Babcock & Wilcox sells Diamond Power to Andritz for $177M; expects close in ~30 days

Babcock & Wilcox Enterprises, Inc.

Base purchase price $177M, subject to customary adjustments; sale includes ~400 employee transfer.
Diamond Power generates ~$114M in annual revenue; sale expected to close within 30 days.
B&W refocuses on core parts, services, construction; cites strong Q1 2025 bookings and backlog.
Proceeds strengthen balance sheet for gas conversions, plant upgrades, and BrightLoop technology.

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