B&W Company News
B&W News Room
Showing 11–15 of 94 Results
Some results may appear in English

B&W Commences Rights Offering


(CHARLOTTE, N.C. – March 19, 2018) – Babcock & Wilcox Enterprises, Inc. (the “Company”) (NYSE: BW) announced today that it commenced a rights offering (“Rights Offering”) originally announced on March 1, 2018. Pursuant to the Rights Offering, the Company is distributing to holders of the Company’s common shares one nontransferable subscription right (a “Right”) to purchase 1.4 common shares for each common share held as of 5:00 p.m., New York City time, on March 15, 2018 (the “Rights Distribution Record Date”) at a price of $3.00 per common share (the “Subscription Price”). The Company will not issue any fractional common shares in the Rights Offering and exercises of Rights will be rounded down to the nearest whole common share. In addition, the Company will not issue fractional Rights, or pay cash in lieu of fractional Rights.
Read More

Babcock & Wilcox Announces Fourth Quarter 2017 Results


- Announces new financing arrangements to remove second-lien term loan- U.K. Renewable new-build loss projects moving forward- MEGTEC and Universal strategic evaluations ongoing- Introduces 2018 adjusted EBITDA guidance
Read More

Babcock & Wilcox to Webcast Discussion of Its Fourth Quarter 2017 Results


(CHARLOTTE, N.C. – February 12, 2018) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (the “Company”) expects to host a conference call and webcast on Thursday, March 1, 2018 at 5:00 p.m. ET, during which management will discuss the Company’s fourth quarter 2017 results. A news release detailing the results is expected to be issued after the market close that day.
Read More

Babcock & Wilcox Initiates Executive Transition


CHARLOTTE, N.C. Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that it has appointed Leslie C. Kass to serve as Chief Executive Officer and a member of the Company’s Board of Directors, effective immediately. Jim Ferland will work closely with Ms. Kass, the management team and the Board in the role of Executive Chairman until he steps down from the Board on June 30, 2018 per his current employment agreement.
Read More

B&W Appoints Three New Independent Directors - Enters Agreement with Vintage Capital Management, LLC, B&W’s Largest Shareholder


(CHARLOTTE, N.C. – January 3, 2018) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that it has appointed Brian R. Kahn, Henry E. Bartoli and Matthew E. Avril to the Company’s Board of Directors.  Mr. Kahn is the founder and managing partner of Vintage Capital Management, which owns 14.9% of the Company’s common shares.  Mr. Bartoli is an established executive with over 35 years of experience in the global power industry; Mr. Avril has over 35 years of financial and operational experience in private and public companies.
Read More