Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 130

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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401)Depreciation & amortization(7,329)Impairment of long-lived assets(950)Benefit plans, net(2,338)Loss on asset disposals, net(730)Settlement and related legal costs(858)Financial advisory services(6,755)Gain on debt extinguishment1,730 Stock compensation(2,267)Restructuring activities(111)Foreign exchange396 Other-net(776)Loss from continuing operations before income tax expense$(15,527)Nine Months Ended September 30, 2024(in thousands)B&W Thermal segmentB&W Renewable segmentB&W Environmental segmentTotalRevenue$312,302 $40,066 $92,617 $444,985 Cost of operations230,700 30,560 71,985 333,245 General & administrative expense (1)30,773 6,367 10,940 48,080 Selling & marketing expense (1)18,953 3,530 6,819 29,302 Segment Adjusted EBITDA31,876 (391)2,873 34,358 Corporate/eliminations (2)(15,636)Interest expense, net(33,571)Depreciation & amortization(8,791)Benefit plans, net203 Settlement and related legal costs(3,235)Financial advisory services(2,884)Loss on debt extinguishment(6,789)Stock compensation(3,637)Restructuring activities(1,144)Foreign exchange2,235 Other-net(2,034)Loss from continuing operations before income tax expense$(40,925)(1) General & administrative expense excludes corporate/eliminations of $6.9 million and $6.1 million for the three months ended September 30, 2025 and 2024, respectively, and $16.8 million and $17.5 million for the nine months ended September 30, 2025 and 2024, respectively. We had no selling & marketing expenses excluded from corporate/eliminations for the three and nine months ended September 30, 2025 and 2024.(2) Other corporate expenses include certain R&D expenses and other costs not allocated to our segments.

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NOTE 6 – REVENUE RECOGNITION AND CONTRACTS 

Revenue RecognitionWe generate the vast majority of our revenues from the supply of, and aftermarket services for, steam-generating