B&W Closes Sale of MEGTEC and Universal Businesses
Babcock & Wilcox Enterprises, Inc. (BW)
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm
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babcockwinery.com
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Source: Business Wire
BARBERTON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today that it has closed the sale of its MEGTEC and Universal industrial services business to Dürr AG for $130 million, subject to adjustment. Net proceeds from the sale will largely be used to reduce outstanding balances under the Company’s bank credit facilities, and to improve its balance sheet and financial flexibility. B&W’s strategic focus will continue to be on optimizing its market-leading portfolio of equipment, technology and services for power generation and industrial applications, and implementing efficiencies and cost reductions throughout the organization. About B&W Headquartered in Barberton, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets, and has been transforming our world for 151 years.
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News
- Babcock & Wilcox Enterprises, Inc. (NYSE: BW) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Babcock & Wilcox Receives Contracts Totaling $24 Million for Three Middle East Industrial Boilers [Yahoo! Finance]Yahoo! Finance
- Babcock & Wilcox Receives Contracts Totaling $24 Million for Three Middle East Industrial BoilersBusiness Wire
- 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 DA Davidson from $4.00 to $3.50. They now have a "buy" rating on the stock.MarketBeat
BW
Earnings
- 11/9/23 - Miss
BW
Sec Filings
- 3/26/24 - Form 10-K/A
- 3/26/24 - Form PRE
- 3/22/24 - Form 4
- BW's page on the SEC website