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Babcock & Wilcox Enterprises Reports First Quarter 2021 Results

5/13/2021

Q1 2021 Highlights: Revenues of $168.2 million, a 13.3% improvement compared to first quarter 2020 Net loss of $15.5 million, compared to net loss of $31.5 million in first quarter 2020  Loss per share of $0.22, compared to loss per share of $0.68 in first quarter 2020 Consolidated adjusted EBITDA of $8.5 million, compared to $1.0 million in first quarter 2020 Positive adjusted EBITDA reported by all segments Strong bookings of $169 million Reduced minimum required pension funding contributions by $26 million, in addition to the $107 million reduction previously disclosed (AKRON, Ohio – May 13, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced results for the first quarter of 2021.
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Babcock & Wilcox Enterprises Announces Closing of $100 Million Offering of Series A Cumulative Perpetual Preferred Stock

5/10/2021

AKRON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on May 7, 2021 it closed an underwritten registered public offering of 4,000,000 shares of its 7.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share with a liquidation preference of $25.00 per share (the “Preferred Stock”), at an offering price of $25.00, for gross proceeds of approximately $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.
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Babcock & Wilcox Enterprises Prices $100 Million Offering of Series A Cumulative Perpetual Preferred Stock

5/5/2021

(AKRON, Ohio – May 5, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced the pricing of its underwritten registered public offering of 4,000,000 shares of its 7.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share with a liquidation preference of $25.00 per share (the “Preferred Stock”), at an offering price of $25.00, for gross proceeds of approximately $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. B&W has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of the Preferred Stock in connection with the offering. The offering is expected to close on or about May 7, 2021, subject to satisfaction of customary closing conditions.
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Babcock & Wilcox Enterprises Announces Proposed Offering of $50 million of Series A Cumulative Perpetual Preferred Stock

5/3/2021

(AKRON, Ohio – May 3, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced the commencement of an underwritten registered public offering of shares of $50 million aggregate amount of its Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share with a liquidation preference of $25.00 per share (the “Preferred Stock”). B&W expects to grant the underwriters a 30-day option to purchase additional shares of the Preferred Stock in connection with the offering. The dividend rate and certain other terms of the Preferred Stock will be determined at the time of the pricing of the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
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Babcock & Wilcox Sets First Quarter 2021 Conference Call and Webcast for Thursday, May 13, 2021 at 8 a.m. ET

4/29/2021

(AKRON, Ohio – April 29, 2021) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Thursday, May 13, 2021 at 8 a.m. ET.
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