Earnings summaries and quarterly performance for Babcock & Wilcox Enterprises.
Executive leadership at Babcock & Wilcox Enterprises.
Kenneth Young
Detailed
Chief Executive Officer
CEO
CF
Cameron Frymyer
Detailed
Executive Vice President and Chief Financial Officer
CR
Christopher Riker
Detailed
Executive Vice President and Chief Operating Officer
JM
Jimmy Morgan
Detailed
Executive Vice President and Chief Commercial Officer
JD
John Dziewisz
Detailed
Executive Vice President, General Counsel & Corporate Secretary
Board of directors at Babcock & Wilcox Enterprises.
Research analysts who have asked questions during Babcock & Wilcox Enterprises earnings calls.
Recent press releases and 8-K filings for BW.
Babcock & Wilcox Awarded $40 Million Canadian Refinery Contract
BW
New Projects/Investments
- Babcock & Wilcox (B&W) has been awarded a $40 million contract to supply advanced low-pressure Wet Gas Scrubbing (WGS) technology for installation at a major petroleum refinery in Canada.
- This award includes an additional $30 million commitment from the customer, following an initial $10 million order announced in September.
- The WGS technology, for which B&W is a licensee of ExxonMobil, controls sulfur dioxide (SO2) emissions and can be enhanced to address nitrogen oxides (NOx) and particulate emissions.
Dec 19, 2025, 11:30 AM
Babcock & Wilcox Enterprises, Inc. Reports Q3 2025 Financials and Highlights Significant Project Pipeline
BW
Earnings
New Projects/Investments
- Babcock & Wilcox Enterprises, Inc. reported revenue of $149.0 million and operating income of $6.5 million for the three months ended September 30, 2025.
- The company has a solid global pipeline of $10 to $12 billion, which includes $3 to $5 billion in AI data center opportunities and $2.6 billion in BrightLoop and ClimateBright opportunities.
- BW received a limited notice to proceed on a $1.5 billion project to deliver one gigawatt of power for the Applied Digital AI Factory, with full notice to proceed expected in January 2026 and plant operation anticipated in 2028.
- As of September 30, 2025, the company's capital structure included $309.3 million in total debt and $196.1 million in cash, cash equivalents, and restricted cash, resulting in $113.2 million in net debt.
Nov 10, 2025, 10:03 PM
BW Reports Strong Q3 2025 Results and Announces Major AI Data Center Project
BW
Earnings
New Projects/Investments
Guidance Update
- Babcock & Wilcox Enterprises reported Q3 2025 adjusted EBITDA of $12.6 million, a 58% increase compared to Q3 2024, with operating income up 315% and consolidated revenues of $149 million.
- The company significantly strengthened its balance sheet, reducing total debt to $379.3 million as of September 30, 2025, and plans to pay down the remaining February 2026 bonds by year-end, resulting in a pro forma net debt of $113.2 million after a recent $65 million equity raise.
- BW signed a limited notice to proceed with Applied Digital for a natural gas technology project valued at over $1.5 billion to provide one gigawatt of energy for an AI factory, with the plant targeted to begin operation in 2028.
- The global pipeline has expanded to $10 billion to $12 billion, including $3 billion to $5 billion in AI data center opportunities, and the company projects $70 million to $85 million in EBITDA from its core business in 2026, representing 80% growth year over year.
Nov 10, 2025, 10:00 PM
Babcock & Wilcox Raises $67.5 Million Through At-the-Market Equity Offering
BW
New Projects/Investments
- Babcock & Wilcox Enterprises, Inc. (B&W) announced it successfully raised $67.5 million through an at-the-market (ATM) equity offering that opened on November 5, 2025.
- Approximately $50 million of the total was contributed by a single fundamental global institutional investor.
- The company paused further sales under the ATM, having achieved its immediate capital objectives in just two days.
- The capital raised will support B&W's growth into AI Factory and Data Center opportunities, building on a recently announced Limited Notice to Proceed for a project valued at over $1.5 billion in this sector.
Nov 7, 2025, 11:30 AM
Babcock & Wilcox Announces Successful At-the-Market Equity Offering
BW
New Projects/Investments
- Babcock & Wilcox (B&W) successfully raised $67.5 million through an at-the-market (ATM) equity offering that opened on November 5, 2025.
- Approximately $50 million of the total was contributed by a single fundamental global institutional investor.
- The capital raise is intended to enhance the company's balance sheet and support its growth into AI Factory and Data Center opportunities.
- Following the successful completion, B&W has paused further sales under the ATM, having achieved its immediate capital objectives.
- This offering closely follows a recently announced Limited Notice to Proceed (LNTP) for a project valued at over $1.5 billion to design and install one gigawatt of electric power for an AI Factory and Data Center.
Nov 7, 2025, 11:30 AM
Babcock & Wilcox Enterprises Enters At-The-Market Sales Agreement
BW
- Babcock & Wilcox Enterprises, Inc. (BW) entered into an At The Market Issuance Sales Agreement on November 4, 2025, with B. Riley Securities, Inc. and Lake Street Capital Markets, LLC.
- This agreement allows the company to offer and sell shares of its common stock with an aggregate offering price of up to $200,000,000.
- The shares will be sold through an "at the market offering" using a previously filed and effective registration statement on Form S-3.
- The Agents will receive 3.0% of the gross proceeds from each sale of shares.
Nov 5, 2025, 1:13 PM
Babcock & Wilcox Announces AI Data Center Project and Reports Q3 2025 Results
BW
New Projects/Investments
Earnings
M&A
- Babcock & Wilcox (B&W) announced a limited notice to proceed for a more than $1.5 billion contract with Applied Digital for an AI Data Center project, expanding its AI Data Center pipeline to over $3.0 billion and total global pipeline to over $10.0 billion.
- For the third quarter of 2025, B&W reported operating income of $6.5 million, a 315% increase year-over-year, and Adjusted EBITDA from continuing operations of $12.6 million, up 59% from Q3 2024.
- The company completed the sale of its Allen-Sherman-Hoff (A-S-H) business for $29 million on October 31, 2025, following the earlier sale of Diamond Power International for $177 million, with proceeds used for debt reduction. B&W paid down $70.0 million of bonds due February 2026 and plans to redeem approximately $26 million of its 8.125% Senior Notes due 2026 by December 5, 2025.
- B&W's backlog increased 56% to $393.5 million as of September 30, 2025 , and the company introduced a full-year 2026 Adjusted EBITDA target range of $70.0 million to $85.0 million from its core business, excluding AI Data Center projects.
Nov 4, 2025, 10:31 PM
Babcock & Wilcox Signs LNTP with Applied Digital for AI Data Center Power Project
BW
New Projects/Investments
- Babcock & Wilcox (B&W) announced its entry into the AI Data Center power supply market.
- B&W signed a limited notice to proceed (LNTP) with Applied Digital for a project valued at over $1.5 billion.
- This project involves designing and installing one gigawatt of electric power for an Applied Digital AI Factory, with full contract release anticipated in the first quarter of 2026 and operations targeted for 2028.
- B&W also expects to sign an ongoing parts and services contract to support the facility once commercial operation begins.
Nov 4, 2025, 10:28 PM
Babcock & Wilcox Secures Major AI Data Center Project and Reports Strong Q3 2025 Results
BW
Earnings
New Projects/Investments
Guidance Update
- Babcock & Wilcox announced a limited notice to proceed for a more than $1.5 billion contract with Applied Digital for an AI Data Center project, which contributes to an AI Data Center pipeline exceeding $3.0 billion and a total global pipeline over $10.0 billion.
- For the third quarter of 2025, the company reported operating income of $6.5 million, a 315% increase compared to the same period in 2024, and Adjusted EBITDA from continuing operations of $12.6 million, a 59% increase.
- The company's backlog increased by 56% to $393.5 million compared to the third quarter of 2024.
- Babcock & Wilcox paid down $70.0 million of bonds due February 2026 on October 2, 2025, and expects to pay down the remaining outstanding February 2026 bonds in December 2025.
- The company introduced a full-year 2026 Adjusted EBITDA target range of $70.0 million to $85.0 million from its core business, which does not include any consideration from the newest AI Data Center project.
Nov 4, 2025, 10:28 PM
Babcock & Wilcox Receives Wet Gas Scrubbing Technology Award
BW
New Projects/Investments
- Babcock & Wilcox (B&W) has received an initial $10 million order as part of an award valued at approximately $40 million.
- The award is for supplying low-pressure Wet Gas Scrubbing (WGS) technology to a major petroleum refinery in Canada.
- B&W is a licensee of ExxonMobil’s WGS technology, which it acquired the rights to through its 2022 acquisition of Hamon Research-Cottrell Inc..
- This technology enables refiners to reliably meet stringent sulfur dioxide (SO2) emissions regulations.
Sep 29, 2025, 10:30 AM
Quarterly earnings call transcripts for Babcock & Wilcox Enterprises.
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