Babcock & Wilcox Enterprises Reports Third Quarter 2020 Results Revenues of $132.5 million Net income of $34.7 million, a $91.7 million improvement Adjusted EBITDA of $25.6 million with adjusted EBITDA margin of 19.3% Diluted EPS improved to $0.69, compared to $(1.39) Quarterly bookings increased 106% compared to third quarter 2019, and increased 111% sequentially The above results include the recognition of a $26.0 million loss recovery settlement related to certain historical EPC loss contracts (AKRON, Ohio – November 12, 2020) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) reported financial results for the third quarter ended September 30, 2020.

CEO Kenny Young’s contract extended through end of 2023 Chief Strategy Officer Henry Bartoli to provide strategic consulting services through 2021 (AKRON, Ohio – November 10, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today a three- year extension of the contract under which Kenny Young serves as B&W’s CEO, through December 31, 2023. Young also serves as Chairman of the B&W Board of Directors.

Three new independent directors join Board of Directors Chief Executive Officer Kenneth Young and Chief Strategy Officer Henry Bartoli also join Board New directors are part of a well-planned transition and strategic shift to accelerate growth in light of improved operational stability Five directors have retired, and the new Board is comprised of six members with four serving independently Kenneth Young succeeds Matthew Avril as Chairman of the Board and current director Alan Howe named Lead Independent Director Company to host conference call today to discuss the Board changes and provide an operational update (AKRON, Ohio – September 3, 2020) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) today announced the appointment of three new independent members to its Board of Directors, reflecting a well-planned transition and strategic shift to accelerate growth within B&W in light of improved operational stability. The new independent members are Philip Moeller, Rebecca Stahl and Joseph Tato. CEO Kenneth Young and Chief Strategy Officer Henry Bartoli have also joined the Board, with Young appointed as Chairman of the Board.