Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 48

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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&W Renewable segmentB&W Environmental segmentTotalRevenue$109,376 $9,526 $33,730 $152,632 Cost of operations77,454 6,833 26,565 110,852 General & administrative expense (1)12,292 2,098 4,355 18,745 Selling & marketing expense (1)6,248 938 2,227 9,413 Segment Adjusted EBITDA13,382 (343)583 13,622 Corporate/eliminations (2)(5,660)Interest expense, net(9,898)Depreciation & amortization(2,812)Benefit plans, net67 Settlement and related legal recoveries61 Loss on debt extinguishment(665)Financial advisory services(2,535)Stock compensation(938)Restructuring activities(134)Foreign exchange1,230 Other-net(757)Loss from continuing operations before income tax expense$(8,419)

24

Nine Months Ended September 30, 2025(in thousands)B&W Thermal segmentB&W Renewable segmentB&W Environmental segmentTotalRevenue$345,831 $48,419 $54,623 $448,873 Cost of operations256,773 35,876 38,790 331,439 General & administrative expense (1)29,092 7,302 4,795 41,189 Selling & marketing expense (1)19,732 3,879 4,138 27,749 Segment Adjusted EBITDA40,234 1,362 6,900 48,496 Corporate/eliminations (2)(14,634)Interest expense, net(29,401)Depreciation & amortization(7,329)Impairment of long-lived assets(950)Benefit plans, net(2,338)Loss on asset disposals, net(730)Settlement and related legal costs(858)Financial advisory services(6,755)Gain on debt extinguishment1,730 Stock compensation(2,267)Restructuring activities(111)Foreign exchange396 Other-net(776)Loss from continuing operations before income tax expense$(15,527)Nine Months Ended September 30, 2024(in thousands)B&W Thermal segmentB&W Renewable segmentB&W Environmental segmentTotalRevenue$312,302 $40,066 $92,617