B&W Announces Sale of Loibl Material Handling Subsidiary
Babcock & Wilcox Enterprises, Inc. (BW)
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm
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Source: Business Wire
- Sale of non-core asset part of B&W’s strategy to strengthen focus on core businesses- Proceeds to be used to reduce debt and provide working capital BARBERTON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) announced today that it has sold its Straubing, Bavaria, Germany-based material handling subsidiary, Babcock & Wilcox Loibl GmbH (Loibl), to a subsidiary of Deutsche Invest Mittelstand GmbH.“The proceeds from B&W’s sale of Loibl will be used to reduce debt, provide working capital and strengthen the company’s liquidity and overall financial position, as well as help us focus on our core businesses,” said Kenneth Young, Chief Executive Officer, B&W. “I would like to thank Loibl’s employees and management team for the many contributions they have made to B&W and wish them the best with their new parent company.”B&W remains focused on its path to profitability and will continue to strategically focus on its core products and services for power and in
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- Babcock & Wilcox Enterprises, Inc. (NYSE: BW) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Babcock & Wilcox Enterprises, Inc. (NYSE: BW) had its price target lowered by analysts at Lake Street Capital from $11.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- Babcock & Wilcox Announces Increased Full-Year Adjusted EBITDA Target of $105 Million to $115 Million, New Contracts and Awards of Approximately $500 Million Year-to-Date [Yahoo! Finance]Yahoo! Finance
BW
Earnings
- 11/9/23 - Miss
BW
Sec Filings
- 4/17/24 - Form SC
- 4/10/24 - Form 8-K
- 4/10/24 - Form 424B5
- BW's page on the SEC website