Why Babcock & Wilcox Shares Are Surging Today
Why Babcock & Wilcox Shares Are Surging Today
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) shares are trading higher after the company inked a deal to sell its Denmark-based subsidiary, Babcock & Wilcox Renewable Service A/S, to Hitachi Zosen Inova for $87 million.
Babcock & Wilcox Enterprises, Inc.(纽交所:BW)股票上涨,该公司与日立造船所签订了协议,将其位于丹麦的子公司Babcock&Wilcox可再生服务A/S以8700万美元的价格出售。
BWRS, which employs more than 160 people and provides aftermarket parts and services for waste-to-energy plants in northern Europe and the U.K., was transferred to HZI.
BWRS是一家在北欧和英国的医疗废物制成动力发电站提供售后备件和服务的公司,拥有160多名员工,目前已转至HZI名下。
This transaction aligns with the company's strategy to divest non-core businesses and assets. The company plans to use proceeds to reduce debt, increase liquidity, and support working capital.
此次交易符合公司剥离非核心业务和资产的策略。该公司计划利用所得收入来减少债务、增加流动性并支持营运资金。
Also Read: Babcock & Wilcox Bags $246M Fuel-Switching Project: Details
另外阅读:Babcock&Wilcox获得2.46亿美元的燃料转换项目:详情
The company reiterated the full year 2024 adjusted EBITDA of $105 million-$115 million, excluding BrightLoop and ClimateBright expenses.
该公司重申2024年全年调整后的EBITDA在1.05亿-1.15亿美元之间,不包括BrightLoop和ClimateBright的费用。
Kenneth Young, B&W Chairman, and Chief Executive Officer, said, "Energy demand in the utility and industrial sector is rapidly increasing, which is reflected in our higher bookings and full-year outlook within our segments and businesses as we move forward."
B&W的董事长兼首席执行官肯尼思·杨表示:“电力和工业领域的能源需求正在快速增长,这反映在我们的业务部门和业务全年展望上,我们正在向前迈进。”
"We're excited about the robust pipeline of opportunities we're currently pursuing and the opportunity to continue to work closely with customers in these markets well into the future."
“我们对目前正在追求的强劲机会充满期待,并有机会在未来继续与这些市场的客户保持密切合作。”
At March-end, the company had total debt of $441.6 million and a cash, cash equivalents and restricted cash balance of $102.5 million.
截至三月底,该公司总负债441.6百万美元,现金、现金等价物和受限制现金余额为102.5百万美元。
Price Action: BW shares are up 14.4% at $1.66 at the last check Monday.
BW股票上涨14.4%,最后一次交易价格为1.66美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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图片来自shutterstock。