Babcock & Wilcox Enterprises (BW) Company presentation summary

Company overview and market positioning

• Nearly 160 years of experience as a global leader in energy and environmental technologies, with over 17,000 patents and a vast installed base exceeding 400 GW of power generation worldwide.

• Provides advanced solutions for coal, natural gas, biomass, and renewable energy, serving utilities, industrials, and data centers globally.

• Robust aftermarket services, modernization, and retrofits support a large installed base and drive recurring revenue.

• Positioned to capitalize on rising demand from AI factories, data centers, and global electrification trends.

Financial performance and capital structure

• Reported trailing twelve months revenue of $587.7 million as of December 2025, with gross margin of $143.9 million and operating income of $20.7 million.

• Total debt stood at $281.1 million, with net debt of $201.4 million and cash of $79.7 million at year-end 2025.

• Publicly traded on NYSE, with approximately 1,650 employees and a diversified revenue mix across coal, natural gas, pulp & paper, and biomass.

Growth opportunities and pipeline

• Global pipeline of over $12 billion in opportunities, up 20% in 2025, including a $2.4 billion data factory project for Base Electron/Applied Digital.

• Addressable market for global utility and industrial projects estimated at $25 billion (2026-2028), and $100 billion for U.S. AI/data centers.

• Strategic partnerships and fast-track solutions for AI/data center power demand, with modular and scalable natural gas-fired boiler offerings.