B&W Company News
Showing 6–10 of 34 Results
(Topic: '')

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.
Read More

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.
Read More

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.
Read More

B&W Awarded $80 Million Contract To Supply Boiler To Philippines Power Plant

3/7/2016

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today its subsidiary, The Babcock & Wilcox Company (B&W), has been awarded a contract for more than $80 million to design and manufacture a highly efficient, supercritical boiler and other components for the Masinloc Thermal Power Plant expansion project in Zambales Province, Philippines.
Read More

B&W Awarded 18 Million Contract For Power Plant Reheater Replacement

2/12/2016

(CHARLOTTE, N.C. – February 12, 2016) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today its subsidiary, The Babcock & Wilcox Company (B&W), has been awarded a contract for more than $18 million to engineer, manufacture and install a replacement reheater at Xcel Energy’s Pawnee Generating Station near Brush, Colo.
Read More