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Babcock & Wilcox Announces Rights Offering For Common Stock

6/17/2019

(BARBERTON, Ohio – June 17, 2019) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the “Company”) (NYSE: BW) announced today that its Board of Directors has approved a record date and subscription period for the rights offering originally announced on April 5, 2019.  Assuming B&W’s registration statement relating to the rights offering is declared effective, the Company will distribute to each holder of the Company’s common stock one non-transferable subscription right to purchase 0.986896 shares of the Company’s common stock at a price of $0.30 per whole share for each share of the Company’s common stock held as of 5:00 p.m., New York City time, on June 27, 2019 (the “rights offering record date”).  The Company will not issue any fractional shares of the Company’s common stock in the rights offering, and all exercises of subscription rights will be rounded to the nearest whole share. In addition, the Company will not issue fractional subscription rights or pay cash in lieu of fractional subscription rights.
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Babcock & Wilcox Enterprises Announces First Quarter 2019 Results

5/9/2019

- The Babcock & Wilcox segment increased revenues by 18.5% and adjusted EBITDA by 115% - The SPIG segment returned to profitability and increased adjusted EBITDA by $8 million - Consolidated operating loss was $74.5 million lower, and adjusted EBITDA improved by $72.7 million  
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Babcock & Wilcox to Webcast Discussion of Its First Quarter 2019 Results

5/3/2019

(BARBERTON, Ohio – May 3, 2019) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Friday, May 10, 2019 at 8:30 a.m. ET.
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Conference Call Set for April 8

4/8/2019

B&W will host a conference call and webcast on Monday, April 8, 2019 at 5 p.m. Eastern time. B&W Chief Executive Officer Kenneth Young, B&W Chief Financial Officer Louis Salamone and B&W Chief Strategy Officer Henry Bartoli will discuss the new financing arrangements, as well as the Company’s fourth quarter 2018 results. The listen-only audio of the conference call will be broadcast live via the Internet at www.babcock.com. The dial-in number for participants in the U.S. is (833) 227-5843; the dial-in number for participants outside the U.S. is (647) 689-4070. The conference ID for all participants is 6287128. A replay of this conference call will remain accessible in the investor relations section of the Company's website for a limited time.  
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Babcock & Wilcox Releases 2018 Annual Report

4/2/2019

(BARBERTON, Ohio. – April 2, 2019) – Today, Babcock & Wilcox Enterprises, Inc. (NYSE: BW) released its annual report on Form 10-K, which is available on the investor section of the Company’s website, www.babcock.com. Also, as previously announced on March 29, 2019 on Form 8-K, the Company and its lenders entered into an agreement further amending its credit agreement and waiving certain covenants and events of default through April 5, 2019.  Pending the disclosure of additional information regarding the outcome of ongoing discussions with our lenders and potential sources of additional capital, the Company directs investors and other interested parties to its full disclosure regarding its financial position and results of operations included in its annual report on Form 10-K.
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