Babcock & Wilcox Enterprises, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
BW$4.48+18.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Condensed Consolidated Financial Statements
Part I
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in thousands, except per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Revenues | $290,795 | $139,226 | $824,925 | $426,680 |
| Costs and expenses: | ||||
| Cost of operations | 245,947 | 105,876 | 689,984 | 324,108 |
| Selling, general and administrative expenses | 30,541 | 29,124 | 108,615 | 90,760 |
| Research and development costs | 551 | 295 | 1,973 | 1,585 |
| Impairment of long-lived assets | — | — | — | 950 |
| (Gain) loss on asset disposals, net | (39) | 557 | 445 | 730 |
| Total costs and expenses | 277,000 | 135,852 | 801,017 | 418,133 |
| Operating income | 13,795 | 3,374 | 23,908 | 8,547 |
| Other (expense) income: | ||||
| Interest expense | (4,094) | (8,500) | (13,549) | (30,534) |
| Interest income | 1,285 | 356 | 2,675 | 1,133 |
| (Loss) gain on debt extinguishment | (569) | 1,730 | (628) | 1,730 |
| Benefit plans, net | 429 | (783) | 1,285 | (2,338) |
| Foreign exchange | (1,239) | (1,271) | (1,336) | (83) |
| Change in fair value of customer warrants | 85,144 | — | 20,760 | — |
| Other income (expense), net | 156 | (281) | (497) | (877) |
| Total other income (expense) | 81,112 | (8,749) | 8,710 | (30,969) |
| Income (loss) from continuing operations before income tax expense | 94,907 | (5,375) | 32,618 | (22,422) |
| Income tax expense | 1,395 | 780 | 4,473 | 6,725 |
| Income (loss) from continuing operations | 93,512 | (6,155) | 28,145 | (29,147) |
| Income (loss) from discontinued operations, net of tax | 398 | 41,247 | 3,075 | (16,260) |
| Net income (loss) attributable to stockholders | 93,910 | 35,092 | 31,220 | (45,407) |
| Less: Dividend on Series A Preferred Stock | 3,715 | 3,715 | 11,145 | 11,145 |
| Net income (loss) attributable to stockholders of common stock | $90,195 | $31,377 | $20,075 | $(56,552) |
| Basic earnings (loss) per share: | ||||
| Continuing operations | $0.61 | $(0.10) | $0.12 | $(0.41) |
| Discontinued operations | — | 0.40 | 0.02 | (0.16) |
| Basic earnings (loss) per share | $0.61 | $0.30 | $0.14 | $(0.57) |
| Diluted earnings (loss) per share: | ||||
| Continuing operations | $0.02 | $(0.10) | $(0.05) | $(0.41) |
| Discontinued operations | — | 0.40 | 0.02 | (0.16) |
| Diluted earnings (loss) per share | $0.02 | $0.30 | $(0.03) | $(0.57) |
| Shares used in the computation of earnings (loss) per share: | ||||
| Basic | 147,275 | 103,047 | 141,170 | 99,918 |
| Diluted | 158,739 | 103,047 | 149,030 | 99,918 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands) | 2026 | 2025 | 2026 | 2025 |
| Net income (loss) attributable to stockholders | $93,910 | $35,092 | $31,220 | $(45,407) |
| Other comprehensive income (loss): | ||||
| Currency translation adjustments | 18 | 4,170 | (1,750) | 6,769 |
| Reclassification of currency translation adjustments to net income (loss) | — | 13,981 | — | 66,627 |
| Pension and postretirement adjustments, net of tax | — | 124 | — | 371 |
| Other comprehensive income (loss) | 18 | 18,275 | (1,750) | 73,767 |
| Total comprehensive income | 93,928 | 53,367 | 29,470 | 28,360 |
| Comprehensive income attributable to non-controlling interest | — | — | — | (23) |
| Comprehensive income attributable to stockholders | $93,928 | $53,367 | $29,470 | $28,337 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.