---
schema_version: "secwatch.filing_event.v1"
accession: "0001630805-23-000027"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:48:11.429876+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# B&W Q3 revenue +13% to $239.4M, adj EBITDA $20.0M; strategic realignment with $30M cost savings

## Summary
- Q3 continuing ops revenue $239.4M (+13% YoY); net loss $12.3M ($0.18 loss per share) vs loss $0.15 prior.
- Consolidated adjusted EBITDA $20.0M (up from $13.0M YoY); Thermal segment revenue +17% to $107.0M.
- FY2023 adj EBITDA target $85-90M (ex BrightLoop/ClimateBright); FY2024 target $100-110M.
- Strategic realignment: annualized cost savings >$30M; refinancing $150M credit facility; evaluating non-strategic asset sales.
- Appointed Dr. Naomi Boness to board; Joseph Buckler, SVP Clean Energy, departed effective Nov 6, 2023.

## SEC filing metadata
- accession: 0001630805-23-000027
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000163080523000027/0001630805-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000163080523000027/bw-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630805-23-000027
- JSON: https://secwatch.observer/filing/0001630805-23-000027.json
- Plain text: https://secwatch.observer/filing/0001630805-23-000027.txt

## Key facts
- Earnings Releases
  Babcock & Wilcox Enterprises, Inc. reported third quarter ended September 30, 2023 results: revenue $239.4 million, net income Net loss of $12.3 million, EPS Loss per share of $0.18. Guidance lowered.
  - Period: third quarter ended September 30, 2023
  - Revenue: $239.4 million
  - Net income: Net loss of $12.3 million
  - EPS: Loss per share of $0.18
  - Guidance: lowered
  - Result: reported results
  source text: regarding non-strategic assets • Announced decision to reclassify B&W Solar out of continuing operations Q3 2023 Continuing Operations Financial Highlights – Revenues of $239.4 million, a 13% improvement compared to the third quarter of 2022 – Net loss of $12.3 million, compared to a net loss of $12.8 million in the third quarter of 2022 – Loss per share of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000163080523000027/0001630805-23-000027-index.htm
- Executive change
  Joseph Buckler departed as Senior Vice President, Clean Energy at Babcock & Wilcox Enterprises, Inc..
  - Action: departed
  - Role: Senior Vice President, Clean Energy
  source text: the Company and Joseph Buckler, Senior Vice President, Clean Energy of the Company, agreed that Mr. Buckler will depart from the Company effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000163080523000027/0001630805-23-000027-index.htm
- Executive change
  Naomi Boness was appointed as director at Babcock & Wilcox Enterprises, Inc..
  - Action: appointed
  - Role: director
  source text: Dr. Naomi Boness was appointed to the board of directors (the “Board”) of the Company, effective November 9, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000163080523000027/0001630805-23-000027-index.htm

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