Babcock & Wilcox Enterprises, Inc. - BW STOCK NEWS

Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $20 million to design, supply, and install replacement thermal technologies for a North American power plant. The project includes fabricating a new primary superheater pendant and a second stage economizer, aimed at extending the plant's operational life. B&W Thermal emphasizes the importance of maintaining power plant efficiency and supports compliance with environmental regulations. This contract illustrates B&W's role in enhancing performance across the power generation sector.

Babcock & Wilcox Enterprises (NYSE: BW) will present at the Gabelli Funds 7th Annual Waste & Environmental Services Symposium on March 18, 2021, at 4:15 p.m. Eastern Time. The event will be held virtually, and B&W management will participate in one-on-one meetings throughout the conference. This symposium will highlight key industry dynamics, technologies, and fundamentals from several leading companies in the field. For additional details, inquiries, or meeting requests, contact RRiad@gabelli.com.

Babcock & Wilcox Enterprises (NYSE: BW) will participate in the 33rd Annual Roth Conference, held virtually from March 15-17, 2021. The company’s management will engage in one-on-one meetings throughout the event. Interested parties can register or request meetings via this link or by emailing oneononerequests@roth.com. The Roth Conference is an exclusive event featuring presentations from numerous companies, aiming to connect them with over 5,000 investors.

Babcock & Wilcox Enterprises (BW) reported its fourth-quarter and full-year 2020 results, highlighting a 34% decline in consolidated revenues to $566.3 million due to COVID-19 impacts. Fourth-quarter revenues were $149.9 million, down 17% year-over-year. Adjusted EBITDA for the year improved slightly to $45.1 million. The company successfully reduced secured debt by $274 million and anticipates annual cash savings of over $40 million. Future growth focuses on the Renewable and Environmental segments, targeting over $5 billion in identified opportunities over the next three years.

Babcock & Wilcox (NYSE: BW) will present at the B. Riley Securities Sustainable Energy & Technology Conference on March 10, 2021, at 2:30 p.m. Eastern Time. The event will be held virtually and includes a fireside chat and one-on-one meetings with investors. Interested parties can access the live webcast and replay here. This conference connects institutional investors with industry leaders in sustainable energy and technology, providing opportunities for direct engagement. For further inquiries or to schedule meetings, email 1on1@brileyfin.com.

Babcock & Wilcox Enterprises (NYSE:BW) will host a conference call on March 9, 2021, at 8 a.m. ET to discuss its fourth quarter and full-year 2020 results. CEO Kenneth Young and CFO Louis Salamone will lead the discussion, with a news release expected before market opening on the same day. Investors can join the call via dial-in or by accessing the webcast from B&W’s Investor Relations site. A replay will be available for a limited time afterward.

Babcock & Wilcox (NYSE: BW) reported securing new construction service projects worth approximately $13 million in North America. These projects span various industries, including pulp and paper, mining, and petroleum refining, as the market recovers post-COVID-19 delays. COO Jimmy Morgan highlighted a strengthening demand in energy and industrial construction, predicting continued growth as the economy improves. B&W Thermal operates multiple regional offices to manage these projects efficiently, positioning itself to meet the increasing market needs for construction and maintenance services.

Babcock & Wilcox Enterprises (NYSE: BW) closed an underwritten public offering on February 12, 2021, raising approximately $172.5 million from the sale of 29,487,180 shares at $5.85 each. Additionally, it issued $125 million of 8.125% senior notes due 2026, generating combined net proceeds of about $283 million. The capital will reduce secured debt and fund clean energy initiatives. The company also exchanged $35 million in loans for senior notes, lowering interest rates from 12% to 6.625%. Both offerings are rated BB+ by Egan-Jones Ratings Company.

Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $13 million for its Environmental segment. This contract involves the design, supply, and installation of a flue gas energy recovery system and advanced water treatment equipment for a waste-to-energy plant in Europe. The project aims to enhance energy recovery and reduce water consumption through the implementation of advanced technologies, including the B&W Vølund AB flue gas condenser and heat pump system. These initiatives support B&W's commitment to providing low-emissions energy solutions across Europe.