BW-PA · Babcock & Wilcox Enterprises, Inc.

The board's authorization of a $50 million share repurchase program signals management's view that the stock is undervalued and that the company has sufficient liquidity to return capital to shareholders. Concurrently, the full redemption of the 6.50% Senior Notes due 2026 for $61.4 million will eliminate approximately $61.4 million in debt, reducing interest expense and simplifying the capital structure. The redemption price includes a make-whole amount and accrued interest, with the transaction funded from available cash or other sources. These actions collectively demonstrate a disciplined approach to capital allocation, balancing shareholder returns with deleveraging.