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Babcock & Wilcox Enterprises, Inc. Company profile

About Babcock & Wilcox Enterprises Inc

Babcock & Wilcox Enterprises, Inc. is a provider of renewable, environmental and thermal technologies. It provides diversified energy and emissions control solutions to a range of industrial, electrical utility, municipal and other customers. Its segments include Babcock & Wilcox Renewable, Babcock & Wilcox Environmental, and Babcock & Wilcox Thermal. Babcock & Wilcox Renewable offers technologies for environmentally sustainable power and heat generation, including waste-to-energy, solar construction and installation, biomass energy and black liquor systems for the pulp and paper industry. Babcock & Wilcox Environmental provides emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black and industrial steam generation applications. Babcock & Wilcox Thermal provides steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil and gas, and industrial sectors.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Babcock & Wilcox Enterprises Inc revenues increased 28% to $723.4M. Net income applicable to common stockholders excluding extraordinary items totaled $21.8M vs. loss of $12.1M. Revenues reflect B&W Thermal segment increase of 42% to $433.3M, B&W Environmental segment increase of 26% to $136.5M, United States segment increase of 39% to $431.5M, Sweden segment increase of 96% to $22.4M.