Babcock & Wilcox Enterprises, Inc. (NYSE:BW) Q3 2023 Earnings Call Transcript

Rob Brown : Okay, great. Thank you for all the color. I’ll turn it over.

Operator: Thank you, Mr. Brown. Our last question is on the line of Alex Rygiel with B. Riley. You may proceed.

Alex Rygiel : Thanks. Good evening, Kenny and Lou, a lot going on here. So let’s get into a couple of things. First, as it relates to the $30 million in annual cost savings. Can you comment on the timing of that? And how important is that in getting to your [Indiscernible] $100 million to $110 million next year?

Kenny Young : Yeah, some of that is already started. And will help out a little bit in Q4 and clearly will kick in heavily into Q1 on that. Yeah — so that process has already begun. Obviously, we’re taking steps some of the timing of that may be more in Q1 than now. But they’ve been identified and those are in process to be implemented, I guess, that’s way to describe it.

Alex Rygiel : Excellent. And then there was a reference to strategic alternatives related to non-strategic assets. Is there any chance you could quantify kind of the possible value here that you could realize in making those?

Kenny Young : No, great question, Alex, I wish I could, but I’ll leave that out for the moment. But just wanted to say we’re — we look at various things from assets. Some of those are could be property locations and other things assets that no longer strategically that we need going forward. But — and don’t have a valuation or anything that we’d want to put out at this point in time.

Alex Rygiel : Great, thank you very much.

Kenny Young : Thanks, everyone.

Operator: That concludes the question-and-answer session. I would now like to turn the call over to Sharyn for any closing remarks.

Sharyn Brooks : Thank you for joining us today. This concludes our conference call. A replay will be available for a limited time on our website later today.

Operator: That concludes today’s call. Thank you for your participation. You may now disconnect your lines.