---
schema_version: "secwatch.filing_event.v1"
accession: "0001630805-26-000028"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2026-05-11T23:59:59+00:00"
generated_at: "2026-05-14T18:42:50.187303+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Babcock & Wilcox Q1 revenue up 44% to $214.4M; Adj EBITDA $16.1M, +296% YoY; net debt cut to $42.4M

## Summary
- Revenue $214.4M, +44% YoY; adjusted EBITDA $16.1M (+296% YoY), both ahead of consensus.
- Net loss from continuing ops $79.6M includes $81.8M non-cash warrant costs; adjusted net income was $2.2M.
- Bookings $2.5B (+1,971%), backlog $2.7B (+483%); pipeline >$14B (+17%).
- Net debt reduced 87% to $42.4M; repaid $15M of Dec 2026 bonds, plans to retire remaining in 2026.
- Full-year 2026 adjusted EBITDA target reiterated at $80M-$100M.

## SEC filing metadata
- accession: 0001630805-26-000028
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2026-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1630805/000163080526000028/0001630805-26-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000163080526000028/bw-20260511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001630805-26-000028
- JSON: https://secwatch.observer/filing/0001630805-26-000028.json
- Plain text: https://secwatch.observer/filing/0001630805-26-000028.txt

## Source-grounded claims
- claim_id: a7143b79f7a6ef5b5f56d437c6ef11aee14cfbf7
  claim: Babcock & Wilcox Enterprises, Inc. reported the quarter ended March 31, 2026 results: revenue $214.4 million, net income Net loss from continuing operations was $79.6 million, EPS Loss per share ... was $0.62. Guidance reaffirmed.
  evidence_excerpt: by specific reference in such filing. --- EX-99.1 (EX-99.1) --- News Release Babcock & Wilcox Enterprises Reports First Quarter 2026 Results • Revenue in the first quarter of $214.4 million, a 44% increase compared to the same period of 2025, ahead of consensus street expectations • Net loss from continuing operations was $79.6 million in the first quarter, of which
  evidence_url: https://www.sec.gov/Archives/edgar/data/1630805/000163080526000028/0001630805-26-000028-index.htm

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