Welcome to our dedicated page for Babcock & Wilcox Enterprises I news (Ticker: BW), a resource for investors and traders seeking the latest updates and insights on Babcock & Wilcox Enterprises I stock.
Babcock & Wilcox Enterprises Inc (NYSE: BW) delivers essential energy solutions through its thermal, renewable, and environmental technology segments. This news hub provides investors and industry professionals with timely updates on BW's operational milestones, strategic initiatives, and market developments.
Access authoritative reporting on earnings announcements, technology innovations, and regulatory compliance achievements. Our curated news collection covers BW's steam generation systems, renewable energy projects, and emissions control advancements – critical factors influencing the company's position in power generation markets.
Key updates include project contracts with utility providers, partnerships in sustainable energy, and operational expansions across global markets. Bookmark this page for consolidated access to BW's financial disclosures, leadership changes, and product launches that shape energy infrastructure development.
Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $15 million to design and supply two package boilers for a new desalination plant. These high-temperature, high-pressure, natural gas-fired boilers will generate steam for a municipal facility serving residents and local businesses. B&W's COO highlighted the company's advanced boiler technologies and their suitability for diverse applications. With over 5,000 installed units and 150 years of experience, B&W Thermal's products are recognized for reliability and efficiency, tailored for various operational requirements.
Babcock & Wilcox (BW) has secured two new contracts totaling $10 million as part of its growth initiatives in Asia and the Middle East. The company aims to leverage its advanced environmental technologies to enhance operational efficiency and sustainability. These projects involve the design and supply of SPIG S.p.A. cooling systems, targeting industrial applications while addressing environmental impact and operational safety. The company's addressable market in these regions is projected to reach $12 billion over the next three years.
Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $10 million with Cabot Corporation to supply environmental technologies aimed at reducing sulfur oxides emissions at its carbon black manufacturing site in Ville Platte, Louisiana. The project encompasses the design and provision of a wet flue gas desulfurization system, featuring an advanced gas distribution tray, along with advisory services for installation and commissioning. B&W Environmental's extensive expertise in emissions control technology reinforces its commitment to helping clients fulfill stringent environmental regulations.
Babcock & Wilcox (NYSE: BW) announced a new contract valued at over $8 million to design, supply, and install a SPIG air-cooled condenser for a waste-to-energy plant in the U.K. This project highlights the demand for renewable energy solutions and the increasing focus on the circular economy in the region. The SPIG cooling system is designed for enhanced efficiency and reduced emissions. B&W aims to expand its Environmental segment across Europe, leveraging tailored cooling technologies for various energy applications.
Babcock & Wilcox (NYSE: BW) has secured a contract exceeding $10 million to design and supply advanced ash-handling equipment for a U.S. power plant. This project includes eight innovative Submerged Grind Conveyors and other essential equipment, aimed at helping power plant owners comply with new EPA environmental standards. The technology offers a cost-effective solution by eliminating the need for ash ponds and enabling quicker installation while maintaining existing infrastructure. The demand for this technology is increasing as environmental regulations tighten.
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.
Babcock & Wilcox (NYSE: BW) announced a contract exceeding $20 million to install replacement boiler pressure parts at a North American power plant. The work will be conducted by its subsidiary, Babcock & Wilcox Construction Co. (BWCC), with installation starting in February 2021 and expected completion in spring 2021. This project is part of B&W Thermal's strategy to extend plant operational lifespans, tapping into rising demand for plant maintenance and upgrades amid competitors reducing their service offerings.
Babcock & Wilcox Enterprises (NYSE: BW) will present at the 8th Annual Virtual Industrials Conference from December 2-4, 2020. Management is scheduled for a fireside chat on December 3 at 3:50 p.m. Eastern time and will engage in one-on-one meetings throughout the event. This presentation will be webcast live and accessible for replay on the Company’s Investor Relations website.
Headquartered in Akron, Ohio, Babcock & Wilcox specializes in energy and environmental technologies for power and industrial markets.
Babcock & Wilcox (BW) announced a $3 million contract with a North American power plant to upgrade burners and provide other boiler equipment. This contract will enable the plant to use cleaner-burning natural gas as its primary fuel source. The order includes natural gas valve trains and other components, with material delivery expected in early 2021. B&W's COO emphasized the company's capability to support utilities in enhancing efficiency and emissions control as they transition to natural gas generation.
Babcock & Wilcox reported Q3 2020 financial results, highlighting a 34% decrease in revenues to $132.5 million, primarily due to COVID-19 impacts. GAAP net income showed significant improvement to $34.7 million, driven by a $26 million loss recovery in the Renewable segment. Adjusted EBITDA rose to $25.6 million from $10.1 million last year. The company secured $177 million in bookings, up 106% year-over-year, and maintains a robust pipeline exceeding $5 billion. B&W anticipates $70-$80 million in adjusted EBITDA for 2021 as it continues to navigate the challenges posed by the pandemic.
