Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 24

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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ITEM 1. Condensed Consolidated Financial Statements

5

 BABCOCK & WILCOX ENTERPRISES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)

Three Months EndedJune 30,Six Months EndedJune 30,(in thousands, except per share amounts)2025202420252024Revenues$144,054 $151,414 $299,860 $292,288 Costs and expenses:Cost of operations100,812 118,337 226,052 229,055 Selling, general and administrative expenses34,008 36,635 63,025 65,150 Research and development costs941 890 1,298 1,542 Impairment of long-lived assets — — 950 — Loss on asset disposals, net 165 — 173 — Total costs and expenses135,926 155,862 291,498 295,747 Operating income (loss)8,128 (4,448)8,362 (3,459)Other (expense) income:Interest expense(10,992)(11,967)(22,034)(23,980)Interest income537 160 777 307 Loss on debt extinguishment— (1,053)— (6,124)Benefit plans, net(776)66 (1,555)136 Foreign exchange1,237 1,395 862 1,005 Other expense, net(294)(22)(625)(391)Total other expense, net(10,288)(11,421)(22,575)(29,047)Loss before income tax expense(2,160)(15,869)(14,213)(32,506)Income tax expense3,892 4,678 5,844 5,663 Loss from continuing operations(6,052)(20,547)(20,057)(38,169)(Loss) income from discontinued operations, net of tax(52,440)45,953 (60,442)46,742 Net (loss) income attributable to stockholders(58,492)25,406 (80,499)8,573 Less: Dividend on Series A preferred stock3,715 3,715 7,430 7,429 Net (loss) income attributable to stockholders of common stock$(62,207)$21,