Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 31

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 compensation charges126 1 — — 1,273 (16)— — — 1,258 Dividends to preferred stockholders— — — — — — (3,715)— — (3,715)Common stock offering, net2,404 24 — — 2,033 — — — — 2,057 Balance at June 30, 202492,010 $5,174 7,669 $77 $1,550,977 $(115,180)$(1,569,889)$(70,088)$585 $(198,344)Net loss— $— — $— $— $— $(5,332)$— $1 $(5,331)Currency translation adjustments— — — — — — — 3,241 (10)3,231 Pension and postretirement adjustments, net of tax— — — — — — — 231 — 231 Stock-based compensation charges372 6 — — 1,062 (258)— — — 810 Dividends to preferred stockholders— — — — — — (3,715)— — (3,715)Balance at September 30, 202492,382 $5,180 7,669 $77 $1,552,039 $(115,438)$(1,578,936)$(66,616)$576 $(203,118)

See accompanying notes to the Condensed Consolidated Financial Statements.

10

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

Nine Months Ended September 30,(in thousands)20252024Operating Activities:  Net loss from continuing operations$(22,399)$(43,562)Net (loss) income from discontinued operations(23,008)46,804 Net (loss) income$(45,407)$3,242   Adjustments to reconcile net (loss) income to net cash used in operating activities:  Depreciation and amortization of long-lived assets7,754 13,736 Impairment of long-lived assets9,917 5,838