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16.08.25 - 03:09
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Babcock & Wilcox Announces Results of Its Cash Tender Offers For Two Series of Notes (Business Wire)
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AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced today the expiration and results of its previously announced offers to purchase for cash (the “Cash Offers”) up to a maximum $70 million aggregate amount (the “Offer Cap”) of Tender Consideration (as defined below) of the Company's 8.125% Senior Notes due 2026 (the “February 2026 Notes”) and 6.50% Senior Notes due 2026 (the “December 2026 Notes” and, together with the February 2026 Notes, the “Notes”).
The Cash Offers expired at 5:00 p.m., New York City time, on August 15, 2025 (the “Expiration Time”). As of the Expiration Time, an aggregate principal amount of:
(i) $109,021,800 of the February 2026 Notes were outstanding and an aggregate principal amount of $5,602,000 or approximately 5.14%, of the February 2026 Notes were validly tendered and not validly withdrawn; and
(ii) $103,632,975 of the December 2026 Notes were outstanding and an aggregate principal ...
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11.08.25 - 22:21
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Babcock & Wilcox Enterprises Reports Second Quarter 2025 Results (Business Wire)
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31% increase in Global Parts & Services revenues compared to the second quarter of 2024, due to increased baseload generation usage and demand from artificial intelligence and data centers
Net Loss from Continuing Operations of $6.1 million
Adjusted EBITDA including Diamond Power International of $21.6 million was 76% greater than street expectations of $12.3 million
Adjusted EBITDA from Continuing Operations without Diamond Power International was $15.1 million
Through a combination of asset sales, debt reduction and improved cash flows, the company has alleviated the previous doubt about continuing as a going concern
Continuing Operations Backlog of $418.1 million in the second quarter, a 49% increase compared to the same period of 2024
Closed the sale of Diamond Power International for $177 million in gross proceeds which is approximately 8 times Adjusted EBITDA
Q2 2025 Continuing Operations Financial Highlights
– Revenue of $144.1 million, compared to revenue of $151.4 million in the second quarter ...
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30.07.25 - 23:30
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Babcock & Wilcox Sets Second Quarter 2025 Conference Call and Webcast for Monday, August 11, 2025 at 5 p.m. ET (Business Wire)
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AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) will host a conference call and webcast on Monday, August 11, 2025 at 5 p.m. ET.
B&W Chairman and Chief Executive Officer Kenneth Young and B&W Chief Financial Officer Cameron Frymyer will discuss the Company's second quarter 2025 results. A news release detailing the results is expected to be issued after the market closes on the day of the conference call and webcast.
The listen-only audio of the conference call will be broadcast live via the Internet on B&W's Investor Relations site. The dial-in number for participants in the U.S. is (833) 470-1428; the dial-in number for participants in Canada is (833) 950-0062; the dial-in number for participants in all other locations is (929) 526-1599. The conference ID for all participants is 248545. A replay of this conference call will remain accessible in the Investor Relations section of the Company's website for a limited time.
About Babcock & Wilcox
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14.07.25 - 12:33
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Babcock & Wilcox Announces Extension of Expiration Date to Its Cash Tender Offer For Two Series of Notes (Business Wire)
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AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced today an amendment to its previously announced offers to purchase for cash (the “Cash Offers”) up to a maximum $70 million aggregate amount of Tender Consideration of the Company's 8.125% Senior Notes due 2026 (the “February 2026 Notes”) and 6.50% Senior Notes due 2026 (the “December 2026 Notes” and, together with the February 2026 Notes, the “Notes”). The Cash Offers are being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 5, 2025, as amended (the “Offer to Purchase”). The amendment provides for an extension of each of the Withdrawal Deadline and the Expiration Date of the Cash Offers to 5:00 p.m., New York City time, on August 15, 2025. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.
The following table sets forth the principal amount of Notes...
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05.06.25 - 12:51
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Babcock & Wilcox Commences Cash Tender Offer For Two Series of Notes (Business Wire)
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AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced today offers to purchase for cash (the “Cash Offers”) up to a maximum $70 million aggregate amount (the “Offer Cap”) of Tender Consideration (as defined below) of the Company's 8.125% Senior Notes due 2026 (the “February 2026 Notes”) and 6.50% Senior Notes due 2026 (the “December 2026 Notes” and, together with the February 2026 Notes, the “Notes”), on the terms and conditions set forth in the Offer to Purchase, dated June 5, 2025 (the “Offer to Purchase”), and as described in the table below. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.
Title of Series of Notes to be Purchased
CUSIP No.
Outstanding Principal Amount (in millions)
Tender Consideration
8.125% Senior Notes due 2026
05614L 308
$109.02
$20.00
6.500% Senior Notes due 2026
05614L 506
$103.63
$16.25
The Notes are listed and admit...
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12.05.25 - 22:33
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Babcock & Wilcox Enterprises Reports First Quarter 2025 Results (Business Wire)
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Announced a bond exchange of $131.8 million of bonds into $100.8 million of new five-year second lien notes
Revenue of $181.2 million and Operating Income of $5.9 million exceeded expectations
Adjusted EBITDA of $14.3 million significantly outperformed expectations
Achieved the highest Q1 bookings, revenue, gross profit and EBITDA for Global Parts & Service on record
Announced Bookings from Continuing Operations of $167.0 million, an 11% increase compared to the same period of 2024
Continuing Operations Backlog of $526.8 million in the first quarter, a 47% increase compared to the same period of 2024
Announced sale of assets of Denmark-based A/S subsidiary for $20 million in proceeds, with $5 million of the funding being directed toward Massillon BrightLoop™ project
Q1 2025 Continuing Operations Highlights and Outlook
– Revenues of $181.2 million, compared to $164.3 million in the first quarter of 2024
– Operating income of $5.9 million, compared to $5.7 million in the first quarter of 2024
– Net ...
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12.05.25 - 12:33
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Babcock & Wilcox Announces Private Bond Exchanges to Reduce Outstanding Debt, Lower Annual Interest Expense and Extend Debt Maturity to 2030 (Business Wire)
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AKRON, Ohio--(BUSINESS WIRE)--$BW--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 $1.1 million annually. The Exchanges are subject to customary closing conditions.
The offer and sale of the New Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and the New Notes may not be offered or sold in the United States absent registration or an applicable exemption from such regis...
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08.05.25 - 12:36
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Babcock & Wilcox Sets First Quarter 2025 Conference Call and Webcast for Monday, May 12, 2025 at 5 p.m. ET (Business Wire)
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AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W or the “Company”) will host a conference call and webcast on Monday, May 12, 2025 at 5 p.m. ET.
B&W Chairman and Chief Executive Officer Kenneth Young and B&W Chief Financial Officer Cameron Frymyer will discuss the Company's first quarter 2025 results. A news release detailing the results is expected to be issued after the market closes on the day of the conference call and webcast.
The listen-only audio of the conference call will be broadcast live via the Internet on B&W's Investor Relations site. The dial-in number for participants in the U.S. is (833) 470-1428; the dial-in number for participants in Canada is (833) 950-0062; the dial-in number for participants in all other locations is (929) 526-1599. The conference ID for all participants is 848055. A replay of this conference call will remain accessible in the Investor Relations section of the Company's website for a limited time.
About Babcock & Wilcox
Head...
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