---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-057967"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:30:01.501635+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Babcock & Wilcox Q1 revenue $257.2M (+26%), adjusted EBITDA $14.2M, reiterates FY target

## Summary
- Revenue $257.2M (+26% YoY); net loss $12.5M vs $8.7M loss; loss per share $0.18 vs $0.14.
- Adj. EBITDA $14.2M vs $12.5M (+13.6%); bookings $266M (+11%), backlog $663M (+15%).
- Renewable segment rev $100.1M (+47%), Environmental $39.4M (+13%), Thermal $119.2M (+17%).
- FY 2023 adj. EBITDA target of $100-120M reaffirmed; BrightLoop hydrogen project with Black Hills Energy announced.

## SEC filing metadata
- accession: 0001104659-23-057967
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000110465923057967/0001104659-23-057967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000110465923057967/tm2315174d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-057967
- JSON: https://secwatch.observer/filing/0001104659-23-057967.json
- Plain text: https://secwatch.observer/filing/0001104659-23-057967.txt

## Key facts
- Earnings Releases
  Babcock & Wilcox Enterprises, Inc. reported for the quarter ended March 31, 2023 results: revenue $257.2 million, net income net loss of $12.5 million, EPS loss per share of $0.18. Guidance reaffirmed.
  - Period: for the quarter ended March 31, 2023
  - Revenue: $257.2 million
  - Net income: net loss of $12.5 million
  - EPS: loss per share of $0.18
  - Guidance: reaffirmed
  - Result: reported results
  source text: Babcock & Wilcox Enterprises Reports First Quarter 2023 Results · Revenues, bookings, backlog, and Adjusted EBITDA significantly improved compared to the first quarter of 2022 and exceeded Company expectations Q1 2023 Highlights and Outlook: – Revenues of $257.2 million, a 26% improvement compared to the first quarter of 2022 – Net loss of $12.5 million, compared to a net loss of $8.7 million in the first quarter of 2022 – Loss per share of $0.18, compared to a loss per share of $0.14 in the first quarter of 2022 – Consolidated adjusted EBITDA of $14.2 million, compared to $12.5 million in the first quarter of 2022 – Bookings of $266 million, an 11% improvement compared to first quarter bookings in 2022 – Ending backlog of $663 million, over a 15% increase compared to backlog at the end of the first quarter of 2022 – Reiterates Full Year 2023 Adjusted EBITDA target of $100 million to $120 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000110465923057967/0001104659-23-057967-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.