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

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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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 

45

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(5,240)(3,973)(8,629)(9,976)$15,082 $7,985 $21,213 $10,760 

Corporate

Corporate costs in Adjusted EBITDA include SG&A expenses that are not allocated to the reportable segments. These costs include, among others, certain executive, compliance, strategic, reporting and legal expenses associated with governance of the total organization and being an SEC registrant, and research and development activity costs. 

Impairment of long-lived assets

Impairment of long-lived assets refers to when the carrying amount of an asset exceeds the fair value or recoverable amount.