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Babcock Wilcox Enterprises Reports Third-Quarter 2020 Results
November 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"...
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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"...
Babcock & Wilcox Announces Three-Year Contract Extension for CEO Kenny Young
November 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.
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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.
Babcock & Wilcox Sets Third Quarter 2020 Conference Call and Webcast for Thursday, November 12, 2020 at 8:30 a.m. ET
November 2, 2020
(AKRON, Ohio – November 2, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Thursday, November 12, 2020 at 8:30 a.m. ET.
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B&W Thermal to Refurbish North American Power Plant to Maintain Efficiency and Performance
October 28, 2020
Babcock & Wilcox Construction Co., LLC provides single-source, in-depth expertise for baseload power generation across North America (AKRON, Ohio – October 28, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will perform boiler maintenance and refurbish a bottom ash system for a power plant in North America. The contract is valued at more than $7 million and was awarded to B&W’s subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC).
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B&W Renewable to Provide Upgrades to Reduce Emissions and Increase Efficiency of Scotland Waste-to-Energy Plant
October 21, 2020
(AKRON, Ohio – October 21, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has been awarded a contract to provide upgrades to Shetland Islands Council’s energy recovery plant in Lerwick, Scotland, to reduce emissions and increase efficiency.
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Babcock & Wilcox Renewable Announces Global Partnership for Battery Solutions with Eos Energy Storage
October 13, 2020
B&W will Market Eos’ Battery Storage Solutions Globally
B&W is Exclusive Preferred Installer in U.S. and Canada
Eos Znyth® Zinc Battery is a Safe, Scalable and Sustainable Renewable Energy Storage Technology (AKRON, Ohio – October 13, 2020) – Babcock & Wilcox (B&W) (NYSE: BW), through its B&W Renewable segment, has signed a strategic partnership agreement with Eos Energy Storage LLC, to sell and service Eos’ innovative, patented Eos Znyth® zinc battery solution for industrial and utility-scale energy storage. Under this agreement, B&W subsidiary The Babcock & Wilcox Company will mark...
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B&W is Exclusive Preferred Installer in U.S. and Canada
Eos Znyth® Zinc Battery is a Safe, Scalable and Sustainable Renewable Energy Storage Technology (AKRON, Ohio – October 13, 2020) – Babcock & Wilcox (B&W) (NYSE: BW), through its B&W Renewable segment, has signed a strategic partnership agreement with Eos Energy Storage LLC, to sell and service Eos’ innovative, patented Eos Znyth® zinc battery solution for industrial and utility-scale energy storage. Under this agreement, B&W subsidiary The Babcock & Wilcox Company will mark...
B&W Environmental to Supply Highly Efficient Cooling Technology for Pulp Mill in Brazil
October 8, 2020
(AKRON, Ohio – October 8, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design and supply its highly efficient SPIG S.p.A. cooling towers for a pulp mill operated by LD Celulose S.A. in the Triângulo Mineiro region in Brazil. The contract is valued at approximately $2 million.
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Babcock & Wilcox Thermal to Supply Package Boilers for Municipal Heating in Canada
October 6, 2020
(AKRON, Ohio – October 6, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will design, manufacture and supply two package boilers to Creative Energy for district heating in Vancouver, British Columbia, Canada. The contract is valued at more than $4 million.
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Babcock & Wilcox Thermal Awarded Air Heater Replacement Contract for US Power Plant
October 1, 2020
(AKRON, Ohio – October 1, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will supply and install replacement secondary air heater components for a U.S. power plant.
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B&W Thermal Awarded Contracts Totaling More Than $15 Million for Emissions and Performance Upgrades at Taiwan Power Company Plant
September 23, 2020
(AKRON, Ohio – September 23, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced that its B&W Thermal segment will design and supply industry leading low-NOx combustion technology and an innovative pulverizer system upgrade for Taiwan Power Company’s Taichung Power Plant in Longjing District, Taichung, Taiwan. The contracts total more than $15 million.
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Babcock & Wilcox Environmental Installs Advanced Eco-Friendly Cooling System
September 9, 2020
(AKRON, Ohio – September 9, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment has successfully installed a new cooling tower system for Naturgy Generación’s combined cycle natural gas power plant in Puerto de Sagunto, Spain. The cooling system, designed to reduce water usage and reliance on chemicals for water treatment, was supplied and installed by B&W’s subsidiary, SPIG S.p.A.
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Babcock & Wilcox Environmental Awarded Contract for Innovative Ash-Handling Technology
September 9, 2020
(AKRON, Ohio – September 9, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will supply a patented ash-handling solution to help a Wisconsin utility meet state and federal Environmental Protection Agency (EPA) guidelines.
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