---
schema_version: "secwatch.filing_event.v1"
accession: "0001630805-25-000009"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:53:28.943854+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# B&W posts Q4 2024 revenue $200.8M (+15% YoY); flags substantial doubt on going concern due to near-term debt maturities

## Summary
- Q4 net loss $45.0M ($0.52/share), improved from $58.3M loss; adjusted EBITDA $23.9M vs $15.4M.
- Full year 2024 revenue $717.3M (stable); adjusted EBITDA $68.9M, up 13% YoY.
- Backlog $540.1M (+47%), bookings $889.6M (+39%); guidance FY2025 adj. EBITDA $70-85M.
- Total debt $473.9M, cash $127.6M; ABL facility ($124.4M drawn) due Nov 2025, senior notes $193M due Feb 2026.
- Going concern uncertainty cited; company pursuing asset sales and bondholder negotiations to reduce debt.

## SEC filing metadata
- accession: 0001630805-25-000009
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000163080525000009/0001630805-25-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000163080525000009/bw-20250331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630805-25-000009
- JSON: https://secwatch.observer/filing/0001630805-25-000009.json
- Plain text: https://secwatch.observer/filing/0001630805-25-000009.txt

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