Aug. 5 at 3:45 AM
$BW According to the recently filed 8-K and Exhibit 99.1, Babcock & Wilcox’s sale of Diamond Power for
$177 million transforms the company’s financials on paper—turning a
$75 million loss in 2024 into a
$14 million pro forma profit.
The move also shrinks their shareholder deficit by nearly
$100 million, strengthening the balance sheet significantly.
In simple terms: B&W just offloaded a legacy, low-margin business, brought in fresh cash, and cleaned up its financial profile—positioning itself for a leaner, more focused future.