Exhibit 99.1 News Release Babcock & Wilcox Enterprises Reports Fourth Quarter and Full Year 2023 Results • Revenues from Continued Operations increased 18% Year over Year, led by double-digit revenue growth across all business segments • Reiterates Full Year 2024 Adjusted EBITDA target of $100.0 million to $110.0 million, excluding BrightLoopTM and ClimateBrightTM expenses • Completed new $150 million Senior Secured Credit Facility; Reaffirmed Credit Rating of BB+ • Awarded $16.0 million grant from the Wyom ...