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Babcock & Wilcox Enterprises Announces Proposed Public Offering of $110 million of Senior Notes Due 2026

February 9, 2021

Announces intent of B. Riley Financial to exchange $35 million of its existing term loan for senior notes Proceeds to be used to support clean energy growth initiatives and restructure senior and term debt Revolving credit facility to be permanently reduced by 75% of the senior note value, exclusive of the value of the B. Riley Financial term loan exchange Interest on remaining Tranche A term loan to be significantly reduced (AKRON, Ohio – February 9, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced the commencement of an underwritten public offering...
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Babcock & Wilcox Enterprises Announces Proposed Public Offering of Common Stock

February 9, 2021

Proceeds to be used to support clean energy growth initiatives and retire debt B. Riley Financial to acquire 10.7 million shares from Vintage Capital Management Announces intent of B. Riley Financial to exchange $35 million of its existing term loan for newly issued senior notes (AKRON, Ohio – February 9, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced the commencement of an underwritten public offering of shares of its common stock. B&W expects to grant the underwriters a 30-day option to purchase up to an additional 15% of its common stock sold ...
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Babcock & Wilcox Enterprises Releases Preliminary Fourth Quarter and Full Year 2020 Results

February 9, 2021

Preliminary Q4 2020 Highlights: Revenues of $149.9 million Net income of $2.4 million Earnings per share of $0.04 Consolidated adjusted EBITDA of $16.1 million Bookings of $167 million Preliminary Full Year 2020 Highlights: Revenues of $566.3 million Net income of $(12.5) million Earnings per share of $(0.26) Consolidated adjusted EBITDA of $45.1 million Bookings of $645 million Minimum required pension funding contributions reduced by $107 million or 75% (AKRON, Ohio – February 9, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced certain preliminary ...
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B&W Thermal Awarded $15 Million Contract to Supply Package Boilers for Municipal Project

February 2, 2021

B&W Thermal’s Package Boilers Provide Reliable Performance Under Demanding Conditions
Boilers to be Used in Desalination Process as Part of the Production of Drinking Water (AKRON, Ohio – February 2, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will design and supply two package boilers and related equipment for a desalination plant. The contract is valued at more than $15 million.
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B&W’s Asia and Middle East Expansion Continues; Yields New Environmental Contracts Totaling $10 Million

January 26, 2021

(AKRON, Ohio – January 26, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its strategic growth and expansion initiatives in Asia and the Middle East have continued to accelerate, resulting in two new contracts totaling $10 million for its B&W Environmental business segment.
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B&W Environmental Awarded $10 Million Contract to Supply Emissions Reduction Technology to a U.S. Carbon Black Facility

January 19, 2021

(AKRON, Ohio – January 19, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design and supply environmental technologies to reduce sulfur oxides emissions for Cabot Corporation’s carbon black manufacturing facility in Ville Platte, La. The contract is valued at more than $10 million.
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B&W Environmental Awarded $8 Million Contract for High-Efficiency Air-Cooled Condenser for U.K. Waste-to-Energy Plant

January 12, 2021

(AKRON, Ohio – January 13, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design, supply and install a SPIG S.p.A. air-cooled condenser for a waste-to-energy plant in the United Kingdom. The contract is valued at more than $8 million.
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B&W Environmental Awarded $10 Million Contract to Supply Advanced Ash Handling System

January 5, 2021

(AKRON, Ohio – January 5, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design and supply advanced ash-handling equipment to a U.S. power plant customer. The contract is valued at more than $10 million.
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B&W Thermal Announces $10 Million in Service Contracts

December 17, 2020

(AKRON, Ohio – December 17, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment has booked new service projects valued at more than $10 million. These contracts, for utility and industrial facilities, are in addition to more than $30 million in construction services bookings recently announced by B&W.
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B&W Thermal Awarded $20 Million Installation Contract to Upgrade and Extend Lifespan of Power Plant

December 2, 2020

(AKRON, Ohio – December 2, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will install replacement boiler pressure parts for a power plant in North America. The contract, valued at more than $20 million, was awarded to B&W’s subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC).
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Babcock & Wilcox Enterprises to Present at 8th Annual Credit Suisse Virtual Industrials Conference on December 3

November 23, 2020

(AKRON, Ohio—November 23, 2020) — Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) has been invited to present at the 8th Annual Virtual Industrials Conference, which is taking place December 2-4, 2020.
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Babcock & Wilcox Thermal to Supply Components for Natural Gas Upgrade at Power Plant in North America

November 16, 2020

(AKRON, Ohio – November 16, 2020) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will supply equipment to upgrade burners and provide other boiler related equipment for a power plant in North America to allow it to utilize cleaner-burning natural gas as its main fuel. The contract is valued at approximately $3 million.
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