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Babcock & Wilcox Announces Conclusion of Previously-Disclosed SEC Investigation

Published: 2021-10-25 20:30:00 ET

AKRON, Ohio--(BUSINESS WIRE)-- On October 20, 2021, Babcock & Wilcox Enterprises, Inc. (the “Company”) received a letter from the staff of the Division of Enforcement of the Atlanta Regional office of the U.S. Securities and Exchange Commission (“Commission”) confirming that the staff has concluded its investigation of the Company that the Company has previously disclosed in its SEC filings and that it does not intend to recommend to the Commission that an enforcement action be brought against the Company.

“We have cooperated with the SEC throughout the duration of this investigation which began in 2017 and are pleased to put this matter behind us,” commented Kenneth M. Young, CEO and Chairman of the Company.

About B&W Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211025005574/en/

Investor Contact: Megan Wilson Vice President, Corporate Development & Investor Relations Babcock & Wilcox 330-860-6802 | 704.625.4944 investors@babcock.com

Media Contact: Ryan Cornell Public Relations Babcock & Wilcox 330.860.1345 rscornell@babcock.com

Source: Babcock & Wilcox Enterprises, Inc.

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.