Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 23

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 23
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 of these market conditions on current and future periods and actively manage costs
and our liquidity position to provide additional flexibility while still supporting our customers and their specific needs. The duration
and scope of these conditions cannot be predicted, and therefore, any anticipated negative financial impact on our operating results cannot
be reasonably estimated.

Discontinued Operations

Diamond Power

On June 4, 2025 we entered into a Purchase Agreement
to sell our Diamond Power business for a base purchase price of $177 million, subject to certain offsets and adjustments. We closed
the sale of our Diamond Power business on July 31, 2025 and recorded a gain of $53.2 million.

The revenue and operating results presented for
Diamond Power for the three and nine months ended September 30, 2025 represent the financial results for January through July 2025 operations.

Vølund

During the fourth quarter of2024, we committed to a plan to sell our Vølund business, resulting in a significant change that would impact our business.The Purchase Agreements
provide for a base purchase price equal to $15.0 million plus $0.1 million (400,000 Danish krone). We sold our Vølund
business on April 29, 2025. We recorded a net loss of $36.9 million which included a write off of currency translation adjustment (“CTA”) of $52.6 million. As we wind
down certain contracts, we will incur additional expenses to settle the sale of the business.

The revenue and operating results for the three
and nine months ended September 30, 2025 represent the financial results for January through April 2025 operations as well as the net
loss on the sale primarily from the write off of CTA. As we wind down certain contracts, we will incur additional expenses to settle the
sale of the business.

B&W Solar

We continue to meet all of the criteria for the
assets and liabilities of this business, formerly part of our B&W Renewable segment, to be accounted for as held for sale. In addition,
we also determined that the operations of the B&W Solar business qualified as a discontinued operation, primarily based upon its significance
to our current and historic operating losses.

For the three months ended September 30, 2025,
revenue decreased to $2.1 million from $27.1 million in the three months ended September 30, 2024 as a result of significantly less work
year over year as we completed remaining projects