Babcock & Wilcox Enterprises, Inc. - BW STOCK NEWS

Babcock & Wilcox (NYSE: BW) has secured a $58 million contract to supply technology for a waste-to-energy power plant in Europe. This initiative will divert 435,000 tons of waste from landfills, reducing methane emissions while providing renewable energy for approximately 95,000 homes. The project highlights B&W Renewable's DynaGrate technology, known for its efficiency and low emissions. The company's strategy focuses on expanding renewable energy solutions as global efforts to decrease reliance on fossil fuels increase.

Babcock & Wilcox (BW) reported strong Q3 2021 results, with revenues of $160 million, a 20.7% increase year-over-year. Net income reached $13.6 million, translating to earnings per share of $0.12. New bookings totaled $194 million, with expected Q4 bookings between $250 million and $300 million. The company raised its 2022 adjusted EBITDA target to $110-$120 million, supported by an ongoing $6.5 billion project pipeline. Noteworthy acquisitions include a controlling stake in Fosler Construction and a planned purchase of VODA A/S, enhancing BW's renewable service capabilities.

Babcock & Wilcox (NYSE: BW) has secured a $5 million contract to supply a SPIG S.p.A cooling system for a petrochemical facility in the Middle East. The cooling tower aims to enhance propane dehydrogenation and polypropylene production while minimizing environmental impact through reduced water usage and liquid discharge. COO Jimmy Morgan highlighted the growing demand for environmental technologies in the region, indicating B&W's intent to expand its business within the petrochemical sector.

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) will hold a conference call on November 10, 2021, at 5 p.m. ET to discuss its third quarter 2021 results. B&W Chairman Kenneth Young and CFO Louis Salamone will present the details following the release of financial results after market close. Participants can listen via phone or through B&W’s Investor Relations site. A replay will be available for a limited time.

Babcock & Wilcox (NYSE:BW) has signed a global license agreement with the Ohio State Innovation Foundation for a chemical looping process. This technology enables the production of hydrogen, steam, or syngas from various fuels while ensuring near-zero carbon emissions. The collaboration builds on successful demonstrations at the U.S. National Carbon Capture Center. The BrightLoop process is economically favorable due to its extended particle life and lower operational costs. B&W aims to leverage this technology within its ClimateBright suite to serve diverse industries.

Babcock & Wilcox (NYSE: BW) has secured a $30 million contract to provide environmental technologies for a U.S. industrial facility. The B&W Environmental segment will design and supply a range of systems, including a spray dry absorber, electrostatic precipitators, and a waste heat boiler, aimed at controlling emissions. COO Jimmy Morgan highlighted the company's commitment to environmental sustainability and the growth potential in the industrial sector. B&W Environmental specializes in technologies for reducing harmful emissions, including particulate and acid gases.

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced on October 20, 2021 that the U.S. Securities and Exchange Commission (SEC) has completed its investigation into the company, initiated in 2017. The SEC staff confirmed that they do not intend to recommend any enforcement action against Babcock & Wilcox. CEO Kenneth M. Young expressed satisfaction in closing this chapter and emphasized the company’s cooperation with the SEC throughout the investigation. Babcock & Wilcox continues to be a leader in energy and environmental technologies.

Babcock & Wilcox (NYSE: BW) announced a partnership with Port Anthony Renewables Limited to develop a biomass-to-hydrogen clean energy project in Victoria, Australia. This project will utilize B&W's BrightLoop technology within the ClimateBright suite, aiming to facilitate the largest green hydrogen hub in southeastern Australia. BrightLoop can convert various fuels into zero-carbon hydrogen while capturing CO₂ for sequestration. The initiative aligns with the growing demand for decarbonization in the Asia-Pacific region.

Babcock & Wilcox (NYSE: BW) has secured a $7 million order for equipment and services from a utility customer in Southeast Asia. The project focuses on the design, supply, installation, and commissioning of boiler cleaning equipment as part of an upgrade. This initiative is aligned with B&W's growth strategy in the Asia-Pacific region, where the company has enhanced resources since establishing its regional headquarters last year. B&W aims to target markets including renewable energy, environmental services, and industrial sectors.