Repurchases to begin following the filing of the Company's Form 10-Q for the second quarter of 2026

Babcock & Wilcox Enterprises, Inc. (NYSE:BW) ("B&W" or the "Company") today announced that its Board of Directors has authorized a share repurchase program of up to $50 million of the Company's outstanding common stock. The Company expects to begin repurchases following the filing of its Quarterly Report on Form 10-Q for the second quarter of 2026.

Under the program, the Company may repurchase shares from time to time in open-market transactions, in privately negotiated transactions, through block trades, or pursuant to trading plans established in accordance with Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended, based on market conditions, share price, and other factors. The program does not obligate the Company to purchase any shares, has no fixed expiration date, and may be suspended or discontinued at any time. Repurchases under the program may also be subject to customary approvals from the Company's senior lenders under its credit facilities.

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