AKRON, Ohio, February 06, 2025--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its Babcock & Wilcox Construction Co., LLC (BWCC) subsidiary was awarded $35 million in contracts for maintenance and service work at power plants and industrial facilities in North America, contributing to a backlog of more than $160 million in construction services heading into 2025.

"We continue to see a robust market for maintenance and service work in North America as our customers look to keep their power generation, industrial, and manufacturing facilities operating at peak performance," said BWCC Vice President and General Manager Mike Hidas. "Maintaining the thermal power fleet also is essential to energy security and grid reliability."

"We’re proud to play a key role in helping utilities and manufacturers serve their customers and ensure the stability of power grids," Hidas added.

BWCC’s broad capabilities include outage services, installation, refurbishment, mechanical repair and maintenance services and equipment and plant installations.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to maintenance and service contracts awarded to Babcock & Wilcox Construction Co., LLC for industrial and power plants in North America. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

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Contacts

Investor Contact:
Investor Relations
Babcock & Wilcox
704.625.4944
investors@babcock.com

Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
rscornell@babcock.com