Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 67

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 67
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 and business services transition(1,296)Acquisition pursuit and related costs(643)Product development(8,228)Foreign exchange(109)Letter of credit fees(7,036)Other-net(3,550)Loss from continuing operations before income tax expense$(60,790)

73

Year ended December 31, 2023(in thousands)B&W Renewable segmentB&W Environmental segmentB&W Thermal segmentTotalRevenue$140,835 $108,655 $499,216 $748,706 Cost of operations103,024 89,038 365,783 557,845 General & administrative expense (1)17,683 8,020 37,648 63,351 Selling & marketing expense13,747 7,464 31,010 52,221 Segment Adjusted EBITDA6,381 4,133 64,775 75,289 Corporate/eliminations (2)(14,484)Interest expense, net(41,486)Depreciation & amortization(14,300)Benefit plans, net(37,505)Gain (loss) on sales, net(134)Settlement and related legal recoveries (costs)1,474 Advisory fees for settlement costs and liquidity planning(1,107)Stock compensation(7,121)Restructuring expense and business services transition(2,619)Acquisition pursuit and related costs(827)Product development(9,023)Foreign exchange(2,594)Letter of credit fees(7,702)Other-net(3,837)Loss from continuing operations before income tax expense$(65,976)

74

Year ended December 31, 2022(in thousands)B&W Renewable segment (3)B&W Environmental segmentB&W Thermal segmentTotalRevenue$122,765 $81,822 $415,104 $619,691 Cost of operations78,480 67,557 281,895 427,932 General & administrative expense (1)21,406 6,689 46,640 74,735 Selling & marketing expense11,111 5,935 29,861 46,907 Segment Adjusted EBITDA11,768 1,641 56,708 70,117 Corporate/eliminations (2)(14,550)Interest expense, net(39,211)Depreciation & amortization(16,247