Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 25

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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ITEM 1. Condensed Consolidated Financial Statements

5

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

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(in thousands, except per share amounts)2025202420252024Revenues$149,011 $152,631 $448,871 $444,919 Costs and expenses:    Cost of operations111,869 116,517 337,921 345,572 Selling, general and administrative expenses29,782 33,335 92,807 98,485 Research and development costs303 1,212 1,601 2,754 Impairment of long-lived assets — — 950 — Loss on asset disposals, net 557 — 730 — Total costs and expenses142,511 151,064 434,009 446,811 Operating income (loss)6,500 1,567 14,862 (1,892)Other (expense) income:    Interest expense(8,500)(10,057)(30,534)(34,037)Interest income356 159 1,133 466 Gain (loss) on debt extinguishment1,730 (665)1,730 (6,789)Benefit plans, net(783)67 (2,338)203 Foreign exchange(466)1,230 396 2,235 Other expense, net(151)(720)(776)(1,111)Total other expense, net(7,814)(9,986)(30,389)(39,033)Loss before income tax expense(1,314)(8,419)(15,527)(40,925)Income tax expense (benefit)1,028 (508)6,872 2,637 Loss from continuing operations(2,342)(7,911)(22,399)(43,562)Income (loss) from discontinued operations, net of tax37,434 2,579 (23,008)46,804 Net income (loss) attributable to stockholders35,092 (5,332)(45,407)3,242 Less: Dividend on Series A preferred stock3,715 3,715 11,145 11,144 Net income (