{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-023138","form_type":"8-K","ticker":"BW","cik":"0001630805","company_name":"Babcock & Wilcox Enterprises, Inc.","filed_at":"2026-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.689688+00:00","generated_at":"2026-05-15T21:41:42.938398+00:00","sec_items":["1.01","2.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"B&W Q4 loss narrows to $3.5M, Adj EBITDA up 53%; signs $2.4B AI data center contract","bullets":["Q4 revenue $161M (flat YoY); operating income $12.2M vs $2.6M; Adj EBITDA $16.4M (+53% YoY).","FY 2025 revenue $587.7M (+1.2%); loss from cont ops $32.8M vs $104.3M in 2024; Adj EBITDA $43.7M (+107%).","Backlog $2.8B including the $2.4B project; global pipeline exceeds $12.0B.","Signed full notice to proceed on $2.4B design-build deal with Base Electron (Applied Digital) for 1.2 GW of gas-fired power.","Net debt reduced to $119.7M; paid off Feb 2026 bonds; plans to pay Dec 2026 bonds in 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-023138","json":"https://secwatch.observer/filing/0001104659-26-023138.json","markdown":"https://secwatch.observer/filing/0001104659-26-023138.md","text":"https://secwatch.observer/filing/0001104659-26-023138.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1630805/000110465926023138/0001104659-26-023138-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1630805/000110465926023138/tm267910d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:41:42.938398+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e815eb689b89abeb2f115fa4d98482febb62d6f","claim":"Babcock & Wilcox Enterprises, Inc. entered into Definitive Agreement with Base Electron, Inc., an Applied Digital Company valued at up to $2.4 billion (effective 2026-02-26).","evidence_excerpt":"On February 26, 2026, Babcock & Wilcox Enterprises, Inc. (the “Company”), through its wholly-owned subsidiary, The Babcock & Wilcox Company (“BWC”), entered into a definitive Design-Build Agreement (the “Definitive Agreement”) with Base Electron, Inc., an Applied Digital Company (“Base Electron”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1630805/000110465926023138/0001104659-26-023138-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"supply"},{"label":"Counterparty","value":"Base Electron, Inc., an Applied Digital Company"},{"label":"Value","value":"up to $2.4 billion"},{"label":"Effective","value":"2026-02-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}