Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 61

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 61
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518 $280,376 Cost of operations43,211 50,812 50,154 7,716 88,001 239,894 Selling general and administrative expenses(2,029)11,053 10,680 1,347 13,302 34,353 Restructuring expenses— — 98 — 668 766 Research and development costs— — 382 131 735 1,248 (Gain) loss on asset disposals, net(59)(21)5 — — (75)Impairment of goodwill and long-lived assets7,224 — — — — 7,224 Total costs and expenses48,347 61,844 61,319 9,194 102,706 283,410 Operating (loss) income(6,450)5,546 (340)2,398 (4,188)(3,034)Other (expense) income(146)(344)1,666 237 (8,282)(6,869)(Loss) income from discontinued operations before tax(6,596)5,202 1,326 2,635 (12,470)(9,903)(Benefit) expense from income taxes— (27)598 544 1,393 2,508 (Loss) income from discontinued operations, net of tax(6,596)5,229 728 2,091 (13,863)(12,411)Net income attributable non-controlling interest— — 13 — — 13 Net (loss) income attributable to stockholders$(6,596)$5,229 $741 $2,091 $(13,863)$(12,398)(1) Selling, general and administrative expenses includes a $9.6 million gain related to the change in fair value of contingent consideration.

69

The following table provides the major classes of assets and liabilities of the disposal groups included in assets held for sale and liabilities held for sale in the Consolidated Balance Sheets:December 31, 2024(in thousands)SolarVølundTotalCash $1,255 $2,200 $3,455 Accounts receivable – trade, net2,814 7,202 10,016 Contracts in progress4,157 10,023 14,180 Inventories, net—