Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 37

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 37
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(7,267)— — Benefit plans, net(31,937)(37,505)37,528 Foreign exchange(109)(2,594)(1,025)Other expense, net(1,229)(996)(1,253)Total other expense(85,874)(82,581)(3,961)Loss from continuing operations before income tax expense(60,790)(65,976)(5,115)Income tax expense12,172 9,818 9,071 Loss from continuing operations(72,962)(75,794)(14,186)Income (loss) from discontinued operations, net of tax13,183 (121,177)(12,398)Net loss(59,779)(196,971)(26,584)Net (loss) income attributable to non-controlling interest(136)(237)3,723 Net loss attributable to stockholders(59,915)(197,208)(22,861)Less: Dividends on Series A preferred stock14,859 14,858 14,860 Net loss attributable to stockholders of common stock$(74,774)$(212,066)$(37,721)Basic and diluted loss per shareContinuing operations$(0.96)$(1.02)$(0.29)Discontinued operations0.14 (1.36)(0.14)Basic and diluted loss per share$(0.82)$(2.38)$(0.43)Shares used in the computation of loss per share:Basic and diluted91,717 89,011 88,256 

See accompanying notes to Consolidated Financial Statements. 

53

BABCOCK & WILCOX ENTERPRISES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

Year ended December 31,(in thousands)202420232022Net loss$(59,779)$(196,971)$(26,584)Other comprehensive (loss) income:Currency translation adjustments(9,459)5,555 (14,834)Reclassification of currency translation adjustments to net income (loss)(11,250)— — Benefit obligations:Pension and post retirement adjustments, net of tax410 870 870 Other comprehensive (loss) income(20,299)6,425 (13,964)Total comprehensive loss(80,078)(190,546)(40,548)Comprehensive loss (income)