B&W Company News
B&W Company News
Showing 16–20 of 76 Results

Babcock & Wilcox Announces Second Quarter 2016 Results

8/9/2016

Closed acquisition of SPIG S.p.A. on July 1, 2016 Announces Additional $100 Million Share Repurchase Authorization 
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B&W Completes Acquisition of Cooling Systems and Services-Firm-SPIG

7/5/2016

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) today announced it has completed its acquisition of SPIG S.p.A., a global provider of custom-engineered cooling systems and services. The acquisition is based on an enterprise value of €155 million, subject to certain adjustments.
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B&W Announces Restructuring of Traditional Power Business and Updates Guidance for 2016

6/28/2016

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) today announced actions to proactively restructure its traditional power business in advance of a lower projection for U.S. coal generation and has updated guidance for 2016 to reflect: The net impact of the restructuring and decreased coal-related revenue in the second half of 2016. A charge to correct an engineering design error on a new build renewable energy plant in Europe. The resulting re-engineering, on-site rework and delivery delay will result in a $32 million pretax charge in the quarter and a full-year ($0.51) EPS impact. The shift of $38 million in 2016 expected revenue from a Canadian oil sands project that was delayed due to the impact of the Fort McMurray fires.
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Project Joint Venture of B&W Subsidiary Awarded $110 Million Contract to Replace Equipment at Iowa Power Plant

6/7/2016

CHARLOTTE, N.C. The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that a joint venture between a unit of its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) and architectural, engineering and construction firm Burns & McDonnell Engineering Company, Inc. has been awarded a $110 million contract to replace auxiliary equipment at Interstate Power and Light Company's (IPL) Ottumwa Generating Station power plant in Ottumwa, Iowa.
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B&W to Acquire Cooling Systems and Services Firm SPIG

5/23/2016

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) has signed a definitive agreement to acquire SPIG S.p.A. (“SPIG”), an Arona, Italy-based global provider of custom-engineered cooling systems and services, based on an enterprise value of €155 million, subject to certain adjustments. B&W will webcast a discussion of the transaction on Monday, May 23, 2016 at 8:30 a.m. ET.
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