{"schema_version":"secwatch.filing_event.v1","accession":"0001630805-25-000021","form_type":"8-K","ticker":"BW","cik":"0001630805","company_name":"Babcock & Wilcox Enterprises, Inc.","filed_at":"2025-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.130404+00:00","generated_at":"2026-05-21T23:44:54.557651+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"B&W Q1 revenue $181.2M (+10% YoY), Adj EBITDA $14.3M; bond exchange reduces debt but going concern noted","bullets":["Revenue $181.2M (+10% YoY), net loss $7.8M improved from $12.8M, EPS loss $0.11 vs $0.19.","Adjusted EBITDA $14.3M, up 27% from $11.3M; record Global Parts & Service Q1 bookings revenue and EBITDA.","Bond exchange: $131.8M bonds replaced with $100.8M new 5-year bonds due 2030, reducing annual interest by $1.1M.","Backlog $526.8M (+47% YoY); bookings $167.0M (+11%).","Cash $116.8M, total debt $473.6M; $108.4M notes due Feb 2026 current; going concern doubt noted."],"urls":{"canonical":"https://secwatch.observer/filing/0001630805-25-000021","json":"https://secwatch.observer/filing/0001630805-25-000021.json","markdown":"https://secwatch.observer/filing/0001630805-25-000021.md","text":"https://secwatch.observer/filing/0001630805-25-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1630805/000163080525000021/0001630805-25-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1630805/000163080525000021/bw-20250512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T23:44:54.557651+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}