secwatch.observer — SEC 8-K summary
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Issuer:     Babcock & Wilcox Enterprises, Inc. (BW)
CIK:        0001630805
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001630805-24-000071
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

B&W Q3 2024 revenue $209.9M, net loss narrows to $0.16/sh; adj EBITDA rises to $22.3M
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- Revenue $209.9M vs $239.4M (ex-divested BWRS: +$4.6M); net loss $11.1M ($0.16/sh) vs $12.3M ($0.18/sh) in Q3 2023.
- Adjusted EBITDA $22.3M vs $20.0M in Q3 2023; FY2024 EBITDA target $91M-$95M excluding BrightLoop/ClimateBright.
- Implied backlog $628.2M (+48% YoY); YTD bookings $543.9M (+27%); received full notice to proceed on $246M Indiana gas conversion project.
- Completed SPIG/GMAB sale for $33.7M net; combined $116M from two asset sales in 2024 to strengthen balance sheet.
- Operating loss includes $5.8M non-cash impairment on SPIG sale and $4.9M settlement to exit loss-generating maintenance contract.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1630805/000163080524000071/0001630805-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1630805/000163080524000071/bw-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001630805-24-000071

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