Babcock & Wilcox Enterprises (BW) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order with a reminder about forward-looking statements and associated risks, referencing the latest SEC filings.

• Agenda and rules of conduct were posted on the meeting web portal, and voting procedures were explained.

• Introductions included board members, executive officers, and representatives from BDO U.S.A. and Broadridge Financial Solutions.

Financial performance review

• Achieved significant year-over-year increases in adjusted EBITDA and core parts and services business.

• Improved balance sheet, reduced debt, and built a robust pipeline of backlogs.

• Secured a $2.4 billion agreement to supply equipment for AI data center power generation, marking a record backlog.

• Continued progress on BrightLoop chemical looping projects, with growing interest in hydrogen and CO2 capture technologies.

Board and executive committee updates

• Board members and executive officers were introduced, highlighting leadership continuity.