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- Jul 13, 202690% CONFIDENCEfrom the source
Babcock & Wilcox Board Approves $50 Million Share Buyback
- B&W's board authorised a share repurchase program of up to $50 million of its common stock, announced on 13 July 2026[1][3].
- B&W said it would start buying after filing its second-quarter 2026 Form 10-Q; that report was filed on 10 August 2026[1][2].
- Shares can be bought on the open market, privately, in block trades or under Rule 10b5-1 and 10b-18 plans; the program has no expiry, can be stopped at any time, and may need approval from B&W's senior lenders[1][3].
- CEO Kenneth Young called buying shares "when we believe they represent compelling value" an "opportunistic use of our financial position"[1].
- In the same filing B&W called all $61.4 million of its 6.50% Senior Notes due 2026 for redemption[3].
- The stock rose 2% to $11.95 in premarket trading after the news[4].
References 485% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%babcock.com/home/about/corporate/news/babcock-and-wilcox-board-authorizes-share-repurchase-program-of-up-to-50-millionbabcock.com· Posted Sep 23, 2026· Starts Jul 13, 2026 ✓· 30% of score
Stated as done in the release datelined "AKRON, Ohio – July 13, 2026": B&W "today announced that its Board of Directors has authorized a share repurchase program of up to $50 million".
- [2]80%Babcock & Wilcox Form 10-Q for the quarter ended 30 June 2026sec.gov· Published Aug 10, 2026· 25% of score
Restates the 13 July 2026 authorisation as a subsequent event; the 10-Q filed on 10 August is the filing after which repurchases could begin.[1]
- [3]95%Babcock & Wilcox Form 8-K (13 July 2026): share repurchase program and redemption of 6.50% notessec.gov· Published Jul 13, 2026· 23% of score
B&W's filing of the buyback authorisation and its terms, alongside the redemption notice for all $61.4 million of its 6.50% Senior Notes due 2026.[1]
- [4]75%Babcock & Wilcox Enterprises (BW) Initiates $50M Share Repurchase Programgurufocus.com· Published Jul 13, 2026· 23% of score
GuruFocus report of the authorisation, noting the shares rose 2% to $11.95 in premarket trading.
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