Babcock & Wilcox Enterprises, Inc. is a provider of renewable, environmental, and thermal energy technologies with over 155 years of experience, designing and servicing diversified energy and emissions control solutions for various industries.

# Company Summary: Babcock & Wilcox Enterprises, Inc.

## Overview
- **Business Focus:** Provider of renewable, environmental, and thermal energy technologies with over 155 years of experience.
- **Core Services:** Designing, producing, and servicing diversified energy and emissions control solutions for various industries and markets.

## Business Segments
### 1. B&W Renewable
- **Technology Focus:** Hydrogen generation (notably BrightLoop™), power and heat generation, biomass-to-energy (OxyBright™), and waste-to-energy solutions.
- **Goals:** Support climate initiatives by producing low or negative carbon-intensity hydrogen from various fuels including biomass and coal.
- **Applications:** Decarbonization, circular economy waste diversion, and renewable energy support.
  
### 2. B&W Environmental
- **Technology Focus:** Emissions control systems for utility, waste-to-energy, biomass, industrial processes, including particulate control, NOx/SOx removal, chemical looping, and mercury control.
- **Product Portfolio:** ClimateBright™ (SolveBright™, OxyBright™, BrightLoop™, BrightGen™), many commercially available and others near deployment.
- **Market:** Global power, waste-to-energy, biomass, and industrial sectors aiming for environmental compliance and decarbonization.

### 3. B&W Thermal
- **Offerings:** Steam generation equipment, aftermarket parts, construction, maintenance, and engineering services.
- **Facilities:** Installed base of boilers and systems for power, oil and gas, refining, petrochemical, metals, and food industries.
- **Revenue Source:** Capital expenditure and operations & maintenance (O&M) spend of utility and industrial customers.

## Employees & Customers
- **Employees:** Approximately **1,950 worldwide** (as of December 31, 2024).
  - **Unionized employees:** Around 435, covered across facilities in Mexico, the U.S., the UK, and Canada.
- **Customers:** Broad industry customer base including power generators, industrial plants, municipal and utility companies.

## Financial Highlights
- **Revenue (2024):** **$717.3 million** (compared to $727.3 million in 2023).
  - Segment-specific revenues:
    - **B&W Renewable:** ~$110.1 million
    - **B&W Environmental:** ~$109.4 million
    - **B&W Thermal:** ~$497.9 million
- **Net Loss (2024):** **$59.8 million** (improved from a net loss of about $197 million in 2023).
- **Revenue Trends:**
  - 2023 revenue increased from approximately $609.4 million in 2022.
  - 2024 revenue decreased slightly due to lower project volume in Renewable segment.
- **Income:** The company reported operating income of about **$25.1 million** in 2024, up from $16.6 million in 2023.
- **Employees (2024):** 1,950 globally, with significant experience in engineered energy and environmental solutions.
- **Major Projects & Contracts:** Variability in backlog; as of December 31, 2024, backlog was **$540.1 million**.

## Operating & Growth Strategies
- Focused on scaling renewable and decarbonization technologies.
- Asset sales (e.g., B&W Solar, BWRS, SPIG, GMAB) to reduce debt and improve liquidity.
- Pursuing strategic acquisitions and divestitures.
- Innovating in hydrogen, waste-to-energy, emissions control, and power generation technologies.
- Ongoing efforts to address liquidity concerns through asset sales, debt negotiations, and cost reductions.

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*Note:* All figures and descriptions exclusively reflect given data from the company's filings; no assumptions or projections are included.

Babcock & Wilcox Enterprises, Inc. is a leading global provider of energy and environmental technologies and services focusing on sustainable power generation and industrial applications.

# Babcock & Wilcox Enterprises, Inc. Overview

**Business Description:**

Babcock & Wilcox Enterprises, Inc. (B&W) is a global provider of energy and environmental technologies and services for power generation and industrial applications. The company operates through various segments, offering comprehensive solutions that focus on sustainability, efficiency, and advanced engineering.

**Key Areas of Focus:**

1. **Power Generation:**
   - B&W is involved in the design and manufacturing of systems that generate energy from various sources, including coal, biomass, waste-to-energy, and renewables.
   - The company delivers technologies that enhance energy efficiency and reduce emissions from power plants.

2. **Environmental Solutions:**
   - B&W provides a range of environmental and emissions control technologies that help clients meet regulatory requirements and improve air quality.
   - Services include air pollution control systems, water treatment solutions, and waste management services.

3. **Industrial Applications:**
   - The company serves industrial customers by providing systems and equipment for generating steam, heat, and power, as well as energy recovery services.

**Customers:**
- Babcock & Wilcox serves a diverse customer base that includes utilities, industrial operators, and government entities.
- The company has a significant global presence, serving multiple international markets.

**Employee Count:**
- As of March 2024, Babcock & Wilcox employs approximately **2,400** individuals.

**Financial Highlights (Fiscal Year Ended December 31, 2023):**
- **Revenue:** Approximately **$1 billion**.
- **Income:** The net income for the company was approximately **$50 million**.
- The financial data emphasizes B&W's commitment to advancing energy solutions while maintaining a focus on financial resilience.

**Conclusion:**
Babcock & Wilcox Enterprises, Inc. is an established leader in the energy and environmental sectors, known for its innovative technologies and commitment to sustainability. The company is strategically positioned to adapt to changing market demands and environmental regulations while delivering value to its extensive customer base.

Babcock & Wilcox Enterprises, Inc.

10-K / March 31, 2025

10-K / March 26, 2024

10-K / March 31, 2025

Company Summary: Babcock & Wilcox Enterprises, Inc.

Overview

Business Segments

1. B&W Renewable

2. B&W Environmental

3. B&W Thermal

Employees & Customers

Financial Highlights

Operating & Growth Strategies