AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that its subsidiary, Babcock & Wilcox Canada Corp. (B&W Canada), has been awarded a contract for more than $13 million to supply equipment and design and engineering services to help a petroleum refinery in North America comply with environmental regulations. B&W will supply 18 high-efficiency, low-NOx burners for the reduction of nitrogen oxides (NOx) emissions for three units at the plant. B&W will also de ...

AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that its subsidiary, 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. When complete, each solar installation will be capable of generating approximately 25 megawatts of clean, zero-carbon energy – enough to power around 10,000 homes ...

AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) today announced that, effective January 18, 2024, it has entered into a new three-year senior secured credit agreement with Axos Bank (“Axos”) under which Axos has provided an asset-based revolving credit facility of up to $150 million that can be used to support letters of credit, renewable energy growth initiatives and potential accretive business purposes. The new revolver provides for reduced interest ...

Sharyn Brooks - Director of Communications Aaron Spychalla - Craig-Hallum Good evening. My name is Hannah and I will be your conference operator today. At this time, I would like to welcome everyone to the Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]. Joining the call today are Kenny Young B&W Chairman and Chief Executive Officer and Lou Salamone, Chief Financial Officer ...

Optimus were finalized on of February 1, 2023 and February 28, 2023, respectively. These allocations resulted in several measurement period adjustments. Estimated future intangible asset amortization expense as of September 30, 2023 is as follows (in thousands): We accrue estimated expense included in Cost of operations on our Condensed Consolidated Statements of Operations to satisfy contractual warranty requirements when we recognize the associated revenues on the related contracts, or in the case of a lo ...

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 adjusted EBITDA and sales targets, expectations regarding future growth, expansion and profitabilit ...

I will now turn the call over to Kenny. Kenny Young Thanks, Sharyn. And thanks everyone for joining us this afternoon. Well, as mentioned in our earnings release, we exceeded our company expectations in revenues and adjusted EBITDA for the second quarter of 2023, demonstrating the continued momentum we've experienced across all business segments. Revenues across all segments posted a second consecutive quarter of double-digit revenue expansion on a yearover-year basis with renewable, environmental and therm ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File No. 001-36876 BABCOCK & WILCOX ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Delaware 47-2783641 (State or other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 1 ...

But those are â the longer lead time items in the parts services aspect are, weâve kind of baked in that time frame and our targets. But that improves, thatâs great. We havenât seen it, I would say, over the past 6 months, I guess, at this point, something like that. We havenât seen it get worse. And I think thatâs an important consideration. So, itâs almost like weâre operating kind of in a new norm and thatâs what it feels like anyway. Operator Thank you. We have no further questions. I will now hand back ...

Refer to Note 3 for the Company's disaggregation of revenue by product line. Contract Balances The following represents the components of the Company's Contracts in progress and Advance billings on contracts included in its Condensed Consolidated Balance Sheets: | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------|----------------|-------|---------|-------|----------|-----------| | (in thousands) \nContract asset ...