Babcock & Wilcox Enterprises Inc - Company Profile
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Babcock & Wilcox Enterprises Inc (B&W) is a provider of technologies, engineered solutions, and aftermarket services. Its solutions optimize businesses to align with market changes, reinforce customers' technology portfolio and allow secure growth across markets. The company's offerings include boilers, emissions control and cooling systems, ash & material handling, controls & monitoring, and associated parts. B&W also provides retrofit and upgrades, field technical services, and other services. It serves customers in the oil and gas, chemical, industrial, and power generation sectors across the Asia Pacific, Europe, the Americas, Africa, and other regions. The company has R&D, manufacturing, administrative, warehouse, and service facilities in China, Scotland, Mexico, the US, Canada, Denmark, Germany, and Italy. B&W is headquartered in Barberton, Ohio, the US.
Headquarters
United States of America
Address
1200 E. Market Street, Suite 650, Akron, Ohio, 44305
Website
www.babcock.com
Telephone
1 330 8606205
No of Employees
2,200
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
BW (NYSE)
Revenue (2022)
$999.4M
17.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-762.6%
(2022 vs 2021)
Market Cap*
$89.1M
Net Profit Margin (2022)
XYZ
-630.7%
(2022 vs 2021)
* As of and is in US$
Babcock & Wilcox Enterprises Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Boilers: | Aftersales Services |
| Bubbling Fluidized-Bed (BFB) Boilers | Field Engineering Services |
| Cyclone-Furnace Boilers | Plant Operations and Maintenance |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company through its B&W Thermal segment secured contracts, worth US$24 million, for the design, manufacturing, and supply of three industrial boilers and related equipment for petrochemical facilities in the Middle East and Central Asia regions. |
| 2023 | Contracts/Agreements | In August, the company entered into an agreement to provide an air-cooled condenser system for a waste-to-energy plant in the United Kingdom. |
| 2023 | Contracts/Agreements | In July, the company Secured a contract US$20 million from Summit Ridge Energy or the engineering, procurement and construction (EPC) of 25 megawatts of community solar energy projects in Illinois. |
Competitor Comparison
| Key Parameters | Babcock & Wilcox Enterprises Inc | General Electric Co | AECOM | Andritz AG | Valmet Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Austria | Finland |
| City | Akron | Boston | Dallas | Graz | Espoo |
| State/Province | Ohio | Massachusetts | Texas | Burgenland | - |
| No. of Employees | 2,200 | 125,000 | 52,000 | 29,717 | 19,160 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kenneth Young | Chief Executive Officer; Chairman | Executive Board | 2020 | 59 |
| Louis Salamone | Chief Accounting Officer; Chief Financial Officer; Executive Vice President | Senior Management | 2019 | 76 |
| Jimmy B. Morgan | Executive Vice President; Chief Operating Officer | Senior Management | 2020 | 54 |
| Brandy Johnson | Chief Technology Officer; Chief Strategy Officer | Senior Management | - | - |
| Sarah Serafin | Vice President - Corporate Development | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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