Babcock & Wilcox Enterprises, INC 8-K filings

Babcock & Wilcox Enterprises completes a privately negotiated exchange, issuing new 8.75% Senior Secured Second Lien Notes due 2030 in exchange for existing senior notes.

Babcock & Wilcox reported better-than-expected Q1 2025 results, driven by strong performance in Global Parts & Service and a successful bond exchange.

Babcock & Wilcox will exchange $131.8 million of existing senior notes due in 2026 for $100.8 million in new senior secured second lien notes due in 2030.

Babcock & Wilcox Enterprises' subsidiary, Babcock & Wilcox A/S, has sold a majority of its assets to Kanadevia Inova Denmark A/S for a base purchase price of $15 million plus 400,000 Danish krone.

Babcock & Wilcox Enterprises was notified by the NYSE that its common stock price fell below the minimum average closing price of $1.00, requiring the company to regain compliance within six months.

Babcock & Wilcox Enterprises announced a 15% year-over-year increase in Q4 2024 revenue from continuing operations, alongside significant growth in bookings and backlog.

Babcock & Wilcox Enterprises announces a dividend declaration of $0.4843750 per share for its 7.75% Series A Cumulative Perpetual Preferred Stock.

Babcock & Wilcox Enterprises, Inc. announces an amendment to its credit agreement and updates to its bylaws, addressing pension plan funding and corporate governance procedures.

Babcock & Wilcox Enterprises, Inc. has declared a dividend of $0.4843750 per share for its 7.75% Series A Cumulative Perpetual Preferred Stock.

Babcock & Wilcox has announced the departure of its CFO, the appointment of a new CFO and other executive roles, and an extension to a consulting agreement with a board member.

Babcock & Wilcox announced improved third-quarter 2024 results, driven by margin improvements and strategic divestitures, alongside a significant increase in bookings and backlog.

Babcock & Wilcox has finalized the sale of its SPIG S.p.A. and Babcock & Wilcox Vlund AB subsidiaries to Auctus Capital Partners AG for approximately $40 million.

Babcock & Wilcox has agreed to sell its Italian and Swedish subsidiaries for approximately $40 million in cash, aligning with its strategy to reduce debt and optimize capital structure.

Babcock & Wilcox Enterprises, Inc. has transitioned its CEO, Kenny Young, from a consulting agreement with BRPI Executive Consulting to a direct engagement through an agreement with OpenSky, LLC, effective September 20, 2024.

Babcock & Wilcox Enterprises, Inc. has declared a dividend of $0.4843750 per share for its 7.75% Series A Cumulative Perpetual Preferred Stock.

Babcock & Wilcox announced strong second quarter 2024 results, driven by operating performance and strategic shifts, with revenue of $233.6 million and net income of $25.4 million.

Babcock & Wilcox Enterprises, Inc. has entered into a registration rights agreement with B. Riley Securities, granting them demand registration rights for their common stock holdings.

Babcock & Wilcox has amended its credit agreement to allow for asset sales and prioritize debt repayment, including senior notes and pension liabilities.

Babcock & Wilcox has completed the sale of its Babcock & Wilcox Renewable Service A/S subsidiary to Hitachi Zosen Inova AG for $87 million, while reaffirming its 2024 adjusted EBITDA target.

Babcock & Wilcox Enterprises, Inc. has declared a dividend of $0.4843750 per share for its 7.75% Series A Cumulative Perpetual Preferred Stock.

Babcock & Wilcox's annual meeting saw shareholders vote on key proposals, including a failed attempt to declassify the board of directors.

Babcock & Wilcox has established a new long-term cash incentive program for executives, replacing the previous plan and focusing on adjusted EBITDA targets for 2024 and 2025.

Babcock & Wilcox (B&W) presented its strategic plan focusing on clean energy technologies, cost reductions, and growth opportunities in an investor presentation on May 9, 2024.

Babcock & Wilcox reported first quarter 2024 results that exceeded expectations, with revenue of $207.6 million and operating income of $4.3 million, leading to an increased full-year adjusted EBITDA target.

Babcock & Wilcox Enterprises has entered into an agreement to sell up to $50 million of its common stock through an at-the-market offering.

Babcock & Wilcox has increased its full-year 2024 Adjusted EBITDA target to $105-$115 million, driven by approximately $500 million in new contracts and awards year-to-date.

Babcock & Wilcox is focusing on expanding its clean energy technologies and aftermarket services while targeting $100M to $110M in adjusted EBITDA for 2024.

Babcock & Wilcox announced an 18% year-over-year revenue increase for 2023, driven by growth across all business segments, and reaffirmed its 2024 adjusted EBITDA target.

Babcock & Wilcox Enterprises, Inc. has declared a dividend of $0.4843750 per share for its 7.75% Series A Cumulative Perpetual Preferred Stock.

Babcock & Wilcox has entered into a new $150 million senior secured credit agreement with Axos Bank, replacing its previous facilities and securing a reaffirmed BB+ credit rating.