Babcock & Wilcox Enterprises said its board approved a share repurchase program of up to $50 million, with buybacks set to begin after the company files its second-quarter 2026 Form 10-Q.
The company said the program allows repurchases in the open market, through privately negotiated transactions, block trades, or under 10b5-1 and 10b-18 trading plans. It also said the program has no fixed expiration date and may be suspended or discontinued at any time.
Chief Executive Kenneth Young said the authorization reflects confidence in the company’s balance sheet and the value it sees for shareholders. He said the company plans to repurchase shares when it believes they offer compelling value while continuing to invest in growth and demand.
The announcement adds a new capital allocation move, but the release did not provide prior-period buyback activity, cash balances, debt levels, or other financial metrics to compare against. Following these announcements, the company's shares moved -3.25%, and are now trading at a price of $11.32. Check out the company's full 8-K submission here.
