secwatch.observer — SEC 8-K summary
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Issuer:     Babcock & Wilcox Enterprises, Inc. (BW)
CIK:        0001630805
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001104659-26-023138
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

B&W Q4 loss narrows to $3.5M, Adj EBITDA up 53%; signs $2.4B AI data center contract
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630805/000110465926023138/0001104659-26-023138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630805/000110465926023138/tm267910d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-023138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer