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B&W Announces Intention to Spin-off Its Power Generation Business

05 November 2014

Consistent with The Babcock & Wilcox Company’s (NYSE: BWC) (“B&W” or the “Company”) strategy and focus on enhancing value for its shareholders, B&W’s Board of Directors has unanimously approved a plan for the tax-free spin-off of the Company’s Power Generation business to B&W’s shareholders.

Third Quarter 2014 Results

05 November 2014

- Record Third Quarter Revenue for Nuclear Operations Segment - Power Generation Revenue and Operating Margin Improving - Raises Lower End of 2014 Adjusted EPS Range to $1.75 to $1.85 - Separately Announced Planned Spin-off of Power Generation Business



Press Contacts:

BWX Technologies, Inc.

Jud Simmons 
+1 434.522.3800

BWXT Canada Ltd.  

Natalie Cutler 
+1 519.620.5288 

BWXT Nuclear Energy Canada Inc.

Natalie Cutler
+1 519.620.5288  

Nuclear Fuel Services, Inc.

Laura Bailey 
+1 423.743.9141