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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
Babcock & Wilcox to Webcast Discussion of Its First Quarter 2019 Results
May 3, 2019
(BARBERTON, Ohio – May 3, 2019) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Friday, May 10, 2019 at 8:30 a.m. ET.
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[VIDEO] Engineering Technology for the execution of safe, cost-effective and efficient projects
April 18, 2019
April 18, 2019Chad joins us to discuss how construction technology plays a pivotal role in the Babcock & Wilcox Construction Company, LLC in this installment of B&W's Ask the Expert.Video Chapters: 0:00 - Introduction0:18 - What role does construction technology play in the execution of a construction project?2:51 - What are some benefits of having the engineering function integrated into the B&W Construction Company?4:07 - How does construction technology help us achieve our Target Zero safety vision?Transcription:Lindsey Larson: Welcome to another installment of B&W’s Ask the Expert series...
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B&W Vølund Turns Over Waste-to-Energy Boiler to Customer in Sweden
April 11, 2019
(BARBERTON, Ohio – April 11, 2019) – Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) announced today its subsidiary, Babcock & Wilcox Vølund A/S (Vølund), has successfully turned over a waste-fired boiler for a combined heat and power plant to its customer, Bodens Energi AB (BEAB), a municipally owned producer of electricity and heat in Boden, Sweden.
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Conference Call Set for April 8
April 8, 2019
B&W will host a conference call and webcast on Monday, April 8, 2019 at 5 p.m. Eastern time. B&W Chief Executive Officer Kenneth Young, B&W Chief Financial Officer Louis Salamone and B&W Chief Strategy Officer Henry Bartoli will discuss the new financing arrangements, as well as the Company’s fourth quarter 2018 results. The listen-only audio of the conference call will be broadcast live via the Internet at www.babcock.com. The dial-in number for participants in the U.S. is (833) 227-5843; the dial-in number for participants outside the U.S. is (647) 689-4070. The conference ID for all parti...
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B&W Announces New Financing Agreement; Settlements Reached on Remaining European Vølund Loss Contracts
April 5, 2019
- Company now positioned to return to profitability by unlocking the value of its core businesses
- Agreement provides a $150 million term loan and additional $15 million incremental facility
- Settlements significantly reduce and limit risks and obligations on European Vølund loss contracts
- Investor call and webcast set for April 8, 2019
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- Agreement provides a $150 million term loan and additional $15 million incremental facility
- Settlements significantly reduce and limit risks and obligations on European Vølund loss contracts
- Investor call and webcast set for April 8, 2019
Babcock & Wilcox Releases 2018 Annual Report
April 2, 2019
(BARBERTON, Ohio. – April 2, 2019) – Today, Babcock & Wilcox Enterprises, Inc. (NYSE: BW) released its annual report on Form 10-K, which is available on the investor section of the Company’s website, www.babcock.com. Also, as previously announced on March 29, 2019 on Form 8-K, the Company and its lenders entered into an agreement further amending its credit agreement and waiving certain covenants and events of default through April 5, 2019. Pending the disclosure of additional information regarding the outcome of ongoing discussions with our lenders and potential sources of additional c...
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Steven L. Osborne Named 40th Recipient of B&W’s Engineering Honors Award
March 27, 2019
(BARBERTON, Ohio – March 27, 2019) – Babcock & Wilcox (B&W) announced today that Steven L. Osborne, a B&W engineer and boiler subject matter expert in the company’s Barberton headquarters, has been named the 40th recipient of B&W’s Engineering Honors Award.
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