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B&W Announces Executive Appointments
December 6, 2016
(CHARLOTTE, N.C. – December 6, 2016) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) is announcing a number of rotational changes involving key members of the company’s leadership team.
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B&W Subsidiary Awarded $40 Million Contract to Design Boiler for World’s Largest Waste Power Plant in China
November 29, 2016
(CHARLOTTE, N.C. – November 29, 2016) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), has been awarded a contract for nearly $40 million to design a waste-to-energy boiler for Shenzhen Energy Environmental Engineering Co. Ltd. in Shenzhen, Guangdong Province, China.
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Babcock & Wilcox Announces Third Quarter 2016 Results
November 2, 2016
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today third quarter 2016 revenues of $411.0 million, a decrease of $9.0 million, or 2.1%, compared to the third quarter of 2015. The GAAP earnings per share for the third quarter of 2016 was $0.18 compared to earnings per share of $0.11 for the third quarter of 2015. Our adjusted earnings per share, which excludes restructuring activities, acquisition and integration costs, non-cash mark-to-market adjustments for pension and other post-retirement benefits, and spin-off transaction costs, was $0.24 f...
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B&W Consortium Awarded Industrial Environmental Equipment Contract For Carbon Black Facilities
October 20, 2016
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today that its subsidiary, The Babcock & Wilcox Company (B&W) and its consortium partner, Saulsbury Industries, Inc., have been awarded a contract for more than $90 million to engineer, procure and construct emissions control systems for two carbon black producing facilities owned by Continental Carbon Company.
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Babcock & Wilcox to Webcast Discussion of Its Third Quarter 2016 Results
October 17, 2016
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (the “Company”) expects to webcast a discussion of its third quarter 2016 results on Thursday, November 3, 2016 at 8:30 a.m. ET.
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Babcock & Wilcox Announces Second Quarter 2016 Results
August 9, 2016
Closed acquisition of SPIG S.p.A. on July 1, 2016
Announces Additional $100 Million Share Repurchase Authorization
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Announces Additional $100 Million Share Repurchase Authorization
B&W Completes Acquisition of Cooling Systems and Services-Firm-SPIG
July 5, 2016
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) today announced it has completed its acquisition of SPIG S.p.A., a global provider of custom-engineered cooling systems and services. The acquisition is based on an enterprise value of €155 million, subject to certain adjustments.
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B&W Announces Restructuring of Traditional Power Business and Updates Guidance for 2016
June 28, 2016
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) today announced actions to proactively restructure its traditional power business in advance of a lower projection for U.S. coal generation and has updated guidance for 2016 to reflect: The net impact of the restructuring and decreased coal-related revenue in the second half of 2016. A charge to correct an engineering design error on a new build renewable energy plant in Europe. The resulting re-engineering, on-site rework and delivery delay will result in a $32 million pretax charge in the quarter and a full-year ($0.51) EPS impact. The shift...
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Project Joint Venture of B&W Subsidiary Awarded $110 Million Contract to Replace Equipment at Iowa Power Plant
June 7, 2016
CHARLOTTE, N.C. The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that a joint venture between a unit of its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) and architectural, engineering and construction firm Burns & McDonnell Engineering Company, Inc. has been awarded a $110 million contract to replace auxiliary equipment at Interstate Power and Light Company's (IPL) Ottumwa Generating Station power plant in Ottumwa, Iowa.
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B&W to Acquire Cooling Systems and Services Firm SPIG
May 23, 2016
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) has signed a definitive agreement to acquire SPIG S.p.A. (“SPIG”), an Arona, Italy-based global provider of custom-engineered cooling systems and services, based on an enterprise value of €155 million, subject to certain adjustments. B&W will webcast a discussion of the transaction on Monday, May 23, 2016 at 8:30 a.m. ET.
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Babcock & Wilcox Announces Solid First Quarter 2016 Results
May 10, 2016
- First Quarter GAAP EPS of $0.20, Adjusted EPS of $0.27
- Global Power Gross Profit Increased 19.3%
- Reaffirm Guidance Range of $1.25 - $1.45 Adjusted EPS for 2016
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- Global Power Gross Profit Increased 19.3%
- Reaffirm Guidance Range of $1.25 - $1.45 Adjusted EPS for 2016
Babcock Wilcox to Webcast Discussion of Its First Quarter 2016 Results
April 13, 2016
Chairman and Chief Executive Officer E. James (Jim) Ferland and Senior Vice President & Chief Financial Officer Jenny L. Apker will discuss the Company’s first quarter results. A news release detailing the results is expected to be issued after the market closes on Tuesday, May 10, 2016.
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