Babcock & Wilcox Enterprises I Stock Price, News & Analysis

Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $24 million to provide two industrial package boilers and advanced emissions control systems for a petroleum refinery in North America. The B&W Thermal segment will design and supply the boilers and auxiliary equipment, while the B&W Environmental division will deliver select catalytic reduction systems to manage nitrogen oxide emissions. This contract highlights the strong demand for reliable steam generation and emissions technologies in the oil and gas sector.

Babcock & Wilcox (NYSE: BW) announced a new contract worth over $42 million for upgrade and maintenance projects across North America in the electrical utility, pulp & paper, and oil & gas sectors. The company's Babcock & Wilcox Construction Co., LLC (BWCC) is experiencing strong demand for its Thermal aftermarket services. BWCC has a substantial backlog for construction projects heading into 2023, indicating consistent growth in service offerings, including boiler installations and repairs.

Babcock & Wilcox announced its Q3 2022 results, highlighting revenues of $214.9 million, a 34% increase from the previous year, but recorded a net loss of $20.6 million, down from a net income of $13.6 million. Adjusted EBITDA fell to $13.1 million from $18.9 million. Bookings improved by 31% to $227 million, with a backlog of $730 million, a 35% increase. The company anticipates a full-year Adjusted EBITDA of between $100 million and $120 million for 2023, despite ongoing supply chain challenges.

Babcock & Wilcox (NYSE: BW) announced its adjusted EBITDA targets for 2023, forecasting between $100 million and $120 million, despite geopolitical challenges affecting 2022. The company revised its 2022 EBITDA target down to $70 million to $80 million due to supply chain pressures. Strong demand is evidenced by a $724 million backlog and $226 million in bookings for Q3 2022, marking over 30% improvement from Q3 2021. A conference call is scheduled for November 8, 2022, to discuss these results.

Babcock & Wilcox (BW) has been awarded a contract by CONSOL Energy to study the application of its SolveBright CO₂ capture technology for the 21^st Century Power Plant project. This project aims to utilize advanced carbon capture technologies as part of a U.S. Department of Energy initiative. The plant is designed to capture approximately 781,000 metric tonnes of CO₂ annually. B&W will collaborate with Honeywell UOP, leveraging their ASCC process technology to enhance CO₂ emissions reduction and promote clean energy generation.

Babcock & Wilcox (NYSE: BW) will participate in the 2022 Global Clean Energy Action Forum from Sept. 21-23 in Pittsburgh, Pa. Chairman and CEO Kenneth Young will join industry leaders and U.S. DOE officials for a roundtable on Sept. 22 at 6:30 p.m. ET, emphasizing commercialization of clean energy technologies. The event includes the 4 C’s Celebration, focusing on the transition from research to market. Young highlighted B&W's role in reducing emissions and advancing renewable energy solutions.

Babcock & Wilcox Enterprises (NYSE:BW) will present at D.A. Davidson’s 21st Annual Diversified Industrials & Services Conference in Nashville, TN, on September 23, 2022. The presentation is scheduled from 11:00 a.m. to 11:30 a.m. Eastern Time, alongside one-on-one meetings throughout the event. For further information or meeting requests, attendees are encouraged to contact D.A. Davidson representatives or visit the conference web site.

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) will present at the Lake Street Capital Markets 6^th Annual Best Ideas Growth (BIG6) Conference on September 14, 2022, in New York. B&W's Chairman and CEO, Kenneth Young, along with CFO Louis Salamone, will conduct one-on-one meetings during the event. For more details or to request an invitation, attendees should contact their Lake Street representative or visit the conference web site.

B&W specializes in energy and environmental technologies, serving the power and industrial sectors.

Babcock & Wilcox (BW) has secured a contract worth approximately $42 million for construction and installation services at a U.S. power plant aimed at enhancing its environmental performance. The contract is awarded to Babcock & Wilcox Construction Co., LLC (BWCC), which emphasizes its expertise in environmental upgrades. Safety and timely project delivery are highlighted as top priorities. This contract reinforces BW's capability as a reliable provider of environmental solutions, aligning with its commitment to maintaining efficient and clean power operations.