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12/22/14B&W Vølund Consortium Awarded Contract To Build Waste-To-Energy Power Plant in Scotland
CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 22, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that a consortium that includes its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), has been awarded a $230 million contract to engineer, procure and construct a waste-to-energy (WTE) power plant near Dunbar, Scotland. Viridor UK selected B&W Vølund and its construction partner, Interserve, to design and build... 
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12/16/14B&W Awarded Contract to Manufacture Missile Tubes for Ohio Replacement Nuclear Submarines
CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 16, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG) has been awarded a competitively bid contract to manufacture a number of missile tube assemblies from an initial order for the Ohio Replacement nuclear submarine program. The contract was awarded to B&W NOG by General Dynamics Electric Boat. The work wi... 
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12/01/14Bruce Power Enters into Long Term Supply Agreement with B&W Canada
CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 1, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Canada Ltd. (B&W Canada) has been awarded a long-term master services agreement that establishes a framework to provide its customer, Bruce Power, with nuclear services and components for its commercial nuclear operations in Tiverton, Ontario. Bruce Power Enters into Long Term Supply Agreement with B&... 
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11/05/14B&W Announces Intention to Spin-off Its Power Generation Business
- Standalone Power Generation and Government & Nuclear Operations Businesses will have Greater Financial Flexibility and Strategic Autonomy to Enhance Shareholder Value - Details to Be Discussed During Company’s Third Quarter Financial Results Conference Call on November 6, 2014 at 8:30 a.m. EST CHARLOTTE, N.C.--(BUSINESS WIRE)--Nov. 5, 2014-- Consistent with The Babcock & Wilcox Company’s (NYSE: BWC) (“B&W” or the “Company”) strategy ... 
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11/05/14Babcock & Wilcox Announces Third Quarter 2014 Results
Record Third Quarter Revenue for Nuclear Operations Segment Power Generation Revenue and Operating Margin Improving Raises Lower End of 2014 Adjusted EPS Range to $1.75 to $1.85 Separately Announced Planned Spin-off of Power Generation Business CHARLOTTE, N.C.--(BUSINESS WIRE)--Nov. 5, 2014-- The Babcock & Wilcox Company (NYSE: BWC) (“B&W” or the “Company”) today reported third quarter 201... 
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10/27/14B&W Awarded $35 Million Contract to Supply Boilers and Environmental Equipment to the University of Alaska Fairbanks
CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 27, 2014-- The Babcock & Wilcox Company (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract for more than $35 million to design and manufacture two boilers and air quality control equipment for a power plant owned by the University of Alaska Fairbanks. The two B&W PGG circulating fluidized bed boilers each will be capable ... 
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10/16/14Babcock & Wilcox to Webcast Discussion of Its Third Quarter 2014 Results
CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 16, 2014-- The Babcock & Wilcox Company (NYSE: BWC) (“B&W” or the “Company”) expects to webcast a discussion of its third quarter 2014 results on Thursday, November 6, 2014, at 8:30 a.m. ET. Chief Executive Officer E. James (Jim) Ferland and Chief Financial Officer Tony Colatrella will discuss the Company’s third quarter results. A news release detailing the results is expected to be issued after the market closes o... 
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10/01/14B&W Evaluating a Separation of Its Businesses
CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 1, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) today announced that its Board of Directors is evaluating the separation of the Company’s Power Generation Business and Government & Nuclear Operations Business into two publicly traded companies. The Board’s goal is to determine whether a separation creates the opportunity for enhanced shareholder value and business focus. B&W has retained JPMorgan as its fina... 
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08/28/14B&W Previews New South Florida Waste-to-Energy Plant for Congressman Patrick Murphy
Event Highlights Promise of Waste-to-Energy as a Source of Clean, Renewable Power WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 28, 2014-- The Babcock & Wilcox Company (B&W) (NYSE: BWC) today hosted Congressman Patrick Murphy (D-FL-18) for a tour of the Solid Waste Authority of Palm Beach County Renewable Energy Park, including the country’s first new waste-to-energy (WtE) plant to be built since 1995. As a reliable and non-intermittent source ... 
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08/06/14Babcock & Wilcox Announces Second Quarter 2014 Results
- Solid International and Renewables Bookings in Power Generation Segment - Continued Strong Operating Performance by Nuclear Operations Segment - Year-to-Date Share Repurchases Total $100 Million CHARLOTTE, N.C.--(BUSINESS WIRE)--Aug. 6, 2014-- The Babcock & Wilcox Company (NYSE: BWC) (“B&W” or the “Company”) today reported second quarter 2014 revenues of $686.0 million, a decrease of $200.1 million, or 22.6%, from the second quarter... 
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08/04/14B&W Awarded Construction Contract For AEP SWEPCO Power Plant in Arkansas
CHARLOTTE, N.C.--(BUSINESS WIRE)--Aug. 4, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Construction Co., Inc. (BWCC), a subsidiary of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract to erect a dry flue gas desulfurization (FGD) unit at Southwestern Electric Power Co.’s (SWEPCO) Flint Creek Power Plant in Gentry, Ark. BWCC will construct the 550 megawatt pl... 
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07/23/14B&W Vølund Signs $80 Million Contract to Build Biomass Power Plant in Denmark
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jul. 23, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Vølund A/S (B&W Vølund), a subsidiary of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract for more than $80 million to build a 280 megawatt-thermal (MWth) biomass boiler system for the Skærbækværket power plant near Fredericia, Denmark. The plant, owned by DONG Energy Ther... 
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07/16/14B&W Awarded Contract For Dominican Republic Coal-Fired Boiler Project
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jul. 16, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract to design and manufacture two coal-fired boilers to be installed in the Punta Catalina Power Plant for Corporación Dominicana de Empresas Eléctricas Estatales (CDEEE) in the Dominican Republic. The contract, booked in the sec... 
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07/14/14Babcock & Wilcox to Webcast Discussion of Its Second Quarter 2014 Results
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jul. 14, 2014-- The Babcock & Wilcox Company (NYSE: BWC) (“B&W” or the “Company”) expects to webcast a discussion of its second quarter 2014 results on Thursday, August 7, 2014, at 8:30 a.m. ET. Chief Executive Officer E. James (Jim) Ferland and Chief Financial Officer Tony Colatrella will discuss the Company’s second quarter results. A news release detailing the results is expected to be issued after the market closes o... 
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06/25/14B&W Closes $1.3 Billion Credit Facility; Extends Maturity to 2019
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun. 25, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) today announced that it has completed the amendment and restatement of it senior secured credit facility. The Second Amended and Restated Credit Agreement increases B&W’s revolving credit facility from $700 million to $1 billion for the issuance of performance and financial letters of credit, working capital needs, and general corporate purposes. The new facil... 
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06/23/14B&W Announces Completion of Acquisition of Industrial Products and Services Firm MEGTEC
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun. 23, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has completed the acquisition of MEGTEC, a De Pere, Wis.-headquartered industrial processes solutions provider, based on an enterprise value of $155 million, subject to adjustments. MEGTEC will operate as a subsidiary of B&W PGG under the trade name of ... 
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06/19/14B&W Awarded Steam Generator Services Contract for Dominion Fleet
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun. 19, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Energy, Inc. (B&W NE), was awarded a multi-year fleet services contract from Dominion Generation to provide comprehensive steam generator inspection, repair and cleaning services for the company’s three operating nuclear stations – North Anna in Mineral, Va; Surry in Surry, Va; and Millstone in Wate... 
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06/12/14B&W’s New Innovative Nuclear Inspection Robot Earns Industry Qualifications
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jun. 12, 2014-- Babcock & Wilcox Nuclear Energy, Inc.(B&W Nuclear Energy), a subsidiary of The Babcock & Wilcox Company (B&W) (NYSE:BWC), has earned the qualifications necessary to use its ARCHER™ robot, designed by INETEC, to perform inspections on nuclear reactor vessel closure heads. The ARCHER robot is designed to provide eddy current and ultrasonic examinations of reactor vessel closure head nozzles and J-gr... 
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05/13/14B&W To Acquire International Industrial Products and Services Firm MEGTEC
CHARLOTTE, N.C.--(BUSINESS WIRE)--May 13, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed a definitive agreement to acquire industrial processes solutions provider MEGTEC based on an enterprise value of $155 million, subject to adjustment for MEGTEC’s cash and indebtedness and certain other closing items. MEGTEC, which employs appr... 
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05/12/14Babcock & Wilcox Announces First Quarter 2014 Results
- GAAP Earnings per Share of $0.41, Adjusted Earnings per Share of $0.42 - Declared Regular Quarterly Dividend of $0.10 per share CHARLOTTE, N.C.--(BUSINESS WIRE)--May 12, 2014-- The Babcock & Wilcox Company (NYSE: BWC) (“B&W” or the “Company”) today reported first quarter 2014 revenues of $662.0 million, a decrease of $143.4 million, or 17.8% from the first quarter of 2013. GAAP earnings per share for the first quarter of 2014 were $0.41 unchanged ... 
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05/01/14B&W, The Ohio State University Awarded U.S. DOE Funding for Continued Development of Carbon Dioxide Capture Technology
CHARLOTTE, N.C.--(BUSINESS WIRE)--May 1, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) is pleased to announce that the U.S. Department of Energy has selected its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), to receive a $2.5 million award for Phase 2 development of iron-based Coal Direct Chemical Looping (CDCL) technology. Researchers with B&W PGG and The Ohio State University (OSU) have collaborated on the d... 
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05/01/14B&W Names Elias Gedeon Senior Vice President and Chief Business Development Officer
CHARLOTTE, N.C.--(BUSINESS WIRE)--May 1, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Elias Gedeon has joined The Babcock & Wilcox Company (B&W) as Senior Vice President and Chief Business Development Officer. Mr. Gedeon has more than 30 years of experience in the power generation industry, most recently serving as Alstom Power’s Boiler Group Vice President, Global Sales and Marketing since 2009. From 2003 to 2009, Mr... 
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04/30/14B&W Announces $195 Million in Naval Reactors Contracts and Orders
CHARLOTTE, N.C.--(BUSINESS WIRE)--Apr. 30, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary B&W Nuclear Operations Group, Inc. (B&W NOG) has received contracts and orders from the U.S. Naval Reactors Program worth approximately $195 million. Four new incrementally funded contracts totaling $76.8 million were awarded for engineering design, fabrication and further development work on the Ohio-class su... 
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04/28/14Babcock & Wilcox to Webcast Discussion of its First Quarter 2014 Results
CHARLOTTE, N.C.--(BUSINESS WIRE)--Apr. 28, 2014-- The Babcock & Wilcox Company (NYSE: BWC) (“B&W” or the “Company”) expects to webcast a discussion of its first quarter 2014 results on Tuesday, May 13, 2014, at 8:30 a.m. ET. Chief Executive Officer E. James (Jim) Ferland and Chief Financial Officer Tony Colatrella will discuss the Company’s first quarter results. A news release detailing the results is expected to be issued after the market closes on Mon... 
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04/14/14B&W Announces Restructuring of Small Modular Reactor Program
CHARLOTTE, N.C.--(BUSINESS WIRE)--Apr. 14, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) is announcing plans to restructure its mPower Small Modular Reactor program to focus on technology development. B&W continues to believe in the strength of the mPower technology, but without the ability to secure significant additional investors or customer Engineering, Procurement and Construction contracts to provide the financial support nece... 
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03/28/14B&W Restructures Government Operations; Names Peyton S. Baker to Lead
CHARLOTTE, N.C.--(BUSINESS WIRE)--Mar. 28, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) has announced a restructuring of its government operations. Effective immediately, the Babcock & Wilcox Nuclear Operations Group, Inc. (NOG), its subsidiary operations at Nuclear Fuel Services, and the Babcock & Wilcox Technical Services Group, Inc. (TSG) will operate under a single leader, naming Peyton S. (Sandy) Baker as President and Chief Operating Office... 
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03/24/14AEP Selects B&W for Steam Generator Services Contract
CHARLOTTE, N.C.--(BUSINESS WIRE)--Mar. 24, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Energy, Inc., (B&W NE) was awarded a contract from American Electric Power (AEP) to provide steam generator services for the Donald C. Cook (D.C. Cook) Nuclear Plant just north of Bridgman, Mich. The D.C. Cook Plant contains two units, one of which is outfitted with Babcock & Wilcox replacement reci... 
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03/12/14Babcock & Wilcox to Nominate Robert L. Nardelli, Brian K. Ferraioli and E. James Ferland to Board of Directors at 2014 Annual Meeting of Shareholders
CHARLOTTE, N.C.--(BUSINESS WIRE)--Mar. 12, 2014-- The Babcock & Wilcox Company (NYSE: BWC) (“B&W”) today announced that the B&W Board of Directors has nominated Robert L. Nardelli, Brian K. Ferraioli, and E. James Ferland to stand for election to B&W’s Board at the 2014 annual meeting of shareholders. “We are pleased that Robert L. Nardelli has agreed to stand for election to the B&W Board,” said John A. Fees, Chairman of the Board of B&W. “Mr. ... 
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02/27/14B&W Subsidiary Awarded Up to $302 Million in Contracts for Naval Reactors Fuel, Materials Services
CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 27, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded two new contracts for fuel and materials services totaling up to approximately $302 million from the U.S. Department of Energy, Naval Reactors Laboratory Field Office. The first contract is a one-year contract with a one-year option, which includes the manufac... 
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02/26/14Babcock & Wilcox Announces Fourth Quarter 2013 Results and Increases Share Repurchase Authorization to $750 Million
- GAAP Earnings per Share of $1.48, Adjusted EPS of $0.52 - Revenues of $802.8 Million - 2014 Adjusted EPS Guidance of $2.00 - $2.20 CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 26, 2014-- The Babcock & Wilcox Company (NYSE: BWC) (“B&W” or the “Company”) today reported fourth quarter 2013 revenues of $802.8 million, a decrease of $62.5 million, or 7.2% from the fourth quarter of 2012. GAAP earnings per share for the fourth quarter 20... 
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02/17/14B&W Announces Quarterly Dividend
CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 17, 2014-- The Board of Directors of The Babcock & Wilcox Company (B&W) (NYSE:BWC) has declared a quarterly dividend of $0.10 per share on the outstanding common shares of the company, payable on March 17, 2014 to shareholders of record at the close of business on February 28, 2014. About B&W Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and ser... 
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02/17/14B&W and TerraPower Announce MOU for Collaboration on Innovative Generation IV Nuclear Technology
CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 17, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) and TerraPower® have signed a Memorandum of Understanding (MOU) to support the development of TerraPower’s Generation IV traveling wave reactor (TWR), a safe, economic and sustainable nuclear energy system that utilizes advanced materials for more durable metallic fuels and supercomputing for advanced comprehensive modeling. The TWR commercial r... 
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02/07/14Babcock & Wilcox to Webcast Discussion of Its Fourth Quarter 2013 Results
CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 7, 2014-- The Babcock & Wilcox Company (NYSE: BWC) (“B&W” or the “Company”) expects to webcast a discussion of its fourth quarter 2013 results on Thursday, February 27, 2014, at 8:30 a.m. ET. Chief Executive Officer E. James (Jim) Ferland and Chief Financial Officer Tony Colatrella will discuss the Company’s fourth quarter results. A news release detailing the results is expected to be issued after the market closes... 
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01/21/14B&W Announces Environmental Equipment Contracts For AEP Plants
CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan. 21, 2014-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been awarded contracts totaling more than $40 million for environmental control equipment at two American Electric Power (AEP) coal-fired power plants in Oklahoma and Texas. Under the contracts, B&W PGG will engineer and supply a fabric filter for par... 
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