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Babcock & Wilcox Enterprises Announces Results for Fourth Quarter and Full Year 2020
March 9, 2021
Q4 2020 Highlights: Revenues of $149.9 million
Net income of $4.6 million
Earnings per share of $0.09
Consolidated adjusted EBITDA of $16.1 million
Bookings of $167 million Full Year 2020 Highlights: Revenues of $566.3 million Net income of $(10.3) million
Earnings per share of $(0.21)
Consolidated adjusted EBITDA of $45.1 million
Bookings of $645 million Minimum required pension funding contributions reduced by $107 million or 75% (AKRON, Ohio – March 9, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced results for the fourth quarter and full year 2020.
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Net income of $4.6 million
Earnings per share of $0.09
Consolidated adjusted EBITDA of $16.1 million
Bookings of $167 million Full Year 2020 Highlights: Revenues of $566.3 million Net income of $(10.3) million
Earnings per share of $(0.21)
Consolidated adjusted EBITDA of $45.1 million
Bookings of $645 million Minimum required pension funding contributions reduced by $107 million or 75% (AKRON, Ohio – March 9, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced results for the fourth quarter and full year 2020.
Babcock & Wilcox Enterprises to Present at B. Riley Securities Sustainable Energy & Technology Conference on March 10, 2021
March 3, 2021
AKRON, Ohio, March 3, 2021 — Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) has been invited to present at the B. Riley Securities Sustainable Energy & Technology Conference, which is being held virtually on March 9-10, 2021.
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Babcock & Wilcox Sets Fourth Quarter and Full Year 2020 Conference Call and Webcast for Tuesday, March 9, 2021 at 8 a.m. ET
March 1, 2021
(AKRON, Ohio – March 1, 2021) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) expects to host a conference call and webcast on Tuesday, March 9, 2021 at 8 a.m. ET.
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B&W Thermal Awarded $13 Million in New Contracts as North American Market Strengthens
February 23, 2021
(AKRON, Ohio – February 23, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment has booked new construction service projects in North America valued at approximately $13 million as the market strengthens and projects continue to restart following delays in 2020.
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Babcock & Wilcox Enterprises Announces Closing of $297.5 Million of Common Stock and Senior Notes Offerings
February 16, 2021
In addition, B. Riley Financial exchanged $35 million of its existing Tranche A term loan for senior notes Net proceeds to be used to substantially pay down debt and invest in clean energy growth initiatives (AKRON, Ohio – February 16, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on February 12, 2021 it closed an underwritten public offering of 29,487,180 shares of common stock, which included 3,846,154 shares issued in connection with the underwriter’s option to purchase additional shares, at a price to the public of $5.85 per share, for ...
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B&W Environmental Awarded $13 Million Contract to Supply Clean Energy and Water Treatment Technologies for Waste-to-Energy Plant in Europe
February 11, 2021
(AKRON, Ohio – February 11, 2021) – Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design, supply and install a flue gas energy recovery system and advanced water treatment equipment for a waste-to-energy plant in Europe. The contract is valued at more than $13 million.
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Babcock & Wilcox Enterprises Announces Pricing of $155 Million Offerings of Senior Notes Due 2026
February 10, 2021
Includes B. Riley Financial exchanging a portion of its existing Tranche A term loan for $35 million of senior notes
(AKRON, Ohio – February 10, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on February 10, 2021 it priced an underwritten public offering of $120 million aggregate principal amount of 8.125% senior notes due 2026. B&W has granted the underwriters a 30-day option to purchase up to an additional $5 million aggregate principal amount of senior notes in connection with the offering. The offering is expected to close on February 12, ...
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(AKRON, Ohio – February 10, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that on February 10, 2021 it priced an underwritten public offering of $120 million aggregate principal amount of 8.125% senior notes due 2026. B&W has granted the underwriters a 30-day option to purchase up to an additional $5 million aggregate principal amount of senior notes in connection with the offering. The offering is expected to close on February 12, ...
Babcock & Wilcox Enterprises Announces Pricing of Common Stock Offering
February 10, 2021
(AKRON, Ohio – February 10, 2021) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced that it priced an underwritten registered public offering of 25,641,026 shares of its common stock at a price to the public of $5.85 per share (the “Offering”), for gross proceeds of approximately $150 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company has granted the underwriter a 30-day option to purchase up to an additional 3,846,154 of its common stock sold in the proposed offering at t...
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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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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.