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Babcock & Wilcox News
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Babcock & Wilcox Enterprises Announces Agreement to Exchange $73 Million of Secured Term Debt for Preferred Stock
June 3, 2021
Exchange to significantly further reduce the Company’s secured debt and net leverage Company has reduced total secured debt by over $347 million in 2021 Strongly positions Company to grow in all segments, including recently launched ClimateBright™ technologies (AKRON, Ohio – June 3, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on June 1, 2021 it entered into an agreement (the “Exchange Agreement”) with B. Riley Financial, Inc. (together with its affiliates, “B. Riley”) pursuant to which the Company (i) issued B. Riley 2,916,880 s...
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Babcock & Wilcox Announces ClimateBright™ Decarbonization Technologies Platform to Reduce Global Greenhouse Gas Emissions
May 25, 2021
Proven Technology Captures CO2 While Producing Hydrogen
Application for Wide Range of Industries (AKRON, Ohio – May 25, 2021) – Babcock & Wilcox ("B&W") (NYSE: BW), a leading innovator in clean energy technologies, announces its ClimateBright™ suite of revolutionary decarbonization technologies designed to help utilities and industry aggressively combat greenhouse gas emissions and climate change. ClimateBright™ technologies further strengthen B&W’s commitment to clean energy progress and to helping customers worldwide address the most significant environmental challenge in industria...
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Application for Wide Range of Industries (AKRON, Ohio – May 25, 2021) – Babcock & Wilcox ("B&W") (NYSE: BW), a leading innovator in clean energy technologies, announces its ClimateBright™ suite of revolutionary decarbonization technologies designed to help utilities and industry aggressively combat greenhouse gas emissions and climate change. ClimateBright™ technologies further strengthen B&W’s commitment to clean energy progress and to helping customers worldwide address the most significant environmental challenge in industria...
Babcock & Wilcox Enterprises to Present at Jefferies Renewable Energy Conference on May 25, 2021
May 19, 2021
(AKRON, Ohio, May 19, 2021) — Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) has been invited to present at Jefferies Renewable Energy Conference, which is being held virtually on May 25-27, 2021.
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Babcock & Wilcox Enterprises Reports First Quarter 2021 Results
May 13, 2021
Q1 2021 Highlights: Revenues of $168.2 million, a 13.3% improvement compared to first quarter 2020 Net loss of $15.5 million, compared to net loss of $31.5 million in first quarter 2020 Loss per share of $0.22, compared to loss per share of $0.68 in first quarter 2020 Consolidated adjusted EBITDA of $8.5 million, compared to $1.0 million in first quarter 2020 Positive adjusted EBITDA reported by all segments Strong bookings of $169 million Reduced minimum required pension funding contributions by $26 million, in addition to the $107 million reduction previously disclosed (AKRON, Ohio – May ...
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Babcock & Wilcox Enterprises Announces Closing of $100 Million Offering of Series A Cumulative Perpetual Preferred Stock
May 10, 2021
AKRON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on May 7, 2021 it closed an underwritten registered public offering of 4,000,000 shares of its 7.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share with a liquidation preference of $25.00 per share (the “Preferred Stock”), at an offering price of $25.00, for gross proceeds of approximately $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.
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Babcock & Wilcox Enterprises Prices $100 Million Offering of Series A Cumulative Perpetual Preferred Stock
May 5, 2021
(AKRON, Ohio – May 5, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced the pricing of its underwritten registered public offering of 4,000,000 shares of its 7.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share with a liquidation preference of $25.00 per share (the “Preferred Stock”), at an offering price of $25.00, for gross proceeds of approximately $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. B&W has granted the underwriters a 30-day option...
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Babcock & Wilcox Enterprises Announces Proposed Offering of $50 million of Series A Cumulative Perpetual Preferred Stock
May 3, 2021
(AKRON, Ohio – May 3, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced the commencement of an underwritten registered public offering of shares of $50 million aggregate amount of its Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share with a liquidation preference of $25.00 per share (the “Preferred Stock”). B&W expects to grant the underwriters a 30-day option to purchase additional shares of the Preferred Stock in connection with the offering. The dividend rate and certain other terms of the Preferred Stock will be determin...
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Babcock & Wilcox Sets First Quarter 2021 Conference Call and Webcast for Thursday, May 13, 2021 at 8 a.m. ET
April 29, 2021
(AKRON, Ohio – April 29, 2021) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Thursday, May 13, 2021 at 8 a.m. ET.
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Babcock & Wilcox Enterprises Releases Preliminary First Quarter 2021 Results
April 22, 2021
Preliminary First Quarter 2021 Highlights: Revenues of $168.2 million, a 13.3% improvement compared to first quarter 2020 Net loss of $(15.5) million, compared to $(31.5) million in first quarter 2020 Earnings per share of $(0.22), compared to $(0.68) in first quarter 2020 Consolidated adjusted EBITDA of $8.5 million, compared to $1.0 million in first quarter 2020 Strong bookings of $171 million Minimum required pension funding contributions reduced by $26 million, in addition to the $107 million reduction previously disclosed (AKRON, Ohio – April 22, 2021) – Babcock & Wilcox Enterprises, ...
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Babcock & Wilcox Continues Growth in Asia and Europe With More Than $24 Million in Global Parts and Service Orders
March 31, 2021
(AKRON, Ohio – March 31, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable, Environmental and Thermal segments are continuing their strategic growth into key regions and have been awarded parts and service contracts totaling more than $24 million from customers in Asia, the Middle East, Europe and other key international markets outside of the United States.
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B&W Thermal Awarded $20 Million Technology Replacement Contract for North America Power Plant
March 16, 2021
(AKRON, Ohio – March 16, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will design, supply and install replacement thermal technologies for a power plant in North America. The contract value is more than $20 million.
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Babcock & Wilcox Enterprises to Present at Gabelli Funds 7th Annual Waste & Environmental Services Symposium on March 18, 2021
March 15, 2021
(AKRON, Ohio, March 15, 2021) — Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) has been invited to present at Gabelli Funds 7th Annual Waste & Environmental Services Symposium, which is being held virtually on March 18, 2021.
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