B&W News Room
Showing 1–5 of 54 Results
(Topic: '')
Some results may appear in English

Babcock & Wilcox to Install Efficiency-Improving Technology for Oil Sands Boilers

7/27/2020

(AKRON, Ohio – July 27, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) announced today that it continues to expand its role in the petrochemical industry with a contract to install new economizers for two B&W TSSGTM natural gas-fired boilers at an oil sands project in Alberta, Canada. The project, which was awarded to a subsidiary, is valued at more than $4 million.
Read More

Babcock & Wilcox Awarded $30 Million Boiler Component Contract

7/23/2020

(AKRON, Ohio – July 23, 2020) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that its subsidiary, The Babcock & Wilcox Company, has been awarded a contract for approximately $30 million to supply replacement boiler components for an energy production facility.
Read More

B&W Completes Two-Year Financing Agreement and Credit Extension

5/14/2020

- Extends current revolving credit facility and availability for letters of credit for two years - Strengthens capital structure in support of the Company’s long-term operations (AKRON, Ohio – May 14, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (“B&W”) announced today that the Company has amended its Credit Agreement, which amendment replaces and supersedes the previously disclosed agreement to refinance the Company’s senior debt by May 15, 2020, among other things. Under the terms of the amended Credit Agreement, the Company's current revolving credit facility and availability for letters of credit will be extended for two years with a maturity date of June 30, 2022.
Read More

Babcock & Wilcox to Webcast Discussion of Its First Quarter 2020 Results

5/14/2020

(AKRON, Ohio – May 14, 2020) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Friday, May 15, 2020 at 8 a.m. ET. 
Read More

Babcock & Wilcox Enterprises Announces First Quarter 2020 Results

5/14/2020

- Company generated consolidated revenues of $148.6 million in the first quarter of 2020 - GAAP consolidated operating income improved by $21.7 million over the prior-year quarter to an operating loss of $10.3 million - Consolidated adjusted EBITDA improved by $5.1 million over the prior-year quarter - Babcock & Wilcox segment adjusted EBITDA improved by 17.2% over the prior-year quarter to $10.7 million - Company successfully completed its financing process, providing a two-year credit extension and additional liquidity (AKRON, Ohio – May 14, 2020) – Babcock & Wilcox Enterprises, Inc. ("B&W Enterprises") (NYSE: BW) announced today first quarter 2020 GAAP loss from continuing operations of $33.5 million, an improvement of $16.3 million compared to a loss of $49.9 million in first quarter 2019. Adjusted EBITDA was a positive $0.7 million, an improvement of $5.1 million compared to negative adjusted EBITDA of $4.4 million in the prior year period, resulting in the Company's fourth consecutive quarter of profitability on an adjusted EBITDA basis.
Read More