Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 59

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 59
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 September 30, 2024, as the disposal group carrying value exceeded the expected net proceeds from the sale. The proceeds were used to support working capital needs and reduce outstanding debt.The following table summarizes the operating results of the disposal groups included in discontinued operations on the Consolidated Statements of Operations:Year ended December 31, 2024(in thousands)SolarBWRSSPIGGMABVølundTotalRevenues$68,371 $43,255 $60,413 $10,512 $34,500 $217,051 Cost of operations87,137 31,434 47,791 7,606 35,272 209,240 Selling general and administrative expenses1,956 6,783 9,459 1,187 16,030 35,415 Restructuring expenses64 — 49 — 766 879 Research and development costs— — 276 54 605 935 Impairment of goodwill and long-lived assets— — 5,838 — — 5,838 Loss on asset disposals, net— — 47 — 374 421 Total costs and expenses89,157 38,217 63,460 8,847 53,047 252,728 Operating (loss) income(20,786)5,038 (3,047)1,665 (18,547)(35,677)Other (expense) income(481)177 (724)(138)(4,735)(5,901)(Loss) income from discontinued operations before tax(21,267)5,215 (3,771)1,527 (23,282)(41,578)Expense (benefit) from income taxes— 4,972 1,554 407 (2,747)4,186 Gain (loss) on divestiture— 44,876 15,891 (1,820)— 58,947 (Loss) income from discontinued operations, net of tax$(21,267)$45,119 $10,566 $(700)$(20,535)$13,183 Included in the Solar SG&A expenses for the year ended December 31, 2024 is a $6.8 million gain related to a settlement of an insurance claim on the representations and warranty policy obtained when B&W Solar was acquired.Included in Vø