COMPANY OVERVIEW AUGUST 8, 2024 © 2024 Babcock & Wilcox Enterprises, Inc. All rights reserved. SAFE HARBOR STATEMENT B&W Enterprises cautions that this presentation contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical or current fact included in this presentation are forward-looking statements, including, without limitation, statements relating to the company's business outlook and expected financial performance, including adju ...

Babcock & Wilcow Enterprises (BW) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of $0.08. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -237.50%. A quarter ago, it was expected that this power generation equipment company would post a loss of $0.05 per share when it actually produced a loss of $0.17, delivering a surprise of -240%. Over the last four qua ...

Financial Performance - Revenues for Q2 2024 were $233,642, a decrease of 19.8% from $291,515 in Q2 2023[10] - Operating income increased to $42,199 in Q2 2024, compared to $12,401 in Q2 2023, representing a growth of 240.5%[10] - Net income for Q2 2024 was $25,364, a significant recovery from a net loss of $5,012 in Q2 2023[11] - Basic earnings per share for continuing operations were $0.24 in Q2 2024, compared to a loss of $0.04 in Q2 2023[10] - Total revenues for the six months ended June 30, 2024, decreased by $91.6 million to $441.2 million compared to $532.8 million in the same period in 2023, with significant declines in both the B&W Thermal and B&W Renewable segments[133] - Operating income for the six months ended June 30, 2024, increased by $32.8 million to $46.5 million, primarily due to the gain on the sale of Babcock & Wilcox Renewable Service A/S[133] - Income from continuing operations increased by $21.5 million to $9.4 million for the six months ended June 30, 2024, compared to a loss of $12.1 million in the same period in 2023[134] Cost Management - Total costs and expenses decreased to $191,443 in Q2 2024 from $279,114 in Q2 2023, a reduction of 31.4%[10] - A company-wide cost savings plan has been initiated with targeted annual savings of $30 million, of which $25 million has been achieved to date[29] - The company incurred restructuring expenses of $35,000 during the six months ended June 30, 2024[37] - Restructuring charges for the six months ended June 30, 2024, totaled $2,347,000, compared to $1,405,000 for the same period in 2023, indicating an increase in restructuring activities[62] Cash Flow and Liquidity - The company reported a net cash used in operating activities of $26,585 thousand for the six months ended June 30, 2024, compared to $22,251 thousand for the same period in 2023[18] - Cash provided by investing activities was $75,876 thousand for the six months ended June 30, 2024, significantly improving from a cash used of $4,164 thousand in the same period of 2023[21] - Cash and cash equivalents rose to $95,466 from $65,304, a significant increase of 46.1%[14] - The company is projecting insufficient liquidity to fund operations through one year following the date of the report, raising substantial doubt about its ability to continue as a going concern[27] Business Transactions - The company sold its B&W Renewable Service A/S business for net proceeds of $83.5 million on June 28, 2024[28] - The company received net cash proceeds of $83.5 million from the sale of Babcock & Wilcox Renewable Service A/S, recording a gain of $40.2 million[123] - The company is negotiating the sale of three additional non-strategic businesses, expected to generate significant proceeds to reduce outstanding debt[29] Assets and Liabilities - Total current assets increased to $574,562, up from $497,593, representing a 15.5% growth[14] - Total liabilities increased to $1,047,466, compared to $976,048, reflecting a 7.3% rise[14] - The accumulated deficit decreased slightly to $(1,569,889) from $(1,570,942), showing a reduction of 0.1%[16] - Total stockholders' deficit improved to $(198,344) from $(200,350), indicating a 1.0% improvement[14] Segment Performance - B&W Renewable segment revenues decreased to $60,953 thousand for the three months ended June 30, 2024, down 28.4% from $85,219 thousand in 2023[46] - B&W Environmental revenue increased by 63.5% to $58.0 million in Q2 2024 from $35.4 million in Q2 2023[138] - B&W Thermal revenue rose by 24.4% to $111.7 million in Q2 2024 compared to $89.8 million in Q2 2023[138] Debt and Financing - Borrowings on loan payable increased to $138,961 thousand for the six months ended June 30, 2024, compared to $16,165 thousand for the same period in 2023[21] - The company entered into a Credit Agreement in January 2024, providing for an up to $150.0 million asset-based revolving credit facility, including a $100.0 million letter of credit sublimit[68] - As of June 30, 2024, the company had loans payable of $137.8 million, including $125.8 million drawn on the Credit Agreement, with $46.6 million from the revolving credit portion[197] Legal and Compliance - The company is involved in litigation with claims exceeding $58.9 million related to a boiler installation and supply contract, with ongoing legal proceedings[97] - The company agreed to a Proposed Settlement Amount of $6.5 million to resolve the Glatfelter Litigation, to be paid in six monthly installments starting September 1, 2024[98] - Material weaknesses in internal control over financial reporting have not yet been remediated, with ongoing efforts to hire qualified professionals and enhance controls[201] Other Comprehensive Income - As of June 30, 2024, the company reported an accumulated other comprehensive loss of $70,088 thousand, which includes a currency translation loss of $68,968 thousand[100] - The company reported a net other comprehensive income of $(833) thousand for the six months ended June 30, 2024[102]

Exhibit 99.1 News Release Babcock & Wilcox Enterprises Reports Second Quarter 2024 Results, Earnings Growth Driven By Strong Operating Performance • Revenue of $233.6 million, Net Income of $25.4 million, and Operating Income of $42.2 million, which exceeded expectations • Adjusted EBITDA of $23.3 million, $24.6 million excluding BrightLoop and ClimateBright expenses, ahead of expectations • Reiterate Full Year 2024 Adjusted EBITDA target range of $105.0 million to $115.0 million, excluding BrightLoop and C ...

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Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Sharyn Brooks - Director of Communications Kenny Young - Chairman and CEO Lou Salamone - CFO Conference Call Participants Brent Thielman - D.A. Davidson Rob Brown - Lake Street Capital Markets Alex Rygiel - B. Riley Aaron Spychalla - Craig Hallum Operator Good evening. My name is Sierra, and I will be your conference operator today. At this time, I would like to welcome everyone to the c ...

| --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------|-------|-------------------------------------|-------|----------| | (in thousands) | | Three Months Ended March 31, \n2024 | | 2023 | | Cash flows from financing activities: | | | | | | Issuance of senior notes | | — | | 8 | | Borrowings on loan payable | | 90,352 | | — | | Repayments on loan payable | | (28,802) | | (1,658) | | Payment of holdback funds from acquisition | | (2,950) ...

Shares of Babcock & Wilcow Enterprises (BW) have been struggling lately and have lost 7.5% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bulli ...

Investors might want to bet on Babcock & Wilcow Enterprises (BW) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by ...