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B&W Provides Update on Refinancing
May 12, 2020
- Company expects to make a definitive announcement regarding a longer-term financing package by May 15, 2020
(AKRON, Ohio – May 12, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (“B&W” and the “Company”) announced today that the Company is nearing the completion of its financing process and expects to make an announcement regarding its debt refinancing on or before the May 15, 2020 deadline under its current amended Credit Agreement. The Company and its lenders are in the process of finalizing a definitive agreement for a longer-term credit extension.
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(AKRON, Ohio – May 12, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (“B&W” and the “Company”) announced today that the Company is nearing the completion of its financing process and expects to make an announcement regarding its debt refinancing on or before the May 15, 2020 deadline under its current amended Credit Agreement. The Company and its lenders are in the process of finalizing a definitive agreement for a longer-term credit extension.
B&W Vølund Awarded Plant Service Contracts for Waste-to-Energy Customers in U.K., Denmark
April 30, 2020
(AKRON, Ohio – April 30, 2020) – Babcock & Wilcox Vølund A/S (Vølund), a subsidiary of Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW), has been awarded a multi-year service contract for two U.K. waste-to-energy plants owned by Viridor, and a plant upgrade service contract for Frederikshavn Forsyning A/S’s combined heat and power waste-to-energy plant in Frederikshavn, Denmark. The combined value of the contracts is more than $4 million.
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B&W SPIG to Supply Cooling Towers for Petrochemical Plant in Belgium
April 1, 2020
(PARUZZARO, Italy – April 1, 2020) –SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc., has been awarded a contract by BASF Antwerp NV for more than $3 million to design and supply two cooling towers for the company’s plant in Antwerp, Belgium. BASF Antwerp NV is one of the largest European producers and exporter of chemicals, plastics and performance products.
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Babcock & Wilcox Enterprises Announces Results for Fourth Quarter and Full Year 2019
March 30, 2020
Q4 2019 Highlights:
- GAAP consolidated operating income improved by $147.7 million quarter-over-quarter to positive income of $10.0 million
- Company generated earnings per share of $0.26 and consolidated adjusted EBITDA of $19.3 million
- Vølund segment returned to profitability on an adjusted EBITDA basis
Full Year 2019 Highlights:
- GAAP consolidated operating income improved by $397.2 million year-over-year to a loss of $29.4 million
- Company generated consolidated adjusted EBITDA of $33.3 million, returning to full-year profitability on an adjusted EBITDA basis
- All segments generat...
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- GAAP consolidated operating income improved by $147.7 million quarter-over-quarter to positive income of $10.0 million
- Company generated earnings per share of $0.26 and consolidated adjusted EBITDA of $19.3 million
- Vølund segment returned to profitability on an adjusted EBITDA basis
Full Year 2019 Highlights:
- GAAP consolidated operating income improved by $397.2 million year-over-year to a loss of $29.4 million
- Company generated consolidated adjusted EBITDA of $33.3 million, returning to full-year profitability on an adjusted EBITDA basis
- All segments generat...
Babcock & Wilcox to Webcast Discussion of Its Fourth Quarter and Full Year 2019 Results
March 27, 2020
(AKRON, Ohio – March 27, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Tuesday, March 31, 2020 at 5 p.m. ET.
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Babcock & Wilcox Announces Preliminary Unaudited Q4 and Full Year 2019 Results
March 12, 2020
- Company expects to report a return to profitability on a GAAP consolidated operating income basis for fourth quarter 2019
(AKRON, Ohio - March 12, 2020) - Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) today announced preliminary, unaudited fourth quarter 2019 and full-year 2019 financial results. The Company is providing these preliminary results in light of current market volatility and coronavirus concerns.
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(AKRON, Ohio - March 12, 2020) - Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) today announced preliminary, unaudited fourth quarter 2019 and full-year 2019 financial results. The Company is providing these preliminary results in light of current market volatility and coronavirus concerns.
Babcock & Wilcox Issues Clarification to Prior Release
March 12, 2020
(AKRON, Ohio - March 12, 2020) - Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) today announced a clarification to its press release issued at 6:45 a.m. EDT on March 12, 2020 regarding its preliminary, unaudited fourth quarter 2019 and full-year 2019 financial results.
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B&W Subsidiary Wins Power Plant Installation Project
March 11, 2020
• Activities are second phase of a multi-year plant maintenance project. • B&W previously contracted to supply boiler equipment and other plant components. (AKRON, Ohio – March 11, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that its subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC), has been awarded a project valued at more than $65 million to install B&W-designed and engineered components for a power plant in North America.
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B&W shores up new projects in Bangladesh
February 25, 2020
February 25, 2020
There’s no mountain high enough, no valley low enough, and no river wide enough to keep us from trying to find a steam generation system’s ‘fountain of youth’ and restore units to peak performance.
[image src="/assets/News/BW-in-Bangladesh-Babcock-Wilcox.jpeg" id="724" width="544" height="367" class="center ss-htmleditorfield-file image" alt="BW in Bangladesh Babcock Wilcox"]
In the fall of 2016, B&W was contacted to help a fertilizer plant in southeast Asia improve the performance of three industrial package boilers. State government-owned Chittagong Urea Fertilizer ...
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There’s no mountain high enough, no valley low enough, and no river wide enough to keep us from trying to find a steam generation system’s ‘fountain of youth’ and restore units to peak performance.
[image src="/assets/News/BW-in-Bangladesh-Babcock-Wilcox.jpeg" id="724" width="544" height="367" class="center ss-htmleditorfield-file image" alt="BW in Bangladesh Babcock Wilcox"]
In the fall of 2016, B&W was contacted to help a fertilizer plant in southeast Asia improve the performance of three industrial package boilers. State government-owned Chittagong Urea Fertilizer ...
B&W SPIG Awarded $18 Million Cooling Technologies Upgrade Contract
February 24, 2020
(AKRON, Ohio – February 24, 2020) – SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW), has been awarded a contract to provide cooling technologies and associated services for an industrial facility. The total contract value is more than $18 million over approximately 10 years.
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B&W Announces Comprehensive Debt Refinancing Agreement as Financial Performance Improves
February 3, 2020
- Provides $200 million commitment to fully refinance existing revolving credit facility
- Provides an initial $30 million of working capital
- Provides new $30 million revolving credit facility in May 2020
- New maturity date is January 2022
- Company expects fourth quarter 2019 results to significantly outperform the third quarter,with a return to positive GAAP consolidated operating income for the first time in 3 years
(AKRON, Ohio – February 3, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company has amended its Credit Agreement to comprehensivel...
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- Provides an initial $30 million of working capital
- Provides new $30 million revolving credit facility in May 2020
- New maturity date is January 2022
- Company expects fourth quarter 2019 results to significantly outperform the third quarter,with a return to positive GAAP consolidated operating income for the first time in 3 years
(AKRON, Ohio – February 3, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company has amended its Credit Agreement to comprehensivel...
B&W Continues To Work Toward Debt Refinancing
January 24, 2020
(AKRON, Ohio – January 24, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (B&W) announced today that the Company continues to work toward refinancing its current senior debt and extending its maturity and, as a result, has entered into an Amendment to further extend the deadline for completing certain required corporate actions in connection with the refinancing of its existing Credit Agreement. The deadline to complete these actions has been extended from January 20, 2020 to January 31, 2020. As previously disclosed, the Company is required to refinance by March 15, 2020.
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