Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 79

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 79
---
 Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Net (loss) income$(58,492)$25,406 $(80,499)$8,573 (Loss) income from discontinued operations, net of tax(52,440)45,953 (60,442)46,742 Loss from continuing operations(6,052)(20,547)(20,057)(38,169)Interest expense, net10,455 11,808 21,257 23,673 Income tax expense3,892 4,678 5,844 5,663 Depreciation & amortization2,128 2,931 4,451 5,979 EBITDA10,423 (1,130)11,495 (2,854)Impairment of long-lived assets— — 950 — Benefit plans, net776 (66)1,555 (136)Loss on asset disposals, net165 — 173 — Stock compensation758 1,318 1,521 2,699 Restructuring activities— 103 111 1,010 Settlements and related legal costs472 7,383 536 3,296 Loss on debt extinguishment— 1,053 — 6,124 Foreign exchange(1,237)(1,395)(862)(1,005)Financial advisory services3,319 50 5,167 349 Other - net406 669 567 1,277 Adjusted EBITDA$15,082 $7,985 $21,213 $10,760 

45

Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Adjusted EBITDAB&W Thermal$17,483 $9,869 $25,066 $18,494 B&W Renewable515 428 712 (48)B&W Environmental2,324 1,661 4,064 2,290 Corporate(5,240)(3,973)(8,629)(9,976)$15,082 $7,985 $21,213 $10,760 

Corporate

Corporate costs in Adjusted EBITDA include SG&A expenses that are not allocated to the reportable segments. These costs include, among others, certain