Company: BWNB
Filing Date: 2025-05-30
Form Type: CORRESP
Source: 0001104659-25-054801
Chunk: 3

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-30
Form: CORRESP
Chunk 3
---
 its carrying amount, including goodwill. If the qualitative assessment determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill, then no impairment is determined to exist for the reporting unit. However, if the qualitative assessment determines that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, including goodwill, or we choose not to perform the qualitative assessment, then we compare the fair value of that reporting unit with its carrying amount, including goodwill, in a quantitative assessment. If the carrying amount of a reporting unit exceeds its fair value, goodwill is considered impaired with the impairment loss measured as the excess of the reporting unit’s carrying amount, including goodwill, over its fair value. The estimated fair value of the reporting unit is derived based on valuation techniques we believe market participants would use for each of the reporting units.

4 |Page

Notes to Consolidated Financial Statements

Assets and liabilities held for sale and discontinued operations, page 63

| 5. | You disclose that when you classify a disposal group as held for sale, you first test "all                                          
 assets other than goodwill," then goodwill, and then the disposal group in its entirety. Please tell us how your impairment testing 
 order complies with ASC 360-10-35-39. In particular, clarify if you test long-lived assets for impairment before or after goodwill. |

Response

The Company respectfully acknowledges the Staff’s comment. Consistent
with ASC 360-10-35-39, assets outside of the scope of ASC 360-10 were first tested for impairment, followed by goodwill in accordance
with ASC 350-20, and then the disposal group in its entirety. To clarify, the Company does not test the reporting unit’s long-lived
assets for impairment before goodwill but rather tests the disposal group, inclusive of any long-lived assets, for impairment after goodwill.

In further response to the Staff’s comment, in our Form 10-K
for the year ending December 31, 2025, we will revise the Assets and liabilities held for sale and discontinued operations policy within
Note 2 – Significant Accounting Policies as follows:

We test for impairment when we classify a disposal group
as held for sale in the following order. First, we evaluate for impairment all assets other
than goodwill. Next, we evaluate goodwill and then the disposal group in its entirety. An impairment charge is recognized when the carrying
value of the disposal group exceeds the estimated