Babcock & Wilcox Enterprises Inc
NYSE:BW
Babcock & Wilcox Enterprises Inc
Babcock & Wilcox Enterprises, Inc. engages in the provision of fossil and renewable power generation and environmental equipment. The company is headquartered in Akron, Ohio and currently employs 1,800 full-time employees. The company went IPO on 2015-06-16. The company provides diversified energy and emissions control solutions to a range of industrial, electrical utility, municipal and other customers. Its segments include Babcock & Wilcox Renewable, Babcock & Wilcox Environmental, and Babcock & Wilcox Thermal. Babcock & Wilcox Renewable offers technologies for environmentally sustainable power and heat generation, including waste-to-energy, solar construction and installation, biomass energy and black liquor systems for the pulp and paper industry. Babcock & Wilcox Environmental provides emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black and industrial steam generation applications. Babcock & Wilcox Thermal provides steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil and gas, and industrial sectors.
Babcock & Wilcox Enterprises, Inc. engages in the provision of fossil and renewable power generation and environmental equipment. The company is headquartered in Akron, Ohio and currently employs 1,800 full-time employees. The company went IPO on 2015-06-16. The company provides diversified energy and emissions control solutions to a range of industrial, electrical utility, municipal and other customers. Its segments include Babcock & Wilcox Renewable, Babcock & Wilcox Environmental, and Babcock & Wilcox Thermal. Babcock & Wilcox Renewable offers technologies for environmentally sustainable power and heat generation, including waste-to-energy, solar construction and installation, biomass energy and black liquor systems for the pulp and paper industry. Babcock & Wilcox Environmental provides emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black and industrial steam generation applications. Babcock & Wilcox Thermal provides steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil and gas, and industrial sectors.
EBITDA Beat: Adjusted EBITDA rose 58% year-on-year and beat consensus expectations, driven by record margins in the Parts & Services business.
Strong Operating Income: Operating income jumped 315% versus the same period last year, signaling improved profitability.
Backlog Growth: Backlog increased 56% quarter-over-quarter to over $393 million, reflecting robust demand from utilities and industrials.
AI Data Center Project: Signed a limited notice to proceed for a $1.5 billion project with Applied Digital to supply power for an AI data center, with potential full notice to proceed expected in the coming months.
2026 Guidance: Projecting $70–85 million in 2026 core business EBITDA, representing 80% growth over 2025 and excluding upside from data center projects.
Balance Sheet Strengthened: Debt reduction and a $65 million equity raise have improved liquidity, with net debt expected to fall to $113.2 million.
Expanding Pipeline: Total project pipeline now stands at $10–12 billion, including major opportunities in AI data centers and clean energy technologies.
