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.（紐交所：BW）股票上漲，該公司與日立造船所簽訂了協議，將其位於丹麥的子公司Babcock&Wilcox可再生服務A/S以8700萬美元的價格出售。
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是一家在北歐和英國的醫療廢物製成動力發電站提供售後備件和服務的公司，擁有160多名員工，目前已轉至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.
此次交易符合公司剝離非核心業務和資產的策略。該公司計劃利用所得收入來減少債務、增加流動性並支持營運資金。
Also Read: Babcock & Wilcox Bags $246M Fuel-Switching Project: Details
另外閱讀：Babcock&Wilcox獲得2.46億美元的燃料轉換項目：詳情
The company reiterated the full year 2024 adjusted EBITDA of $105 million-$115 million, excluding BrightLoop and ClimateBright expenses.
該公司重申2024年全年調整後的EBITDA在1.05億-1.15億美元之間，不包括BrightLoop和ClimateBright的費用。
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的董事長兼首席執行官肯尼思·楊表示：“電力和工業領域的能源需求正在快速增長，這反映在我們的業務部門和業務全年展望上，我們正在向前邁進。”
"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."
“我們對目前正在追求的強勁機會充滿期待，並有機會在未來繼續與這些市場的客戶保持密切合作。”
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，該公司總負債441.6百萬美元，現金、現金等價物和受限制現金餘額爲102.5百萬美元。
Price Action: BW shares are up 14.4% at $1.66 at the last check Monday.
BW股票上漲14.4%，最後一次交易價格爲1.66美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。