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 Enterprises (BW) announced the closing of a public offering of 4,000,000 shares of its 7.75% Series A Cumulative Perpetual Preferred Stock, raising approximately $100 million. The offering netted about $95.7 million after expenses. The Preferred Stock will trade under the symbol 'BW PRA'. The funds are earmarked for corporate purposes, including clean energy initiatives and potential acquisitions. The first dividend is scheduled for June 30, 2021. CEO Kenneth Young highlighted growth opportunities in renewable technologies and a focus on increasing shareholder value.
Babcock & Wilcox Enterprises announced the pricing of its public offering of 4,000,000 shares of 7.75% Series A Cumulative Perpetual Preferred Stock at $25.00 per share, totaling approximately $100 million. A 30-day option for underwriters to purchase an additional 600,000 shares is included. The expected closing date is May 7, 2021, with potential trading under the symbol 'BW PRA' following approval. Proceeds will support general corporate purposes, including clean energy initiatives and acquisitions.
Babcock & Wilcox Enterprises (BW) has announced a public offering of $50 million in Series A Cumulative Perpetual Preferred Stock. The offering includes a 30-day option for underwriters to purchase additional shares. Proceeds will be allocated for general corporate purposes such as clean energy initiatives, potential acquisitions, and reducing net leverage. The offering is subject to market conditions, and B. Riley Securities is the lead manager. Forward-looking statements highlight risks including potential impacts from the COVID-19 pandemic and uncertainties surrounding the offering.
Babcock & Wilcox Enterprises (NYSE:BW) will host a conference call on May 13, 2021, at 8 a.m. ET to discuss its first quarter 2021 results. The call will be led by Chairman and CEO Kenneth Young and CFO Louis Salamone, with a news release detailing results released prior to the market open on the same day. Participants can join the call via the U.S. dial-in number (833) 227-5843 or internationally at (647) 689-4070 using conference ID 2970079. A replay will be available on the Company’s investor relations website.
Babcock & Wilcox Enterprises (NYSE: BW) reported preliminary results for Q1 2021, showing a net loss of $15.5 million and adjusted EBITDA of $8.5 million. The company secured $171 million in bookings and maintained a backlog of $538 million as of March 31, 2021. B&W highlighted its strategic initiatives, including international expansion and cost-saving measures, aiming for adjusted EBITDA targets of $70-$80 million for 2021 and $95-$105 million for 2022. Additionally, the passage of the U.S. American Rescue Plan Act has reduced pension funding requirements by $133 million through 2026.
Babcock & Wilcox (NYSE: BW) announced the awarding of parts and service contracts exceeding $24 million in key international markets, including Asia, the Middle East, and Europe. These contracts, secured in the first quarter, encompass aftermarket parts and maintenance services across various industries such as utilities and manufacturing. B&W has been actively expanding its presence since Q3 2020, with significant orders from utility customers in Indonesia and the Middle East. The company remains focused on enhancing its Renewable and Environmental businesses by pursuing high-margin opportunities internationally.
Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $20 million to design, supply, and install replacement thermal technologies for a North American power plant. The project includes fabricating a new primary superheater pendant and a second stage economizer, aimed at extending the plant's operational life. B&W Thermal emphasizes the importance of maintaining power plant efficiency and supports compliance with environmental regulations. This contract illustrates B&W's role in enhancing performance across the power generation sector.
Babcock & Wilcox Enterprises (NYSE: BW) will present at the Gabelli Funds 7th Annual Waste & Environmental Services Symposium on March 18, 2021, at 4:15 p.m. Eastern Time. The event will be held virtually, and B&W management will participate in one-on-one meetings throughout the conference. This symposium will highlight key industry dynamics, technologies, and fundamentals from several leading companies in the field. For additional details, inquiries, or meeting requests, contact RRiad@gabelli.com.
Babcock & Wilcox Enterprises (NYSE: BW) will participate in the 33rd Annual Roth Conference, held virtually from March 15-17, 2021. The company’s management will engage in one-on-one meetings throughout the event. Interested parties can register or request meetings via this link or by emailing oneononerequests@roth.com. The Roth Conference is an exclusive event featuring presentations from numerous companies, aiming to connect them with over 5,000 investors.
Babcock & Wilcox Enterprises (BW) reported its fourth-quarter and full-year 2020 results, highlighting a 34% decline in consolidated revenues to $566.3 million due to COVID-19 impacts. Fourth-quarter revenues were $149.9 million, down 17% year-over-year. Adjusted EBITDA for the year improved slightly to $45.1 million. The company successfully reduced secured debt by $274 million and anticipates annual cash savings of over $40 million. Future growth focuses on the Renewable and Environmental segments, targeting over $5 billion in identified opportunities over the next three years.