Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 127

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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571 74,704 73,296 104,285 107,302 227,560 202,926 B&W Renewable segmentParts4,851 4,534 11,155 10,613 Projects5,699 5,482 11,757 11,464 Construction8,422 5,354 10,314 8,463 18,972 15,370 33,226 30,540 B&W Environmental segmentParts10,309 8,939 21,189 19,531 Projects10,490 19,803 17,887 39,356 20,799 28,742 39,076 58,887 Elimination of intersegment revenues(2)— (2)(65)Total Revenue$144,054 $151,414 $299,860 $292,288 

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The following tables provide information about our segments, as well as the "Corporate/Other Segment" category and include the reconciliation of Revenue to Adjusted EBITDA to Loss from continuing operations before income tax expense:Three Months Ended June 30, 2025(in thousands)B&W Thermal segmentB&W Renewable segmentB&W Environmental segmentTotalRevenue$104,285 $18,972 $20,799 $144,056 Cost of operations68,177 13,459 14,352 95,988 General & administrative expense (1)12,608 3,477 2,494 18,579 Selling & marketing expense (1)6,017 1,521 1,629 9,167 Segment Adjusted EBITDA17,483 515 2,324 20,322 Corporate/eliminations (2)(5,240)Interest expense, net(10,455)Depreciation & amortization(2,128)Benefit plans, net(776)Loss on sales, net(165)Settlement and related legal recoveries (costs)(472)Financial advisory services(3,319)Stock compensation(758)Foreign exchange1,237 Other-net(406)Loss from continuing operations before income tax expense$(2,160)Three Months Ended June 30, 2024(in thousands)B&W Thermal segmentB&W Renewable segmentB&W Environmental segmentTotalRevenue$107,302 $15,370 $28,742 $151,414 Cost of