For a net-zero future
Babcock & Wilcox News
Leading the world in clean power production technology
B&W Appoints Three New Independent Directors - Enters Agreement with Vintage Capital Management, LLC, B&W’s Largest Shareholder
January 4, 2018
(CHARLOTTE, N.C. – January 3, 2018) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that it has appointed Brian R. Kahn, Henry E. Bartoli and Matthew E. Avril to the Company’s Board of Directors. Mr. Kahn is the founder and managing partner of Vintage Capital Management, which owns 14.9% of the Company’s common shares. Mr. Bartoli is an established executive with over 35 years of experience in the global power industry; Mr. Avril has over 35 years of financial and operational experience in private and public companies.
Read More
Koen W. Bogers Named Managing Director of B&W Vølund
December 7, 2017
(ESBJERG, DENMARK – December 7, 2017) – Babcock & Wilcox Enterprises, Inc. (B&W) announced today that Koen W. Bogers has been named Managing Director of its Denmark-based Renewable energy subsidiary, Babcock & Wilcox Vølund (B&W Vølund).
Read More
Babcock & Wilcox Announces Third Quarter 2017 Results
November 8, 2017
U.K. Renewable new-build projects continue to advance. Cost-savings actions targeting $45 million in annual savings underway. Evaluating strategic alternatives for MEGTEC and Universal.
Read More
Babcock & Wilcox to Webcast Discussion of Its Third Quarter 2017 Results
October 26, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (the “Company”) expects to webcast a discussion of its third quarter 2017 results on Wednesday, November 8, 2017 at 5:00 p.m. ET.
Read More
B&W Provides Update on U.K. Renewable Projects
September 27, 2017
(CHARLOTTE, N.C. – September 27, 2017) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) reported that it has identified a structural steel issue at a renewable energy project in the United Kingdom. Management believes that the issue is the result of an engineering error by a subcontractor, and work has been stopped at the project pending further investigation. Additionally, while the issue has not manifested itself in other projects, the company has proactively stopped work at two renewable projects in the United Kingdom that have similar engineering designs.
Read More
Babcock & Wilcox Announces Second Quarter 2017 Results
August 9, 2017
New Renewable execution model introduced in Europe; reports charge on ongoing Renewable projects Solid gross margin performance in Power Cross selling and end-market improvements drive strong Industrial bookings New financing arrangements in place; second-lien term loan and bank credit agreement amendment
Read More
B&W to Expand Industrial Segment, Makes Executive Appointment
May 23, 2017
(CHARLOTTE, N.C. – May 23, 2017) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W) today announced that effective July 1, 2017, its Industrial Steam Generation group will transition from the Power segment to the Industrial segment. In addition, effective immediately, Leslie Kass has been named Senior Vice President, Industrial, to lead the segment.
Read More
Babcock & Wilcox Announces First Quarter 2017 Results
May 9, 2017
- Power segment in line with expectations; gross margin performance remains solid- Strong Industrial bookings led by B&W SPIG's U.S. awards- Renewable segment on target- Maintaining 2017 adjusted EPS guidance
Read More
B&W SPIG Awarded Contracts Totaling $60 Million in First Quarter of 2017
April 27, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW), announced today that its subsidiary, Babcock & Wilcox SPIG, Inc. (B&W SPIG), was awarded three major contracts totaling more than $60 million in the first quarter of 2017 to design and supply dry cooling systems for U.S. customers.
Read More
Steven A. Scavuzzo Named Recipient of B&W’s Engineering Honors Award
March 27, 2017
(BARBERTON, Ohio – March 27, 2017) – Babcock & Wilcox (B&W) announced today that Steven A. Scavuzzo, a B&W engineer, technical consultant in the company’s Barberton office and Bath Township resident, has been chosen as the 38th recipient of B&W’s annual Engineering Honors Award.
Read More
Babcock & Wilcox Announces Fourth Quarter 2016 Results
February 28, 2017
- Power segment in line with expectations; improves gross profit margin
- Industrial segment achieves strong revenue growth from acquisition
- Renewable segment enhancing execution model; takes charge on ongoing projects
(CHARLOTTE, N.C. – February
28, 2017) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW)
announced today fourth quarter 2016 revenues of $380.0 million, a decrease of
$122.7 million,
or 24.4%, compared to the fourth quarter of 2015. GAAP earnings per share for
the fourth quarter of 2016 were a loss of $1.47 compared to a loss per share of
$0.10 for the fourth quarter of ...
Read More
- Industrial segment achieves strong revenue growth from acquisition
- Renewable segment enhancing execution model; takes charge on ongoing projects
(CHARLOTTE, N.C. – February
28, 2017) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW)
announced today fourth quarter 2016 revenues of $380.0 million, a decrease of
$122.7 million,
or 24.4%, compared to the fourth quarter of 2015. GAAP earnings per share for
the fourth quarter of 2016 were a loss of $1.47 compared to a loss per share of
$0.10 for the fourth quarter of ...
B&W Acquires Universal Acoustic & Emission Technologies, Inc.
January 11, 2017
Synergistic bolt-on to industrial segment Expands natural gas end-market exposure (CHARLOTTE, N.C. – January 11, 2017) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) has acquired Universal Acoustic & Emission Technologies, Inc. (UniversalAET), a Wisconsin-based provider of custom-engineered acoustic, emission and filtration solutions, effective today.
Read More