Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc. engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions. The B&W Environmental segment focuses on systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control. The B&W Thermal segment offers steam generation equipment, aftermarket parts, construction, maintenance, and field services for plants in the power generation, oil and gas, and industrial sectors. The company was founded by George H. Babcock, Stephen Wilcox, Jr., and Joseph P. Manton in 1856 and is headquartered in Akron, OH.

Earnings data Q1 2024

Wolverine Worldwide Inc. reports 12% revenue growth, explores Sperry alternatives

Wolverine Worldwide Inc. delivered strong Q1 performance, reaffirmed full-year guidance, and announced strategic actions for Sperry. Challenges in the DTC channel were noted, but potential upside is anticipated. Inventory progress and gross margin improvement opportunities were highlighted.

B&W Exceeds Q2 Revenue Expectations, Confident in Clean Energy Leadership

B&W's Q2 2023 performance exceeded expectations, driven by strong revenue growth and progress in hydrogen generation technology. While confident in achieving targets, the company faces challenges in balancing expenses and investing in future growth. However, it sees opportunities in new technologies and revenue growth.

BW reports 13% revenue growth in Q3, focuses on aftermarket businesses

BW's Q3 performance showed revenue growth and improved adjusted EBITDA, but challenges related to the reclassification of the solar business and uncertainties around strategic alternatives for nonstrategic assets. However, the company's strategic realignment, focus on higher-margin opportunities, and initiatives in hydrogen generation and carbon capture position BW for future growth and profitability.

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Babcock & Wilcox (BW) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Babcock & Wilcox (BW) Upgraded to Buy: Here's Why

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W Renewable Service has been awarded a contract valued at more than $7 million to upgrade a waste-to-energy power plant in Southeast Asia.

Babcock & Wilcox Awarded Contract to Upgrade Renewable Energy Boilers in Southeast Asia

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W's 2024 contract signings and awards are approximately $500 million year-to-date, nearly double the amount in the same period last year.

Babcock & Wilcox Announces Increased Full-Year Adjusted EBITDA Target of $105 Million to $115 Million, New Contracts and Awards of Approximately $500 Million Year-to-Date

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W has been awarded contracts totaling approximately $24 million for three industrial boilers and associated equipment for petrochemical facilities.

Babcock & Wilcox Receives Contracts Totaling $24 Million for Three Middle East Industrial Boilers

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W has received limited notice to proceed on coal-to-natural gas conversion project for North American power plant.

Babcock & Wilcox Signs Agreement for Power Plant Fuel-Switching Project Valued at Approximately $246 Million

Babcock & Wilcox Enterprises, Inc. (BW) Q4 2023 Earnings Call Transcript

AKRON, Ohio--(BUSINESS WIRE)---- $BW--Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced results for the fourth quarter and full year 2023.

Babcock & Wilcox Enterprises Reports Fourth Quarter and Full Year 2023 Results

AKRON, Ohio--(BUSINESS WIRE)---- $BW--Babcock & Wilcox Enterprises, Inc. expects to host a conference call and webcast on Thursday, March 14, 2024 at 5 p.m. ET.

Babcock & Wilcox Sets Fourth Quarter and Full Year 2023 Conference Call and Webcast for Thursday, March 14, 2024 at 5 p.m. ET

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W Canada has been awarded a contract for more than $13 million to supply equipment and design and engineering services for a petroleum refinery.

Babcock & Wilcox Canada Awarded $13 Million Contract to Supply Equipment and Services to Reduce Environmental Emissions from North American Petroleum Refinery

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W Solar has been awarded contracts by Cypress Creek Renewables, LLC to implement three utility-scale photovoltaic solar power installations.

Babcock & Wilcox Awarded Utility-Scale Solar EPC Contracts Totaling 75 Megawatts in Pennsylvania

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W and Black Hills Energy have received a $16 million grant to fund activities for a clean hydrogen generation facility with CO2 capture.

Babcock & Wilcox and Black Hills Energy Receive State of Wyoming Grant to Develop a Low-Carbon Hydrogen Facility Using BrightLoop™ Technology

AKRON, Ohio--(BUSINESS WIRE)---- $BW--Effective January 18, 2024, B&W has entered into a new three-year senior secured credit agreement with Axos Bank.

Babcock & Wilcox Enterprises Announces New $150 Million Senior Secured Credit Facility; Reaffirmed Credit Rating of BB+

American Axle & Manufacturing Hlds

Lazydays

AXL, BW and LAZY have been added to the Zacks Rank #5 (Strong Sell) List on December 14, 2023.

New Strong Sell Stocks for December 14th

Babcock & Wilcox has taken a heavy beating in the market over the past year. Management is taking action to reverse the situation. With management actions, a very depressed share price, and quantitative factors signaling a recovery, I'm rating BW a Buy.

Babcock & Wilcox: Why This Old-Economy 'Falling Knife' Could Finally Turn Around

Babcock & Wilcox's stock has declined significantly this year, losing three-fourths of its market value and underperforming the benchmark. The company's backlog has decreased by nearly $200 million, but there are potential opportunities in the aftermarket business and cost savings from bidding on fewer new-build projects. The company's EBITDA profile is improving, with expected healthy annual growth through FY25. Additionally, their hydrogen projects could be a long-term revenue opportunity.

Babcock & Wilcox: A Contrarian Take

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W has been invited to participate at Janney Montgomery Scott's Inaugural Clean Energy Investment Symposium at Tulane University, December 5-6, 2023.

Babcock & Wilcox Enterprises to Participate at Janney Montgomery Scott's Inaugural Clean Energy Investment Symposium December 5-6, 2023

AKRON, Ohio--(BUSINESS WIRE)---- $BW--Dr. Naomi Boness (Ph.D.) has been appointed to the Babcock & Wilcox Board of Directors, increasing the size of the Board to seven members.

Babcock & Wilcox Enterprises, Inc. Appoints Dr. Naomi Boness (Ph.D.) to Board of Directors

Babcock & Wilcox Enterprises, Inc. (BW) Q3 2023 Earnings Call Transcript

AKRON, Ohio--(BUSINESS WIRE)---- $BW--Babcock & Wilcox Enterprises, Inc. announced results for the third quarter of 2023 and information regarding its strategic business realignment.

Babcock & Wilcox Enterprises Reports Third Quarter 2023 Results and Announces Strategic Business Realignment

AKRON, Ohio--(BUSINESS WIRE)---- $BW--Babcock & Wilcox Enterprises, Inc. (NYSE:BW) expects to host a conference call and webcast on Thursday, November 9, 2023 at 5 p.m. ET.

Babcock & Wilcox Sets Third Quarter 2023 Conference Call and Webcast for Thursday, November 9, 2023 at 5 p.m. ET

AKRON, Ohio--(BUSINESS WIRE)---- $BW #energy--Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSE: BW) announced today that its Canadian subsidiary, Babcock & Wilcox Canada Corp. (“B&W Canada”), has been awarded a multi-year utility plant maintenance contract from Newfoundland and Labrador Hydro for its Holyrood Thermal Generating Station in Newfoundland, Canada, valued at nearly $11 million with customer options for additional work. The company will manage and execute maintenance services for the.

Babcock & Wilcox Canada Corp. Awarded Nearly $11 Million Power Plant Maintenance Contract

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W has been awarded contracts totaling more than $11 million to supply wet electrostatic precipitators and services for three industrial facilities.

Babcock & Wilcox Awarded Environmental Equipment Contracts for U.S. Industrial Facilities Totaling $11 Million

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W is scheduled to participate in the Lake Street Best Ideas Growth and D.A. Davidson Diversified Industrials & Services conferences in September.

Babcock & Wilcox Enterprises to Present at September Investor Conferences

AKRON, Ohio--(BUSINESS WIRE)---- $BW--B&W Environmental will supply a SPIG air-cooled condenser system, which provides significant environmental benefits by eliminating cooling water.

Babcock & Wilcox Awarded $9 Million Contract for Cooling System for U.K. Waste-to-Energy Facility

Chart Industries

The agreement is a significant step towards developing Vietnam's first net zero industrial parks and mobilizes provincial action plans to support national decarbonization goals. HOUSTON , Aug. 16, 2023 /PRNewswire/ -- At a conference on the Master Plan Announcement and Investment Promotion of Long An Province, Vietnam, Energy Capital Vietnam (ECV), SaigonTel (HOSE: SGT), Allotrope Partners LLC, Chart Industries, Inc. (NYSE: GTLS), and Babcock & Wilcox (NYSE: BW) signed a cooperation agreement to develop Vietnam's first net zero industrial parks and advance its national carbon emissions goals.

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