towers for a pulp mill in South America. The contract includes 18 cooling cells across three towers, aimed at enhancing efficiency and reducing water use. The company highlights the growing demand for its technologies in the South American pulp and paper market. Their specialized solutions cater to various operational needs, focusing on environmental sustainability and efficiency.
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Babcock & Wilcox (BW) reported over $23 million in parts and services bookings in April 2022, marking the strongest start since 2016. This surge reflects a return to pre-pandemic demand levels among utility and industrial customers in North America. Notable orders include environmental aftermarket parts, pulp and paper upgrades, and B&W's Diamond Power product lines. Executive VP Jimmy Morgan emphasized the ongoing strong demand and B&W's commitment to serving utility customers. The company expects this trend to continue in the coming months.
Babcock & Wilcox (NYSE: BW) announced a $68 million contract awarded to its subsidiary, Babcock & Wilcox Construction Co., for power plant maintenance in North America. This project aims to enhance energy security through efficient and safe construction services. BWCC emphasizes a strong safety culture with a goal of zero lost-time incidents. The company provides turnkey construction and maintenance services across various industries, showcasing its versatility and commitment to quality in infrastructure projects.
Babcock & Wilcox Enterprises, Inc. (NYSE: BW) will present at the 22nd Annual B. Riley Securities Institutional Investor Conference on May 25-26, 2022, in Beverly Hills, California. CEO management is scheduled to speak on May 25 from 8:10 a.m. to 8:45 a.m. PT, with one-on-one meetings available throughout the event. The conference gathers over 1,000 attendees and features company presentations, panels, and networking opportunities. For meeting requests or more information, contact via email or visit the conference website.
Babcock & Wilcox Enterprises (NYSE: BW) reported a strong first quarter of 2022, with revenues reaching $204 million, a 21% increase compared to Q1 2021. The Renewable segment performed particularly well, with revenues of $68 million, reflecting a 136% rise. Net loss improved to $8.7 million from a loss of $15.4 million. Bookings soared 41% to $239 million, while backlog jumped 35% to $721 million. The company continues to navigate challenges from the Ukraine conflict and COVID-19, but sees growth opportunities in energy security and decarbonization.
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) will host a conference call on May 9, 2022, at 5 p.m. ET to discuss its first quarter 2022 results. The call will be led by CEO Kenneth Young and CFO Louis Salamone, with results to be released after market close on the same day. The public can listen to the call through B&W’s investor relations site. Dial-in numbers are provided for participants in the U.S., Canada, and other locations, and a replay will be available for a limited time.
Babcock & Wilcox (NYSE: BW) has secured a significant contract worth over $12 million from Lotte Engineering & Construction Co. to provide hybrid cooling systems for Korea District Heating Corporation's power generation projects in Daegu and Cheongju, South Korea. The contract includes the design and supply of SPIG hybrid cooling towers, which utilize advanced cooling technologies to enhance efficiency while reducing water use and noise emissions. This deal reflects B&W's ongoing growth in the East Asian market since establishing its Asia-Pacific headquarters in 2020.
Babcock & Wilcox (NYSE: BW) has been named the preferred supplier for Fidelis New Energy's biomass power plant at the Port of Greater Baton Rouge, Louisiana. This 200-megawatt plant will be the largest of its kind globally, utilizing B&W’s engineering and technology for a net-negative carbon impact. The facility will support Fidelis’ Grön Fuels project, producing sustainable fuels with a carbon sequestration strategy. B&W aims to leverage its OxyBright technology to capture over 2 million tons of CO2 annually, contributing to clean energy production and further positioning itself in the decarbonization market.
Babcock & Wilcox (NYSE: BW) has joined the UN Global Compact, a corporate sustainability initiative aimed at promoting responsible business practices globally. This partnership reinforces the company's commitment to the Ten Principles of the Global Compact and the UN's Sustainable Development Goals. B&W is recognized for its clean energy solutions and innovative technologies in decarbonization and renewable energy. The Global Compact consists of over 15,000 companies and aims to unite businesses for a better world.