Babcock & Wilcox

Recent Press Releases

Press Releases

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May 12, 2025

Babcock & Wilcox Enterprises Reports First Quarter 2025 Results

"We are pleased to report a strong start to 2025, highlighted by first quarter consolidated revenue and Adjusted EBITDA that exceeded Company and consensus expectations,” commented Kenneth Young, B&W’s Chairman and Chief Executive Officer.

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May 12, 2025

Babcock & Wilcox Announces Private Bond Exchanges to Reduce Outstanding Debt, Lower Annual Interest Expense and Extend Debt Maturity to 2030

B&W announced it has entered into privately negotiated exchanges with a limited number of noteholders that will result in $131.8 million of the Company’s outstanding Senior Notes due 2026 being exchanged for $100.8 million in newly issued 8.75% Senior Secured Second Lien Notes due 2030.

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May 8, 2025

Babcock & Wilcox Sets First Quarter 2025 Conference Call and Webcast for Monday, May 12, 2025 at 5 p.m. ET

Babcock & Wilcox Enterprises, Inc. will host a conference call and webcast on Monday, May 12, 2025 at 5 p.m. ET.

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May 6, 2025

Babcock & Wilcox to Use Portion of Proceeds of Asset Sale for BrightLoop™ Technology Deployment, Including Massillon Project

Babcock & Wilcox announced that it will use a portion of the funds received from the sale of the assets of its Denmark-based Babcock & Wilcox A/S to Kanadevia Inova for the deployment of its BrightLoop™ hydrogen production facility in Massillon, Ohio.

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May 6, 2025

Babcock & Wilcox Announces Sale of Assets of its Denmark-based Babcock & Wilcox A/S Subsidiary to Kanadevia Inova

Babcock & Wilcox announced it has sold the majority of the assets of its Denmark-based Babcock & Wilcox A/S subsidiary to Kanadevia Inova Denmark A/S for $20 million.

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Apr 10, 2025

Babcock & Wilcox Enterprises Receives Continued Listing Standard Notice from NYSE

Notice Has No Immediate Impact on the Listing or Trading of Babcock & Wilcox Common Stock

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Mar 31, 2025

Babcock & Wilcox Enterprises Reports Fourth Quarter and Full Year 2024 Results

Revenue from Continuing Operations in Q4 2024 of $200.8 million increased 15% Year over Year.

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Mar 17, 2025

Babcock & Wilcox Sets Fourth Quarter 2024 Conference Call and Webcast for Monday, March 31, 2025 at 5 p.m. ET

Babcock & Wilcox will host a conference call and webcast on Monday, March 31, 2025, at 5 p.m. ET, and will discuss 4Q-2024 results.

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Feb 6, 2025

Babcock & Wilcox Construction Co., LLC Awarded $35 Million for Power Plant and Industrial Maintenance and Service Work

Babcock & Wilcox announced today that its Babcock & Wilcox Construction Co., LLC (BWCC) subsidiary was awarded $35 million in contracts for maintenance and service work at power plants and industrial facilities in North America, contributing to a backlog of more than $160 million in construction services heading into 2025.

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Jan 7, 2025

Babcock & Wilcox Awarded $13 Million Boiler Cleaning Equipment and Installation Contract for Southeast Asia Coal Power Plant

Babcock & Wilcox announced today that its B&W Thermal business segment has been awarded a contract valued at approximately $13 million to retrofit boiler cleaning equipment for a power plant in Southeast Asia.

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Dec 10, 2024

State of West Virginia Agrees to Provide $10 Million for Development of Babcock & Wilcox BrightLoop™ Hydrogen and Carbon Capture Project

B&W's subsidiary has signed an agreement for funding of up to $10 million from the West Virginia Department of Economic Development for the development of a BrightLoop™ hydrogen production and carbon capture facility in Mason County, W. Va.

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Dec 2, 2024

Babcock & Wilcox Announces Leadership Appointments

B&W announced leadership changes that will become effective January 1, 2025. Lou Salamone to retire as Chief Financial Officer; Cameron Frymyer named Chief Financial Officer; Chris Riker named Chief Operating Officer; Jimmy Morgan named Chief Commercial Officer and Gillianne Hetrick named Senior Vice President, Corporate Operations.

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Nov 14, 2024

Babcock & Wilcox Receives Full Notice to Proceed on $246 Million Contract for Indiana Power Plant Coal-to-Gas Fuel-Switching Project

Babcock & Wilcox announced today that its B&W Thermal business segment has received full notice to proceed under an agreement for a coal-to-natural gas conversion project at AES Indiana’s Petersburg Generating Station valued at approximately $246 million.

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Nov 12, 2024

Babcock & Wilcox Enterprises Reports Third Quarter 2024 Results

Babcock & Wilcox Enterprises, Inc. announced results for the third quarter of 2024. "We believe that we are in a unique position to leverage the significant increase in base-load generation demand in North America and around the world," said Kenneth Young, B&W Chairman and Chief Executive Officer.

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Nov 11, 2024

Babcock & Wilcox Awarded Contract to Evaluate Carbon Capture System for Sweden Waste-to-Energy Plant

B&W announced today that it has been awarded a contract to conduct a full-scale feasibility study of its SolveBright™ carbon dioxide (CO2) capture technology to be integrated into Mälarenergi AB’s waste-to-energy plant in Västerås, Sweden.

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Oct 31, 2024

Babcock & Wilcox Announces Closing of Previously Announced Sale of its Italian and Swedish Businesses

Babcock & Wilcox Enterprises, Inc. announced the closing of the previously announced sale of the Italy-based SPIG S.p.A. group of companies and Sweden-based Babcock & Wilcox Vølund AB — formerly known as Götaverken Miljö AB (GMAB).