Babcock & Wilcox(US:BW)2022-03-08 18:47Company Overview and Strategy - Babcock & Wilcox (B&W) is a global provider of renewable, environmental, and thermal technologies with over 150 years of experience[4, 36] - B&W is focused on expanding its clean energy portfolio through innovation and acquisitions, including solar installation, renewable aftermarket services, and hydrogen combustion equipment[6, 38] - The company's key growth strategies involve expanding sales internationally, providing carbon reduction solutions, leveraging its installed base for aftermarket sales, and offering environmental technologies[13] Financial Performance and Targets - B&W achieved approximately $71 million in adjusted EBITDA for the 12 months ending December 31, 2021[7, 39] - The company is targeting an adjusted EBITDA of $110-$120 million for fiscal year 2022[7, 39] - Full year 2021 Revenue was $723 million[16] Market Opportunities and Pipeline - B&W has a pipeline of over $7.5 billion in identified project opportunities in high-growth markets over the next three years[5, 37, 19] - The company has secured significant awards, including five renewable new-build waste-to-energy projects since September 2021[5, 37] - B&W is positioned to capitalize on global trends driving the need for environmental and renewable solutions, including increasing regulatory restrictions on landfilling and the drive toward renewable energy sources[12] Business Segments and Revenue Breakdown - Consolidated Industrial accounts for 35% of revenue, while Power Generation accounts for 65%[16] - Aftermarket & Upgrades contribute 39% to revenue, and Parts & Services account for 45%[16] - North America accounts for 67% of revenue, Europe for 16%, and Asia & Other for 17%[16]