---
schema_version: "secwatch.filing_event.v1"
accession: "0001630805-24-000004"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:38:55.638631+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# B&W Q4 2023 net loss $54.3M; full-year revenue up 18% to $999.4M; reiterates FY2024 EBITDA target

## Summary
- Q4 revenue $227.2M (-4% YoY); net loss $54.3M incl. $38M pension MTM; Adjusted EBITDA $19.5M.
- FY2023 revenue $999.4M (+18% YoY); net loss $78.6M; Adjusted EBITDA $79.1M (+17%).
- Environmental segment Q4 revenue +58% YoY; Thermal +9%; Renewable -33%.
- New $150M senior secured credit facility completed; expects annual interest savings ~$5M.
- Going concern doubt raised due to solar contract losses; company believes sufficient liquidity.

## SEC filing metadata
- accession: 0001630805-24-000004
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000163080524000004/0001630805-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000163080524000004/bw-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630805-24-000004
- JSON: https://secwatch.observer/filing/0001630805-24-000004.json
- Plain text: https://secwatch.observer/filing/0001630805-24-000004.txt

## Key facts
- Earnings Releases
  Babcock & Wilcox Enterprises, Inc. reported the fiscal year ended December 31, 2023 results: revenue $999.4 million, net income $78.6 million, EPS $1.05. Guidance reaffirmed.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $999.4 million
  - Net income: $78.6 million
  - EPS: $1.05
  - Guidance: reaffirmed
  - Result: reported results
  source text: Full Year 2023 Continuing Operations Summary: – Revenues of $999.4 million, an 18% improvement compared to 2022 – Net loss of $78.6 million, including non-cash items of $38.0 million, primarily related to pension mark-to-market adjustments, compared to a net loss of $20.0 million in 2022, which included a mark-to-market gain of $7.7 million – Loss per share of $1.05, including non-cash items of $0.43, primarily related to pension mark-to-market adjustments, compared to a loss per share of $0.35 in 2022, which included a mark-to-market gain of $0.09
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000163080524000004/0001630805-24-000004-index.htm
- Earnings Releases
  Babcock & Wilcox Enterprises, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $227.2 million, net income $54.3 million, EPS $0.65. Guidance reaffirmed.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $227.2 million
  - Net income: $54.3 million
  - EPS: $0.65
  - Guidance: reaffirmed
  - Result: reported results
  source text: Q4 2023 Continuing Operations Financial Highlights – Revenues of $227.2 million, declined when compared to the fourth quarter of 2022, primarily due to the completion of several lower margin renewable projects – Net loss of $54.3 million, including non-cash items of $38.0, million primarily related to pension mark-to-market adjustments, compared to net income of $2.5 million in the fourth quarter of 2022, which included a mark-to-market gain of $7.7 million – Loss per share of $0.65, including non-cash items of $0.43, primarily related to pension mark-to-market adjustments, compared to a loss per share of $0.02 in the fourth quarter of 2022, which included a mark-to-market gain of $0.09
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000163080524000004/0001630805-24-000004-index.htm

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