---
schema_version: "secwatch.filing_event.v1"
accession: "0001630805-22-000041"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:46:15.145343+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Babcock & Wilcox Q3 2022 revenue up 34% to $214.9M but net loss $20.6M; guides Q4 EBITDA $25-30M

## Summary
- Revenue $214.9M (+34% YoY); bookings $227M (+31%); backlog $730M (+35%).
- Net loss $20.6M vs income $13.6M; loss per share $0.24 vs EPS $0.12; adj EBITDA $13.1M vs $18.9M.
- Renewable segment rev $81.7M (+115%) but adj EBITDA fell from $11.4M to $4.5M due to project delays and $7.2M solar impairment.
- Targets: Q4 2022 adj EBITDA $25-30M; FY2023 adj EBITDA $100-120M; pipeline $7.8B.
- Global supply chain and Ukraine war continue to impact project timing and costs.

## SEC filing metadata
- accession: 0001630805-22-000041
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1630805/000163080522000041/0001630805-22-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000163080522000041/bw-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630805-22-000041
- JSON: https://secwatch.observer/filing/0001630805-22-000041.json
- Plain text: https://secwatch.observer/filing/0001630805-22-000041.txt

## Key facts
- Earnings Releases
  Babcock & Wilcox Enterprises, Inc. reported the third quarter ended September 30, 2022 results: revenue $214.9 million, net income $(20.6) million, EPS $(0.24). Guidance initiated.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $214.9 million
  - Net income: $(20.6) million
  - EPS: $(0.24)
  - Guidance: initiated
  - Result: reported results
  source text: News Release Babcock & Wilcox Enterprises Reports Third Quarter 2022 Results Q3 2022 Highlights and Outlook: – Revenues of $214.9 million, a 34% improvement compared to the third quarter of 2021 – Net loss of $20.6 million, compared to a net income of $13.6 million in the third quarter of 2021 – Changes in year over year net income primarily relate to several non-recurring and non-operational items which account for $25 million of the change from 2021 – Loss per share of $0.24, compared to earnings per share of $0.12 in the third quarter of 2021 – Bookings of $227 million, a 31% improvement compared to third quarter bookings in 2021 – Ending backlog of $730 million, a 35% increase compared to backlog at the end of the third quarter of 2021 – Expanded pipeline to $7.8 billion of identified global project and upgrade opportunities – Consolidated adjusted EBITDA of $13 .1 million , compared to $18.9 million in the third quarter of 2021 – Fourth Quarter 2022 Adjusted EBITDA target of $25 m
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000163080522000041/0001630805-22-000041-index.htm

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