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Babcock & Wilcox News
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Babcock & Wilcox Commences Cash Tender Offer For Two Series of Notes
June 5, 2025
Babcock & Wilcox announced today offers to purchase for cash up to a maximum $70 million aggregate amount of Tender Consideration of the Company’s 8.125% Senior Notes due 2026 and 6.50% Senior Notes due 2026.
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Babcock & Wilcox Announces Agreement to Sell Its Diamond Power International Business
June 5, 2025
Babcock & Wilcox announced today that it has reached an agreement to sell its Diamond Power International business to Austria-based ANDRITZ for $177 million, subject to customary fees and adjustments.
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Babcock & Wilcox Enterprises Reports First Quarter 2025 Results
May 12, 2025
"We are pleased to report a strong start to 2025, highlighted by first quarter consolidated revenue and Adjusted EBITDA that exceeded Company and consensus expectations,” commented Kenneth Young, B&W’s Chairman and Chief Executive Officer.
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Babcock & Wilcox Announces Private Bond Exchanges to Reduce Outstanding Debt, Lower Annual Interest Expense and Extend Debt Maturity to 2030
May 12, 2025
B&W announced it has entered into privately negotiated exchanges with a limited number of noteholders that will result in $131.8 million of the Company’s outstanding Senior Notes due 2026 being exchanged for $100.8 million in newly issued 8.75% Senior Secured Second Lien Notes due 2030.
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Babcock & Wilcox to Use Portion of Proceeds of Asset Sale for BrightLoop™ Technology Deployment, Including Massillon Project
May 6, 2025
Babcock & Wilcox announced that it will use a portion of the funds received from the sale of the assets of its Denmark-based Babcock & Wilcox A/S to Kanadevia Inova for the deployment of its BrightLoop™ hydrogen production facility in Massillon, Ohio.
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Babcock & Wilcox Announces Sale of Assets of its Denmark-based Babcock & Wilcox A/S Subsidiary to Kanadevia Inova
May 6, 2025
Babcock & Wilcox announced it has sold the majority of the assets of its Denmark-based Babcock & Wilcox A/S subsidiary to Kanadevia Inova Denmark A/S for $20 million.
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Babcock & Wilcox Enterprises Reports Fourth Quarter and Full Year 2024 Results
March 31, 2025
Revenue from Continuing Operations in Q4 2024 of $200.8 million increased 15% Year over Year.
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Babcock & Wilcox Sets Fourth Quarter 2024 Conference Call and Webcast for Monday, March 31, 2025 at 5 p.m. ET
March 17, 2025
Babcock & Wilcox will host a conference call and webcast on Monday, March 31, 2025, at 5 p.m. ET, and will discuss 4Q-2024 results.
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Babcock & Wilcox Announces Leadership Appointments
December 2, 2024
B&W announced leadership changes that will become effective January 1, 2025. Lou Salamone to retire as Chief Financial Officer; Cameron Frymyer named Chief Financial Officer; Chris Riker named Chief Operating Officer; Jimmy Morgan named Chief Commercial Officer and Gillianne Hetrick named Senior Vice President, Corporate Operations.
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Babcock & Wilcox Enterprises Reports Third Quarter 2024 Results
November 12, 2024
Babcock & Wilcox Enterprises, Inc. announced results for the third quarter of 2024. "We believe that we are in a unique position to leverage the significant increase in base-load generation demand in North America and around the world," said Kenneth Young, B&W Chairman and Chief Executive Officer.
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Babcock & Wilcox Announces Closing of Previously Announced Sale of its Italian and Swedish Businesses
October 31, 2024
Babcock & Wilcox Enterprises, Inc. announced the closing of the previously announced sale of the Italy-based SPIG S.p.A. group of companies and Sweden-based Babcock & Wilcox Vølund AB — formerly known as Götaverken Miljö AB (GMAB).
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Babcock & Wilcox Reaches Agreement to Sell its Italian and Swedish Businesses
October 10, 2024
B&W announced today it has reached an agreement to sell its Italy-based SPIG S.p.A. group of companies and Sweden-based Babcock & Wilcox Vølund AB formerly known as Götaverken Miljö AB (GMAB).
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