Latest news with #BabcockWilcox
Yahoo
3 days ago
- Business
- Yahoo
Babcock & Wilcox Enterprises, Inc. (BW) Finalizes Deal to Sell Diamond Power Division
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has reached an agreement to divest its Diamond Power International business to the Austrian firm ANDRITZ for a total consideration of $177 million, pending customary adjustments. The deal is expected to close within 30 days and includes the transfer of around 400 employees. An industrial engineer standing in front of a factory installation of solar energy panels. The sale substantiates Babcock & Wilcox Enterprises, Inc. (NYSE:BW)'s renewed focus on its core thermal and environmental segments. The company is streamlining its operations to capitalize on the energy demand emerging from data centers and utility infrastructure. Earlier, it disclosed the strongest backlog in decades for its services, upgrades, and construction projects across North America. Kenneth Young, Chairman and Chief Executive Officer, made the following statement: 'The sale of Diamond Power, which achieves annual revenues in the range of $110 million, will be transformational and will reinforce the value of our underlying assets as we re-capitalize our businesses going forward.' The proceeds from the divestiture are reserved to support Babcock & Wilcox Enterprises, Inc. (NYSE:BW)'s tender offers of up to $70 million for its 8.125% and 6.50% Senior Notes due 2026. The tender is set to expire on July 11 and reflects the company's intention to reduce debt obligations in addition to enhancing the balance sheet ahead of a forecasted growth phase. Investor sentiment appears cautiously optimistic, with an 82.10% uptick in stock performance over the past month, despite a prevailing Hold rating from analysts. Babcock & Wilcox Enterprises, Inc. (NYSE:BW) is an Ohio-based company incorporated in the energy technology and service sector. Best known for steam boilers, the company remains active in the global market and offers both conventional and renewable energy solutions. While we acknowledge the potential of BW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds Disclosure: None.
Washington Post
12-05-2025
- Business
- Washington Post
Babcock & Wilcox: Q1 Earnings Snapshot
AKRON, Ohio — AKRON, Ohio — Babcock & Wilcox Enterprises Inc. (BW) on Monday reported a loss of $22 million in its first quarter. On a per-share basis, the Akron, Ohio-based company said it had a loss of 26 cents. Losses, adjusted to account for discontinued operations and asset impairment costs, came to 10 cents per share.
Associated Press
12-05-2025
- Business
- Associated Press
Babcock & Wilcox Announces Private Bond Exchanges to Reduce Outstanding Debt, Lower Annual Interest Expense and Extend Debt Maturity to 2030
AKRON, Ohio--(BUSINESS WIRE)--May 12, 2025-- Babcock & Wilcox Enterprises, Inc. ('B&W' or the 'Company') (NYSE: BW) announced it has entered into privately negotiated exchanges with a limited number of noteholders (the 'Exchanges') that will result in $131.8 million of the Company's outstanding Senior Notes due 2026 being exchanged for $100.8 million in newly issued 8.75% Senior Secured Second Lien Notes due 2030 (the 'New Notes'). The Exchanges will include approximately $84 million in 8.125% Senior Notes due February 28, 2026 and approximately $48 million in 6.50% Senior Notes due December 31, 2026. Total interest expense will be reduced by $1.1 million annually. The Exchanges are subject to customary closing conditions. The offer and sale of the New Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and the New Notes may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release does not and shall not constitute an offer to sell nor the solicitation of an offer to buy any securities of the Company, nor shall there be any sale of any such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us onLinkedInand learn more Forward-Looking StatementsView source version on CONTACT: Investor Contact: Investor Relations Babcock & Wilcox 704.625.4944 [email protected] Contact: Ryan Cornell Public Relations Babcock & Wilcox 330.860.1345 [email protected] KEYWORD: UNITED STATES NORTH AMERICA OHIO INDUSTRY KEYWORD: OTHER ENERGY UTILITIES ENVIRONMENT COAL ALTERNATIVE ENERGY ENERGY ENVIRONMENTAL HEALTH NUCLEAR SOURCE: Babcock & Wilcox Enterprises, Inc. Copyright Business Wire 2025. PUB: 05/12/2025 06:30 AM/DISC: 05/12/2025 06:29 AM
