B&W Company News
B&W News Room
Showing 1–5 of 62 Results
(Topic: '')
Some results may appear in English

Babcock-Wilcox-Enterprises-Reports-Third-Quarter-2020-Results

11/12/2020

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.
Read More

Babcock & Wilcox Announces Three-Year Contract Extension for CEO Kenny Young

11/10/2020

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.
Read More

Babcock & Wilcox Enterprises Announces Board Changes, Reflecting Improved Operational Stability and New Market-Focused Initiatives

9/3/2020

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.
Read More

Babcock & Wilcox Announces European Growth

9/2/2020

Gary Cochrane Named Managing Director High-Growth Region Has $7 Billion Addressable Market (AKRON, Ohio – September 2, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that it is continuing to expand its presence in Europe to support the growth of its three business segments – B&W Renewable, B&W Environmental and B&W Thermal. Gary Cochrane has been named Managing Director of its European region and will lead the company’s efforts to leverage its established offices, manufacturing facilities and operations in the U.K., Germany, Denmark, Italy and Sweden to expand its footprint in Europe.
Read More

Babcock-Wilcox-Announces-Asia-Pacific-Growth

9/2/2020

Opens Region Headquarters in Perth, Australia Nick Carter Named Managing Director High-Growth Region Has $8 Billion Addressable Market (AKRON, Ohio – September 2, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that it is establishing its Asia-Pacific Region headquarters in Perth, Australia, to serve as the center of operations for its expansion in the Asia-Pacific market. B&W has named Nick Carter as Managing Director of the region.  
Read More