|Bid||0.2721 x 1400|
|Ask||0.2792 x 800|
|Day's Range||0.2605 - 0.2946|
|52 Week Range||0.1940 - 3.0000|
|Beta (3Y Monthly)||3.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.50|
Q4 2018 Babcock & Wilcox Enterprises Inc Earnings Call and Discussion of New Financing Agreement
Babcock & Wilcox Enterprises, Inc. ("B&W") (BW) announced today its subsidiary, Babcock & Wilcox Vølund A/S (Vølund), has successfully turned over a waste-fired boiler for a combined heat and power plant to its customer, Bodens Energi AB (BEAB), a municipally owned producer of electricity and heat in Boden, Sweden. The boiler is capable of handling up to 13 tons of municipal solid waste per hour and has been integrated into the existing Boden plant, which was built by Vølund in 2008. “Vølund is a global leader in waste and biomass-fired boiler and grate technologies, with extensive knowledge and expertise that’s well-suited for an important project such as this,” said B&W Chief Executive Officer Kenneth Young.
Babcock & Wilcox Enterprises, Inc. ("B&W") (BW) announced today it has taken strategic action to significantly strengthen its financial position and chart a path to profitability in 2019. The Company has amended its credit agreement with its current lenders, whereby B. Riley FBR, Inc. has joined the facility and has arranged an additional $150 million in secured financing via a last out term loan and has agreed to provide an uncommitted incremental credit facility of up to another $15 million. This follows an additional $10.0 million in commitments from affiliates of B. Riley FBR under a last out term loan announced on March 19, 2019.
Today, Babcock & Wilcox Enterprises, Inc. (BW) released its annual report on Form 10-K, which is available on the investor section of the Company’s website, www.babcock.com. Also, as previously announced on March 29, 2019 on Form 8-K, the Company and its lenders entered into an agreement further amending its credit agreement and waiving certain covenants and events of default through April 5, 2019. Pending the disclosure of additional information regarding the outcome of ongoing discussions with our lenders and potential sources of additional capital, the Company directs investors and other interested parties to its full disclosure regarding its financial position and results of operations included in its annual report on Form 10-K.
Babcock & Wilcox Enterprises, Inc. (BW) (B&W) announced today that its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund) has successfully turned over operations of the Templeborough Biomass Power Plant to the customer, Copenhagen Infrastructure Partners K/S. Templeborough is the third of four Renewable energy projects B&W previously announced it expects to turn over to customers in the first and second quarters of 2019. B&W announced turnover of the Dunbar Power Plant Project in the U.K. in January and turnover of the Amager Bakke / Copenhill waste-to-energy plant in Denmark on Feb. 4.
Year 2018 was a tough year, in which we saw negative results by our funds, mainly due to our investments in Aryzta and Teekay. The result of this process and daily work is that at 2018 year-end, we believe that our International Portfolio is worth more than double, i.e., we value it at 138% of its current price.
Babcock & Wilcox Enterprises, Inc. (BW) (B&W) announced today that its subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), has successfully turned over the leading-edge Amager Bakke / Copenhill waste-to-energy plant near Copenhagen, Denmark, to its customer, Amager Ressourcecenter (ARC). The Copenhill project, which is jointly owned by five Copenhagen-area municipalities, is a state-of-the-art renewable energy plant featuring a modern and novel architectural design that includes a publicly accessible ski slope on its roof. B&W Vølund’s project scope included the design and supply of the plant’s boiler, B&W Vølund’s DynaGrate® combustion system, slag and ash-handling equipment and advanced environmental technology.
Babcock & Wilcox Enterprises, Inc. (BW) (B&W) announced today that its Denmark-based subsidiary, Babcock & Wilcox Vølund, and its project partner, Interserve, have successfully turned over a renewable energy plant project near Dunbar, East Lothain, Scotland, to the customer, Viridor. The Dunbar Energy Recovery Facility, a municipal waste-to-energy plant, will provide green power for 39,000 homes while providing more than 50 permanent, full-time jobs for the community. This project is one of four European renewable energy projects B&W previously announced it expects to turn over to customers in the first and second quarters of 2019.
Babcock & Wilcox Enterprises, Inc. (BW) (B&W) announced today that it is updating the status and expected turnover and transition to ongoing maintenance of four European Renewable energy projects it previously announced would be handed over to customers by the end of 2018. “Since joining B&W in late November, B&W Executive Vice President of Finance Louis Salamone, B&W Chief Strategy Officer Henry Bartoli, and I, along with B&W Chief Implementation Officer Robert Caruso, Interim B&W Chief Financial Officer Joel Mostrom and others, have conducted daily reviews and updates of B&W’s various Renewable projects in Europe and have visited a number of them,” said B&W Chief Executive Officer Kenneth Young.
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Babcock & Wilcox Enterprises, Inc. (B&W) (BW) announced today that its subsidiary, The Babcock & Wilcox Company, has received combined purchase orders totaling more than $50 million for 11 industrial package boilers in October, November and early December. The orders include the significant contract that was announced earlier this month to provide boilers for a Canadian oil sands project. “B&W’s industrial package boilers are custom engineered to each project’s unique specifications,” said B&W Power Segment Senior Vice President Mark Low.
Babcock & Wilcox Enterprises, Inc. (B&W) (BW) announced today that its subsidiary, The Babcock & Wilcox Company, has been awarded a significant contract to provide five industrial water-tube boilers to Imperial for its Aspen oil sands project in Alberta, Canada. B&W will design and supply the five MCFM 200-120 model boilers, which feature the company’s exclusive multi-circulation boiler technology, and modularized auxiliary components to provide steam for Imperial’s steam assisted gravity drainage (SAGD) bitumen extraction operation. “As oil sands producers ramp up operations in Alberta, B&W is well-positioned to provide steam generation technologies tailored to their specific needs,” said B&W Power segment Senior Vice President Mark Low.
Babcock & Wilcox Enterprises, Inc. (B&W) (BW) announced today that its subsidiary, Babcock & Wilcox Loibl GmbH (B&W Loibl), has been awarded a contract for more than $20 million to supply a co-firing conveying system and other equipment to RWE Generation NL’s Amercentrale power plant in Geertruidenberg, Netherlands. In addition, B&W Loibl will refurbish an existing storage silo and supply auxiliary equipment. Installation of the conveyor systems is planned to begin in early 2019 and is scheduled to be completed in the fourth quarter of 2019.
Babcock & Wilcox Enterprises, Inc. (“B&W”) (BW) announced today that on November 27, 2018, it received notification from the New York Stock Exchange ("NYSE") that the Company has fallen below its continued listing criteria based on the price of B&W’s common stock. The Company has a period of six months from the date of notification, with a possible extension, to bring the 30-day average closing share price back above $1.00. Under NYSE rules, B&W's common stock will continue to be listed on the NYSE during this period, subject to the Company's compliance with other NYSE continued listing requirements.
Shares of JD.Com Inc (NASDAQ: JD) fell more than 4% in premarket trade as the Chinese online retailing giant missed third-quarter revenue expectations. Revenue for the quarter was 104.8 billion yuan, versus a consensus estimate of 106.2 billion yuan. Net income was 3.0 billion yuan, compared to 1.0 billion yuan for the same period last […] The post Stock Market News Daily Roundup November 19 appeared first on Market Exclusive.
Babcock & Wilcox Enterprises, Inc. (“B&W”) (BW) announced today that Kenny Young has been appointed Chief Executive Officer of the Company, effective immediately. Leslie Kass, who has served as Chief Executive Officer since February 2018, is leaving B&W to pursue other opportunities.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 63 cents. Losses, adjusted for non-recurring gains, were 83 cents per share. The power generation equipment company ...
- Continued progress toward completion of Renewable projects, despite increased estimated costs- $62 million in cost savings program underway; initial benefits realized in third qu
Babcock & Wilcox Enterprises, Inc. expects to host a conference call and webcast on Thursday, November 8, 2018 at 5:00 p.m. ET.