Babcock & Wilcox News

(AKRON, Ohio – August 27, 2025) – Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced today that on August 21, 2025, our Board of Directors authorized us to repurchase up to the remaining outstanding principal amounts of each of our outstanding 8.125% Senior Notes due 2026 (the “February 2026 Notes”) and 6.50% Senior Notes due 2026 (the “December 2026 Notes” and, together with the February 2026 Notes, the “Notes”). Under the repurchase authorization, we may repurchase the Notes from time to time through open market repurchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans or through the use of other techniques. The extent of such repurchases, including the amount and timing of any repurchases, will depend on a variety of factors, including trading prices, trading volume and general market conditions, alternative investment opportunities and other considerations. This repurchase authorization does not require us to repurchase a minimum amount of Notes, and it may be modified, suspended or terminated at any time without prior notice.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to future repurchases of Notes. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.