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B&W Subsidiary Awarded $35 Million Contract for Boiler for Sweden Waste to Energy Plant
December 21, 2016
(CHARLOTTE, N.C. – December 21, 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 approximately $35 million to design, supply and construct a waste-to-energy boiler for a combined heat and power plant in Boden, Sweden.
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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