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Babcock & Wilcox to Provide Package Boilers for City of Akron
July 31, 2019
(BARBERTON, Ohio – July 31, 2019) – The Babcock & Wilcox Company (B&W), a subsidiary of Babcock & Wilcox Enterprises, Inc. (NYSE: BW), announced today it has been awarded a contract for approximately $3 million to design and supply three package boilers for Akron Energy Systems, the district energy provider for the City of Akron, Ohio.
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Babcock & Wilcox Announces Completion of Equitization Transactions and Reverse Stock Split
July 24, 2019
(BARBERTON, Ohio – July 24, 2019) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the “Company”) (NYSE: BW) announced today the completion of its previously announced equitization transactions approved by stockholders at the Company’s annual meeting, as well as the completion of the previously announced one-for-ten reverse stock split.
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B&W SPIG Recognized for Successful Cooling Tower Refurbishment in Egypt
July 18, 2019
(PARUZZARO, Italy – July 18, 2019) – SPIG, S.p.A., a subsidiary of Babcock & Wilcox Enterprises, Inc., has successfully completed a cooling tower refurbishment project for a methanol production facility in Damietta, Egypt, earning a letter of commendation from its customer, the Egyptian Methanex Methanol Company S.A.E.
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B&W Vølund Turns Over Biomass Energy Project to Customer in Wales
July 15, 2019
- Project is fifth European engineer-procure-construct (EPC) loss project company has completed and turned over to customers in recent months
- Vølund to provide operations and maintenance services under 15-year contract
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- Vølund to provide operations and maintenance services under 15-year contract
Babcock & Wilcox Announces One-for-Ten Reverse Stock Split
July 11, 2019
(BARBERTON, Ohio – July 11, 2019) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the “Company”) (NYSE: BW) announced today that its board of directors approved a one-for-ten reverse stock split of the outstanding and treasury shares of the Company’s common stock. The reverse stock split was previously approved by a majority of the Company’s stockholders at the Company’s annual meeting of stockholders held on June 14, 2019.
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B&W Awarded Patent For Innovative Coal Ash Conveyor
July 8, 2019
- B&W’s Submerged Grind Conveyor enables realization of operation efficiencies and maintenance costs improvements not available with traditional high-pressure sluice systems - Design also helps customers meet proposed Coal Combustion Residual rules and Effluent Limitations Guidelines
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B&W SPIG Successfully Completes Cooling Tower Upgrade for Belgium Petrochemical Plant
July 2, 2019
(PARUZZARO, Italy – July 2, 2019) Babcock & Wilcox subsidiary SPIG S.p.A. (SPIG) has successfully completed a cooling tower upgrade project at an Antwerp, Belgium, production facility owned by its customer, Total Olefins Antwerp NV (TOA).
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B&W Announces Sale of Loibl Material Handling Subsidiary
June 25, 2019
- Sale of non-core asset part of B&W’s strategy to strengthen focus on core businesses
- Proceeds to be used to reduce debt and provide working capital
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- Proceeds to be used to reduce debt and provide working capital
Babcock & Wilcox Announces Rights Offering For Common Stock
June 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 th...
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B&W SPIG Awarded Contract for Cooling Tower Upgrade Services for Belgium Manufacturing Plant
June 6, 2019
(PARUZZARO, Italy – June 6, 2019) – Babcock & Wilcox subsidiary SPIG S.p.A. (SPIG) has been awarded a contract to provide cooling tower upgrade services for BASF Dow HPPO Production BVBA’s propylene oxide manufacturing facility in Antwerp, Belgium.
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B&W Facility Receives ISO 9001:2015 Certification
May 14, 2019
May 14, 2019
B&W’s Lancaster, Ohio, facility recently received its ISO 9001:2015 certificate. This certificate is an internationally recognized quality management system (QMS) standard for organizations that consistently provide products and services that meet the needs of their customers and regulatory requirements.
[image src="/assets/News/Inside-Lancaster-Facility-Babcock-Wilcox.jpeg" id="728" width="600" height="338" class="center ss-htmleditorfield-file image" alt="Inside Lancaster Facility Babcock Wilcox"]
The Lancaster facility, which manufactures and services boiler cleaning technolo...
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B&W’s Lancaster, Ohio, facility recently received its ISO 9001:2015 certificate. This certificate is an internationally recognized quality management system (QMS) standard for organizations that consistently provide products and services that meet the needs of their customers and regulatory requirements.
[image src="/assets/News/Inside-Lancaster-Facility-Babcock-Wilcox.jpeg" id="728" width="600" height="338" class="center ss-htmleditorfield-file image" alt="Inside Lancaster Facility Babcock Wilcox"]
The Lancaster facility, which manufactures and services boiler cleaning technolo...
Babcock & Wilcox Enterprises Announces First Quarter 2019 Results
May 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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- 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