Company: BWNB
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001630805-25-000019
Chunk: 89

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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355)— (3,798)(15,153)Expense (benefit) from income taxes— — 87 87 Gain on divestiture$— $1,014 $— $1,014 (Loss) income from discontinued operations, net of tax$(11,355)$1,014 $(3,885)$(14,226)Three Months Ended March 31, 2024(in thousands)SolarBWRSSPIGGMABVølundTotalRevenues$11,373 $17,517 $16,751 $2,006 $6,994 $54,641 Cost of operations10,366 12,963 13,357 1,103 7,268 45,057 Selling general and administrative expenses1,734 3,300 2,736 338 3,279 11,387 Research and development costs— — 85 20 158 263 Loss on asset disposals, net— 6 47 — — 53 Total costs and expenses12,100 16,269 16,225 1,461 10,705 56,760 Operating (loss) income(727)1,248 526 545 (3,711)(2,119)Other (expense) income(265)123 (132)312 (1,527)(1,489)(Loss) income from discontinued operations before tax(992)1,371 394 857 (5,238)(3,608)Benefit from income taxes— — 211 177 — 388 (Loss) income from discontinued operations, net of tax$(992)$1,371 $183 $680 $(5,238)$(3,996)

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The following tables provide the major classes of assets and liabilities of the disposal groups included in assets held for sale and liabilities held for sale in the Condensed Consolidated Balance Sheets:March 31, 2025(in thousands)SolarVølundTotalCash$526 $1,337 $1,863 Accounts receivable – trade, net1,273 6,322 7,595 Contracts in progress11,649 8,293 19,942 Inventories, net— 2,725 2,725 Other current assets59 4,799 4,858 Total current