Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 60

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 60
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lund SG&A expense we recorded $4.9 million relating to the payment of a break fee by B&W and various other payments between the parties in settlement of certain claims under the O&M. In the third quarter of 2024, we entered into an agreement to terminate our final existing O&M service contract which terminated on October 31, 2024.

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Year ended December 31, 2023(in thousands)SolarBWRSSPIGGMABVølundTotalRevenues$34,725 $96,411 $84,884 $9,388 $81,359 $306,767 Cost of operations80,794 69,517 68,278 5,835 81,021 305,445 Selling general and administrative expenses15,168 13,219 12,287 1,341 14,478 56,493 Restructuring expenses— — 76 — 1,527 1,603 Research and development costs— — 300 132 812 1,244 Loss (gain) on asset disposals, net143 (30)1 — (46)68 Impairment of goodwill and long-lived assets56,556 — — — — 56,556 Total costs and expenses152,661 82,706 80,942 7,308 97,792 421,409 Operating (loss) income(117,936)13,705 3,942 2,080 (16,433)(114,642)Other (expense) income(402)76 (1,481)393 (6,452)(7,866)(Loss) income from discontinued operations before tax(118,338)13,781 2,461 2,473 (22,885)(122,508)(Benefit) expense from income taxes— 1,647 742 511 (4,231)(1,331)(Loss) income from discontinued operations, net of tax$(118,338)$12,134 $1,719 $1,962 $(18,654)$(121,177)Year ended December 31, 2022(in thousands)Solar (1)BWRSSPIGGMABVølundTotalRevenues$41,897 $67,390 $60,979 $11,592 $98,