Babcock & Wilcox board approves $50M share repurchase program

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) announced that its Board of Directors has authorized a share repurchase program of up to $50 million of the company's outstanding common stock, according to a press release.

The Akron, Ohio-based company expects to begin repurchases following the filing of its quarterly report on Form 10-Q for the second quarter of 2026.

Under the program, the company may repurchase shares through open-market transactions, privately negotiated transactions, block trades, or pursuant to trading plans established under Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. Repurchases will be based on market conditions, share price, and other factors.

The program carries no fixed expiration date and does not obligate the company to purchase any specific number of shares. It may be suspended or discontinued at any time and may require approvals from the company's senior lenders under its credit facilities.

Kenneth Young, Chairman and Chief Executive Officer, said: "This authorization reflects the Board's confidence in our balance sheet and the value we are building for shareholders. Repurchasing shares when we believe they represent compelling value, alongside our continued investment to support our growth and demand, is an opportunistic use of our financial position."

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