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Babcock & Wilcox Enterprises, Inc. (Symbol: BW) is a prominent player in the energy and environmental technologies sector, headquartered in Charlotte, N.C. With a robust global presence, Babcock & Wilcox (B&W) employs approximately 6,000 individuals worldwide and is dedicated to delivering cutting-edge solutions in power and industrial markets.
The company operates through three primary segments:
- B&W Renewable: This segment is committed to sustainable power and heat generation, focusing on renewable energy sources and technologies that promote environmental stewardship.
- B&W Environmental: Specializing in emissions control, this segment provides advanced solutions to minimize environmental impact, ensuring compliance with stringent regulatory standards.
- B&W Thermal: The largest revenue generator for the company, this segment deals with steam generation products and solutions for power plants, the oil and gas industry, and other industrial sectors.
Babcock & Wilcox’s customer base is extensive, encompassing industrial, electrical utility, and municipal industries. Their operations are predominantly located in the United States, Canada, Denmark, the United Kingdom, and other regions, with the U.S. contributing the majority of the company's revenue.
Recent achievements highlight the company's commitment to innovation and environmental sustainability. B&W has been actively engaged in numerous projects that enhance energy efficiency and reduce environmental footprint, underscoring its leadership in the industry.
Whether through pioneering renewable energy technologies or providing critical emissions control solutions, Babcock & Wilcox continues to set benchmarks in the energy sector, maintaining its status as a global leader in power generation and environmental solutions.
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Babcock & Wilcox (BW) has been awarded a $7 million contract to upgrade waste-fueled boilers in Southeast Asia, based on a successful FEED study. The project aims to increase steam production capacity, efficiency, and reduce emissions, showcasing BW's expertise in the renewable energy sector.
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Babcock & Wilcox Enterprises, Inc. (BW) announced year-to-date contract signings and awards of approximately $500 million, nearly doubling the amount from the previous year. The company raised its Full-Year 2024 Adjusted EBITDA target to $105-115 million, excluding certain expenses, due to increased demand in power generation, environmental technologies, and renewable energy projects.
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Babcock & Wilcox (BW) secures contracts worth $24 million to provide industrial boilers and equipment for petrochemical facilities in the Middle East and Central Asia, showcasing the company's growth and demand for its products and services in the region.
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Babcock & Wilcox (BW) secures a $246 million agreement for a coal-to-natural gas conversion project for a North American power plant, with strong financial performance expected in 2024. The project involves converting two coal-fired boilers to natural gas, showcasing B&W's expertise in fuel-switching projects and advanced technologies.
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Babcock & Wilcox Enterprises, Inc. (BW) reported an 18% increase in revenues from Continued Operations year over year, backed by double-digit growth in all business segments. The company reiterated its Full Year 2024 Adjusted EBITDA target of $100.0 million to $110.0 million. BW completed a new $150 million Senior Secured Credit Facility and received a $16.0 million grant from the Wyoming Energy Authority. The company expanded its pipeline to over $9.0 billion in global project opportunities, achieved annualized cost savings of over $19.0 million, and reported Q4 2023 Continuing Operations Financial Highlights.
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Babcock & Wilcox Enterprises, Inc. (BW) will host a conference call to discuss Q4 and full year 2023 results. The call will feature Chairman Kenneth Young and CFO Louis Salamone. The results will be released after market close on March 14, 2024.
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Babcock & Wilcox Enterprises, Inc. (BW) subsidiary, B&W Canada, secures a $13 million contract to supply equipment and services for a petroleum refinery in North America to comply with environmental regulations. The project includes high-efficiency burners and a flue gas recirculation system to reduce NOx emissions, showcasing B&W's commitment to environmental sustainability.
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Babcock & Wilcox Solar Energy, Inc. (B&W Solar) has been awarded contracts by Cypress Creek Renewables, LLC to implement three utility-scale photovoltaic solar power installations totaling 75 megawatts in western Pennsylvania. Each solar installation will be capable of generating approximately 25 megawatts of clean, zero-carbon energy, creating nearly 90 construction jobs. Site work for the first project began in November 2023, and work for the second and third projects is scheduled to begin in March 2024. All three facilities are anticipated to be operational in 2024.
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Babcock & Wilcox (BW) and Black Hills Energy have received a $16 million grant from the Wyoming Energy Authority to fund the development of a clean hydrogen generation facility with CO2 capture and sequestration at Black Hills Energy’s Neil Simpson Power Plant in Wyoming. The plant will use B&W’s BrightLoop™ technology to produce 15 tons of clean hydrogen per day, supporting Wyoming’s clean energy efforts. The project aims to combat climate change and create jobs in the energy industry.
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Babcock & Wilcox Enterprises, Inc. (BW) has entered into a new three-year senior secured credit agreement with Axos Bank, providing an asset-based revolving credit facility of up to $150 million. The refinancing is expected to save the company approximately $4 million in annual interest costs. Additionally, the company and its Senior Unsecured Notes received a reaffirmed credit rating of 'BB+' from the Egan-Jones Ratings Company.
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FAQ
What is the current stock price of Babcock & Wilcox Enterprises (BW)?
The current stock price of Babcock & Wilcox Enterprises (BW) is $1.61 as of December 20, 2024.
What is the market cap of Babcock & Wilcox Enterprises (BW)?
The market cap of Babcock & Wilcox Enterprises (BW) is approximately 151.8M.
What does Babcock & Wilcox Enterprises, Inc. specialize in?
Babcock & Wilcox specializes in energy and environmental technologies and services for power and industrial markets, including steam generation, renewable energy, and emissions control.
Where is Babcock & Wilcox headquartered?
Babcock & Wilcox is headquartered in Charlotte, North Carolina.
How many employees does Babcock & Wilcox have?
Babcock & Wilcox employs approximately 6,000 people worldwide.
What are the main business segments of Babcock & Wilcox?
The main business segments are B&W Renewable, B&W Environmental, and B&W Thermal.
Which segment generates the most revenue for Babcock & Wilcox?
The B&W Thermal segment generates the majority of the company's revenue.
Which regions contribute most to Babcock & Wilcox's revenue?
The United States contributes the vast majority of the company's revenue, with significant operations also in Canada, Denmark, and the United Kingdom.
What industries does Babcock & Wilcox serve?
Babcock & Wilcox serves industrial, electrical utility, and municipal industries.
What recent achievements has Babcock & Wilcox accomplished?
Recent achievements include innovations in energy efficiency and projects that reduce environmental footprints, highlighting their leadership in the energy sector.
What is B&W Renewable focused on?
B&W Renewable focuses on sustainable power and heat generation using renewable energy sources.
What is the primary focus of B&W Environmental?
B&W Environmental specializes in emissions control, providing solutions to minimize environmental impact and ensure regulatory compliance.
Babcock & Wilcox Enterprises, Inc.
NYSE:BW
BW Rankings
BW Stock Data
151.85M
88.85M
5.84%
73.15%
2.83%
Specialty Industrial Machinery
Heating Equipment, Except Electric & Warm Air Furnaces
United States of America
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