Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 35

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 35
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 settlements or court judgments.

Gain (loss)on debt extinguishment

Losses on debt extinguishment were due to the
write-off of deferred financing fees and certain other exit costs associated with our extinguishment of the Debt Facilities.

Foreign exchange

We translate assets and liabilities of our foreign
operations into U.S. dollars at current exchange rates, and we translate items in our Condensed Consolidated Statement of Operations at
average exchange rates for the periods presented. We record adjustments resulting from the translation of foreign currency amounts as
a component of Accumulated Other Comprehensive Loss. We report foreign currency transaction gains (losses) in income in the Condensed
Consolidated Statements of Operations. Management excludes these expenses from Adjusted EBITDA as they do not reflect the ordinary course
of business and are inherently unpredictable in timing and amount.

Foreign exchange gains and losses are primarily
related to unhedged intercompany loans denominated in European currencies to fund foreign operations.

Financial advisory services

Financial advisory services relate to business
planning and other professional services.

RESULTS BY SEGMENT

| (in thousands)                        
 Revenues:                             
 B&W Thermal segment                   |     | Three Months Ended September 30, 
 2025                             |         |     | 2024 |         |   |     | $ Change |         |   |     | Nine Months Ended September 30, 
 2025                            |         |   |     | 2024 |         |   |     | $ Change |         |   |
|:--------------------------------------|:----|:---------------------------------|--------:|:----|:-----|--------:|:--|:----|:---------|--------:|:--|:----|:--------------------------------|--------:|:--|:----|:-----|--------:|:--|:----|:---------|--------:|:--|
| Parts                                 |     | $                                |  55,660 |     | $    |  52,938 |   |     | $        |   2,722 |   |     | $                               | 155,225 |   |     | $    | 127,888 |   |     | $        |  27,337 |   |
| Projects                              |     |                                  |  37,648 |     |      |  26,276 |   |     |          |  11,372 |   |     |                                 |  90,939 |   |     |