Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 161

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 161
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 performance of our revenue generating segments. Additionally, the Company redefined its definition of Adjusted EBITDA to eliminate the effects of certain items including interest on letters of credit included in Cost of operations and product development costs. Prior period results have been revised to conform with the revised definition and present separate reconciling items in our reconciliation. 

Three Months 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 

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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