Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 121

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 Statements. We committed to a plan to sell our B&W Solar business (formerly part of our B&W Renewable segment) and classified the assets and liabilities of this business as held for sale. In addition, we also determined that the operations of the B&W Solar business qualified as a discontinued operation, primarily based upon its significance to our current and historic operating losses. We continue to meet the criteria to account for the B&W Solar business as held for sale and discontinued operations as of September 30, 2025.

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The following tables summarize the operating results of the disposal groups included in discontinued operations in the Condensed Consolidated Statements of Operations:Three Months Ended September 30, 2025(in thousands)SolarVølundDiamond PowerTotalRevenues$2,116 $2,764 $8,085 $12,965     Cost of operations2,783 4,206 5,596 12,585 Selling general and administrative expenses4,202 1,387 7,653 13,242 Research and development costs— 20 (39)(19)Impairment of long-lived assets14 — — 14 Total costs and expenses6,999 5,613 13,210 25,822 Operating loss(4,883)(2,849)(5,125)(12,857)Other (expense) income(106)178 58 130 Loss from discontinued operations before tax(4,989)(2,671)(5,067)(12,727)Expense from income taxes— 12 2,977 2,989 Gain on divestiture— — 53,166 53,166 (Loss) income from discontinued operations, net of tax(4,989)(2,683)45,122 37,450 Less: Net income attributable to non-controlling interest from discontinued operations— — 16 16 (Loss) income attributable to stockholders from discontinued operations$(4,989)$(2,683)$45,106 $37,434 Nine Months Ended September 30, 2025(in thousands)SolarBWRSVølundDiamond PowerTotalRevenues$12,149 $— $4,815 $63,053 $80,017        Cost of operations24,050 — 16,811 40,595 81,456 Selling general and administrative expenses7,360 — 6