Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 117

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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repaid the outstanding balance on the revolving credit portion of the Credit Facility, leaving $81.1 million of borrowing power under the facility (described in Note 13 to the Condensed Consolidated Financial Statements);•signed the Ninth Amendment to the Credit Agreement to extend the maturity date of the Credit Facility to November 30, 2026 (described in Note 13 to the Condensed Consolidated Financial Statements); and•are actively in discussions with certain parties to further divest non-core assets. We cannot provide any assurances that such transaction will close or that proceeds will not be more or less than we anticipate.Based on our ability to raise funds through the actions noted above and our Cash and cash equivalents as of 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)