---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-088845"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:07:53.119119+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Babcock & Wilcox Q2 revenue $305.2M (+38% YoY); adjusted EBITDA $21.9M beats expectations

## Summary
- Revenue $305.2M (+38% YoY); net loss $5.0M vs adjusted net loss of $10.4M in prior year.
- Consolidated adjusted EBITDA $21.9M vs $15.9M (excl. $7M gain) in Q2 2022; company exceeded expectations.
- Thermal segment revenue $158.0M (+36%), Renewable $98.9M (+31%), Environmental $48.7M (+54%).
- Backlog $566.5M; targeting $850M-$1B by year-end; global project pipeline exceeds $9B.
- BrightLoop hydrogen technology targets $1B bookings by 2028, initial operations late 2024.

## SEC filing metadata
- accession: 0001104659-23-088845
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000110465923088845/0001104659-23-088845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000110465923088845/tm2323125d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-088845
- JSON: https://secwatch.observer/filing/0001104659-23-088845.json
- Plain text: https://secwatch.observer/filing/0001104659-23-088845.txt

## Key facts
- Earnings Releases
  Babcock & Wilcox Enterprises, Inc. reported second quarter of 2023 results: revenue $305.2 million, net income $5.0 million, EPS $0.10. Guidance reaffirmed.
  - Period: second quarter of 2023
  - Revenue: $305.2 million
  - Net income: $5.0 million
  - EPS: $0.10
  - Guidance: reaffirmed
  - Result: reported results
  source text: Including BrightLoop, Pipeline expanded to over $9 billion in identified global project opportunities, from $8 billion previously Q2 2023 Highlights and Outlook: – Revenues of $305.2 million, a 38% improvement compared to the second quarter of 2022 – Net loss of $5.0 million, compared to a net loss of $3.0 million ($10.4 million loss when excluding a noncash
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000110465923088845/0001104659-23-088845-index.htm

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