Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 36

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 September 30, 2025, we have concluded it is probable that such actions would provide sufficient liquidity to fund operations for the next twelve months following the date of this Quarterly Report.

OperationsOur operations are assessed based on three reportable segments. For segment details and financial information, see Note 5 to the Condensed Consolidated Financial Statements.

NOTE 2 – EARNINGS (LOSS) PER SHARE

The following table sets forth the computation of basic and diluted loss per share of our common stock, net of non-controlling interest and dividends on preferred stock:Three Months Ended September 30,Nine Months Ended September 30,(in thousands, except per share amounts)2025202420252024Net loss from continuing operations$(2,342)$(7,911)$(22,399)$(43,562)Less: Dividend on Series A preferred stock3,715 3,715 11,145 11,144 Loss from continuing operations attributable to stockholders of common stock(6,057)(11,626)(33,544)(54,706)Income (loss) from discontinued operations, net of tax37,434 2,579 (23,008)46,804 Net income (loss) attributable to stockholders of common stock$31,377 $(9,047)$(56,552)$(7,902)    Weighted average shares used to calculate basic and diluted earnings (loss) per share103,047 92,252 99,918 90,932     Basic and diluted earnings (loss) per common share:        Continuing operations$(0.06)$(0.13)$(0.34)$(0.60)Discontinued operations0.36 0.03 (0.23)0.51 Basic and diluted earnings (loss) per common share$0.30 $(0.10)$(0.57)$(0.09)In accordance with GAAP, dilution is assessed on the basis of continuing operations. We incurred a net loss from continuing operations in the three and nine months ended September 30, 2025 and 2024, therefore the basic and diluted shares are the same for those periods. If we had net income from continuing operations attributable to stockholders of common stock in the three months ended September 30, 2025 and 2024, diluted shares would have included an additional 0.9 million and 0.4 million shares, respectively. If