B&W Thermal Announces $10 Million in Service Contracts
Babcock & Wilcox (NYSE:BW) announced new service projects valued at over $10 million for its Thermal segment, adding to previous bookings exceeding $30 million. These contracts cater to utility and industrial facilities, showcasing B&W Thermal's growing service capabilities. COO Jimmy Morgan emphasized their reputation for reliable service and engineering expertise across various markets, including utilities and petrochemical facilities. B&W Thermal offers solutions to complex boiler and environmental equipment challenges through a skilled global workforce.
- New service projects valued at over $10 million enhance revenue prospects.
- Total construction services bookings exceed $30 million, indicating strong demand.
- Strong reputation in providing reliable service and engineering expertise boosts market position.
- None.
Babcock & Wilcox (B&W) (NYSE:BW) announced today that its B&W Thermal segment has booked new service projects valued at more than
“B&W Thermal’s service capabilities are a cornerstone of our growing business,” said Jimmy Morgan, B&W Chief Operating Officer. “Customers turn to B&W Thermal to ensure their energy and industrial plants continue to operate efficiently and reliably, or when they need service or upgrade work to improve performance.”
“B&W Thermal is known for providing reliable service and exceptional engineering expertise,” Morgan said. “The service agreements we’re announcing today represent a broad spectrum of the markets we serve, including utilities, natural gas, petrochemical facilities, iron and steel manufacturing and more.”
B&W Thermal responds to and solves customers' toughest boiler and environmental equipment challenges. Its highly skilled field service engineers, service specialists, and resident service engineers are strategically located in offices worldwide to provide technical assistance whenever the need arises.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
About B&W Thermal
Babcock & Wilcox Thermal designs, manufactures and erects steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil & gas, and industrial sectors. B&W has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of contracts for multiple service projects to provide services to utilities and industrial facilities. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
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