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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 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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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 Enterprises Announces Board Changes, Reflecting Improved Operational Stability and New Market-Focused Initiatives
September 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...
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Babcock & Wilcox Announces Asia Pacific Growth
September 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.
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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.
Babcock & Wilcox Announces European Growth
September 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 ...
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Babcock & Wilcox Enterprises to Present at 9th Annual Gateway Conference on September 10, 2020
September 1, 2020
AKRON, Ohio, September 1, 2020 — Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) has been invited to present at the 9th Annual Gateway Conference, which is being held virtually on September 9-10, 2020.
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Babcock & Wilcox Continues Middle East Expansion
August 31, 2020
• Opens Dubai Headquarters for its Middle East Operations
• Names Wassim Moussaoui Managing Director (AKRON, Ohio – August 31, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) continued its expansion into the Middle East and Africa with the formation of Babcock & Wilcox Middle East Holdings, Ltd. and the opening of a headquarters in Dubai, United Arab Emirates for this business. Concurrent with this announcement, Wassim Moussaoui has been named Managing Director, B&W Middle East Holdings.
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• Names Wassim Moussaoui Managing Director (AKRON, Ohio – August 31, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) continued its expansion into the Middle East and Africa with the formation of Babcock & Wilcox Middle East Holdings, Ltd. and the opening of a headquarters in Dubai, United Arab Emirates for this business. Concurrent with this announcement, Wassim Moussaoui has been named Managing Director, B&W Middle East Holdings.
Babcock & Wilcox Environmental to Supply Technology to Help Power Plants Meet Ash-Handling Environmental Requirements
August 27, 2020
Patented Submerged Grind Conveyor technology is an innovative solution for bottom ash removal and reduced water use (AKRON, Ohio – August 27, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will supply its innovative, patented Allen-Sherman-Hoff® Submerged Grind Conveyor technology to help a customer meet U.S. Environmental Protection Agency rules for the handling of ash from power plants.
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Babcock & Wilcox Enterprises Reports Second Quarter 2020 Results, Launches Strategic Organizational and Branding Initiative
August 12, 2020
Second Quarter 2020 Overview:
- Consolidated revenues were $135.4 million; COVID-19 negatively impacted all segments by delaying anticipated projects
- GAAP consolidated operating loss was $7.7 million; GAAP loss from continuing operations was $18.1 million, a $10.2 million improvement compared to second quarter 2019
- Consolidated adjusted EBITDA was $1.4 million
- The Babcock & Wilcox segment reported adjusted EBITDA margin of 9.1% as compared to 9.5% in second quarter 2019, while segment adjusted gross profit margin improved to 27.9% compared to 18.8% in second quarter 2019
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- Consolidated revenues were $135.4 million; COVID-19 negatively impacted all segments by delaying anticipated projects
- GAAP consolidated operating loss was $7.7 million; GAAP loss from continuing operations was $18.1 million, a $10.2 million improvement compared to second quarter 2019
- Consolidated adjusted EBITDA was $1.4 million
- The Babcock & Wilcox segment reported adjusted EBITDA margin of 9.1% as compared to 9.5% in second quarter 2019, while segment adjusted gross profit margin improved to 27.9% compared to 18.8% in second quarter 2019