B&W Company News
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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.
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Babcock & Wilcox Announces Second Quarter 2017 Results


New Renewable execution model introduced in Europe; reports charge on ongoing Renewable projects Solid gross margin performance in Power Cross selling and end-market improvements drive strong Industrial bookings New financing arrangements in place; second-lien term loan and bank credit agreement amendment  
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B&W to Expand Industrial Segment, Makes Executive Appointment


(CHARLOTTE, N.C. – May 23, 2017) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W) today announced that effective July 1, 2017, its Industrial Steam Generation group will transition from the Power segment to the Industrial segment. In addition, effective immediately, Leslie Kass has been named Senior Vice President, Industrial, to lead the segment.
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Steven A. Scavuzzo Named Recipient of B&W’s Engineering Honors Award


(BARBERTON, Ohio – March 27, 2017) – Babcock & Wilcox (B&W) announced today that Steven A. Scavuzzo, a B&W engineer, technical consultant in the company’s Barberton office and Bath Township resident, has been chosen as the 38th recipient of B&W’s annual Engineering Honors Award.
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Babcock & Wilcox Announces Fourth Quarter 2016 Results


- Power segment in line with expectations; improves gross profit margin - Industrial segment achieves strong revenue growth from acquisition - Renewable segment enhancing execution model; takes charge on ongoing projects (CHARLOTTE, N.C. – February 28, 2017) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today fourth quarter 2016 revenues of $380.0 million, a decrease of $122.7 million, or 24.4%, compared to the fourth quarter of 2015. GAAP earnings per share for the fourth quarter of 2016 were a loss of $1.47 compared to a loss per share of $0.10 for the fourth quarter of 2015. Adjusted earnings per share, which exclude the gain on sale of an equity method investment, non-cash mark-to-market adjustments for pension and other post-retirement benefits, acquisition and integration costs, litigation charges, restructuring activities, and spin-off transaction costs, were a loss of $1.60 for the three months ended December 31, 2016 compared to adjusted earnings per share of $0.47 in the prior year period.
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