Babcock & Wilcox Enterprises, Inc. — fact timeline

Babcock & Wilcox Enterprises, Inc. entered into Underwriting Agreement with B. Riley Securities, Inc., as representative of the several underwriters (effective 2026-05-14).

“On May 14, 2026, Babcock & Wilcox Enterprises, Inc., a Delaware corporation (the “Company”) entered into an an underwriting agreement, dated May 14, 2026 (the “Underwriting Agreement”), by and among the Company and B. Riley Securities, Inc., as representative of the several underwriters (the “Underwriters”), relating to its previously announced underwritten offering (the “Offering”) of 10,810,811 shares of the Company’s common stock, par value $0.01 per share (“Common Stock”).”

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.

“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”

Babcock & Wilcox Enterprises, Inc. reported financial results for the fourth quarter and full year ended December 31, 2025.

“On March 4, 2026, the Company issued a press release announcing its financial results for the quarter and fiscal year ended December 31, 2025.”

Babcock & Wilcox Enterprises, Inc. entered into Definitive Agreement with Base Electron, Inc., an Applied Digital Company valued at up to $2.4 billion (effective 2026-02-26).

“On February 26, 2026, Babcock & Wilcox Enterprises, Inc. (the “Company”), through its wholly-owned subsidiary, The Babcock & Wilcox Company (“BWC”), entered into a definitive Design-Build Agreement (the “Definitive Agreement”) with Base Electron, Inc., an Applied Digital Company (“Base Electron”)”

Babcock & Wilcox Enterprises, Inc. amended Tenth Amendment to Credit Agreement and Amendment to Security Agreement with Axos Bank valued at Amendment to Credit Agreement to increase borrowing availability based on inventory and receivables, (effective 2026-02-25).

“On February 25, 2026, Babcock & Wilcox Enterprises, Inc. (the “Company”) with certain subsidiaries of the Company as guarantors, BRC Group Holdings, Inc. (formerly known as B. Riley Financial, Inc.) (“BRC”), the lenders party to the Credit Agreement (as defined below), and Axos Bank (“Axos”), as administrative agent, entered into the Tenth Amendment to Credit Agreement and Amendment to Security Agreement (the “Tenth Amendment”), to that certain Credit Agreement, dated as of January 18, 2024 (as amended, restated, modified, or supplemented from time to time, the “Credit Agreement”).”

Babcock & Wilcox Enterprises, Inc. amended credit facility with Axos Bank maturing January 18, 2028.

“Pursuant to the Tenth Amendment, Axos and the Lenders party to the Credit Agreement agreed to amend certain provisions of the Credit Agreement to, among other things, (i) increase the amounts available to be borrowed based on inventory and receivables in the borrowing base under the Credit Agreement; (ii) extend the maturity date of the Credit Agreement to January 18, 2028; (iii) suspend the PBGC Reserve (provided that the PBGC Reserve shall be re-imposed in the amount of $3,000,000 on January 1, 2027 unless the Company has provided evidence to Axos that the $3,000,000 installment due to the PBGC on or prior to September 15, 2026 has been paid); (iv) modify the covenants relating to deposit account control agreements and institutions to allow for certain holdings in foreign currencies; and (v) release BRC as a specified guarantor thereunder.”

Babcock & Wilcox Enterprises, Inc. issued exercisable to purchase 2,600,000 shares of Common Stock of warrant to Applied Digital Corporate for exercise price of $4.11.

“(ii) a warrant (the “Initial Warrant”) exercisable to purchase 2,600,000 shares of Common Stock (the “Initial Warrant Shares”) at an exercise price of $4.11”

Babcock & Wilcox Enterprises, Inc. issued 500,000 shares of common stock of common stock to Applied Digital Corporate for purchase price of $2,057,000.

“the Company issued to Applied Digital Corporate (“Applied Digital”), in a private placement, (i) 500,000 shares of common stock, par value $0.01 per share (the “Common Stock”) for a purchase price of $2,057,000”

Babcock & Wilcox Enterprises, Inc. completed a disposition involving Andritz AG for approximately $177 million (closed 2025-07-31).

“things, Andritz AG assumed all obligations of Andritz China under the Purchase Agreement. The total base purchase price paid pursuant to the Purchase Agreement was approximately $177 million, subject to certain offsets and adjustments. The Purchase Agreement also includes an undertaking for the Sellers and their affiliates not to compete with the Diamond business or”

Babcock & Wilcox Enterprises, Inc. amended credit facility with Axos Bank, as administrative agent maturing January 18, 2027.

“The Seventh Amendment, among other things, permits the Exchange, the issuance of the 8.75% Senior Secured Second Lien Notes due 2030 and the transactions contemplated thereby, and amends the maturity date to January 18, 2027; provided that (i) if the Company’s 8.125% senior notes due 2026 are not repaid, defeased, or otherwise satisfied in full or refinanced by November 28, 2025 or the maturity date has not otherwise been extended to a date on or after July 18, 2027, then November 28, 2025, and (ii) if the Company’s 6.50% senior notes due 2026 are not repaid, defeased, or otherwise satisfied in full or refinanced by September 30, 2026, or the maturity date has not otherwise been extended to a date on or after July 18, 2027, then September 30, 2026.”

Babcock & Wilcox Enterprises, Inc. incurred senior notes of approximately $101 million aggregate principal amount with two institutional investors at 8.75% per annum maturing June 30, 2030.

“the Investors exchanged a total of approximately $48 million aggregate principal amount of the Company’s 6.50% Senior Notes due 2026 and approximately $84 million aggregate principal amount of the Company’s 8.125% Senior Notes due 2026 owned by them (the “Exchanged Notes”) for approximately $101 million aggregate principal amount of newly-issued 8.75% Senior Secured Second Lien Notes due 2030”

Babcock & Wilcox Enterprises, Inc. completed a disposition involving Kanadevia Inova Denmark A/S for $15 million plus 400,000 Danish krone (closed 2025-04-29).

“Buyer pursuant to a share purchase agreement (the “SPA” and together with the BTA, the “Purchase Agreements”). The Purchase Agreements provide for a base purchase price equal to $15 million plus 400,000 Danish krone, subject to certain offsets and adjustments, including additional payments to BWAS if the Buyer enters into certain prospective project agreement within”

Babcock & Wilcox Enterprises, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

“April 4, 2025, Babcock & Wilcox Enterprises, Inc. (the “Company”) was notified by the New York Stock Exchange (the “NYSE”) that the average closing price of the Company’s common stock, par value $0.01 per share, over the prior consecutive 30 trading-day period was below $1.00, which is the minimum average closing price required to maintain listing on the NYSE under Section 802.01C of the NYSE Listed Company Manual (the “NYSE Notice”). Pursuant to Section 802.01C, the Company has a period of six months following receipt of the NYSE Notice to regain compliance with the minimum share price requir”

Babcock & Wilcox Enterprises, Inc. dismissed Deloitte & Touche LLP as its auditor.

“On April 4, 2025, the Company, with the approval of the Audit and Finance Committee of the Board of Directors of the Company, dismissed Deloitte and notified Deloitte of its dismissal and decision to change its independent registered public accounting firm.”

Babcock & Wilcox Enterprises, Inc. completed a disposition involving Auctus Neptune Holding S.p.A. for approximately €36.7 million (closed 2024-10-30).

“S.p.A. (the “Buyer” and the agreement governing such sale, the “Purchase Agreement”). The total base purchase price paid pursuant to the Purchase Agreement was approximately €36.7 million, subject to certain adjustments for specified indemnity obligations or specified payments, dividends, encumbrances, releases, share issuances or other payments made (or”

Babcock & Wilcox Enterprises, Inc. completed a disposition involving Hitachi Zosen Inova AG for approximately $87 million (closed 2024-06-28).

“agreement, the “Purchase Agreement”). The sale of BWRS to the Buyer was completed the same day. The Purchase Agreement provides for a base purchase price equal to approximately $87 million, subject to certai n debt and working capital upward or downward adjustments. The Purchase Agreement also includes customary representations and warranties regarding BWRS and its”

Babcock & Wilcox Enterprises, Inc. reported the quarter ended March 31, 2024 results: revenue $207.6 million, net income Net loss of $15.8 million, EPS Loss per share of $0.22. Guidance raised.

“reference in such filing. --- EX-99.1 (EX-99.1) --- News Release Babcock & Wilcox Enterprises Reports First Quarter 2024 Results • Exceeded expectations with Revenue of $207.6 million and Operating Income of $4.3 million • Increased Full Year 2024 Adjusted EBITDA target range to $105.0 million to $115.0 million, excluding BrightLoop TM and ClimateBright TM”

Babcock & Wilcox Enterprises, Inc. entered into Sales Agreement with B. Riley Securities, Inc., Seaport Global Securities LLC, Craig-Hallum Capital Group LLC and Lake Street Capital Markets, LLC valued at up to $50,000,000 (effective 2024-04-10).

“On April 10, 2024, Babcock & Wilcox Enterprises, Inc. (the “Company”) entered into a sales agreement (the “Sales Agreement”) with B. Riley Securities, Inc., Seaport Global Securities LLC, Craig-Hallum Capital Group LLC and Lake Street Capital Markets, LLC (the “Agents”), in connection with the offer and sale from time to time by the Company of shares of the Company’s common stock, having an aggregate offering price of up to $50,000,000 (the “Shares”) through the Agents.”

Babcock & Wilcox Enterprises, Inc. updated its Full-Year 2024 guidance (raised).

“Babcock & Wilcox Announces Increased Full-Year Adjusted EBITDA Target of $105 Million to $115 Million”

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.

“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”

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.

“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”

Babcock & Wilcox Enterprises, Inc. incurred credit facility of up to $150 million asset-based revolving credit facility with Axos Bank at SOFR plus 5.25% if the outstanding principal amount of loans is equal to or less maturing January 18, 2027.

“(the “Credit Agreement”). Capitalized terms used but not defined herein have the meaning given to them in the Credit Agreement. The Credit Agreement provides for an up to $150 million asset-based revolving credit facility (with availability subject to a borrowing base calculation), including a $100 million letter of credit sublimit. The obligations of the”

Babcock & Wilcox Enterprises, Inc. entered into Credit Agreement with Axos Bank valued at up to $150 million (effective 2024-01-18).

“On January 18, 2024, Babcock & Wilcox Enterprises, Inc. (the "Company") entered into that certain Credit Agreement, with certain subsidiaries of the Company as guarantors, the lenders party thereto from time to time and Axos Bank ("Axos"), as administrative agent, swingline lender and letter of credit issuer (the "Credit Agreement").”

Babcock & Wilcox Enterprises, Inc. amended credit facility of reduced from $110,000,000 to $100,000,000 with PNC Bank, National Association.

“Agreement, among other things, amends the terms of the Letter of Credit Agreement to (i) reduce the Commitment Amount (as defined in the Letter of Credit Agreement) from $110,000,000 to $100,000,000, (ii) in connection with such reduction, cause PNC as issuer to release $10,000,000 cash collateral (the “Pledged Cash Collateral”) previously pledged by The”

Babcock & Wilcox Enterprises, Inc. reported third quarter ended September 30, 2023 results: revenue $239.4 million, net income Net loss of $12.3 million, EPS Loss per share of $0.18. Guidance lowered.

“regarding non-strategic assets • Announced decision to reclassify B&W Solar out of continuing operations Q3 2023 Continuing Operations Financial Highlights – Revenues of $239.4 million, a 13% improvement compared to the third quarter of 2022 – Net loss of $12.3 million, compared to a net loss of $12.8 million in the third quarter of 2022 – Loss per share of”

Joseph Buckler departed as Senior Vice President, Clean Energy at Babcock & Wilcox Enterprises, Inc..

“the Company and Joseph Buckler, Senior Vice President, Clean Energy of the Company, agreed that Mr. Buckler will depart from the Company effective immediately.”

Naomi Boness was appointed as director at Babcock & Wilcox Enterprises, Inc..

“Dr. Naomi Boness was appointed to the board of directors (the “Board”) of the Company, effective November 9, 2023.”

Babcock & Wilcox Enterprises, Inc. reported second quarter of 2023 results: revenue $305.2 million, net income $5.0 million, EPS $0.10. Guidance reaffirmed.

“Including BrightLoop, Pipeline expanded to over $9 billion in identified global project opportunities, from $8 billion previously Q2 2023 Highlights and Outlook: – Revenues of $305.2 million, a 38% improvement compared to the second quarter of 2022 – Net loss of $5.0 million, compared to a net loss of $3.0 million ($10.4 million loss when excluding a noncash”

Babcock & Wilcox Enterprises, Inc. amended Fourth Amendment to the Revolving Credit Agreement with PNC Bank, National Association (effective 2023-06-26).

“On June 26, 2023, Babcock & Wilcox Enterprises, Inc. (the “Company”), with certain subsidiaries of the Company as guarantors, certain lenders from time to time party to the Revolving Credit Agreement, and PNC Bank, National Association (“PNC”), as administrative agent and swing loan lender to the Revolving Credit, Guaranty and Security Agreement, dated as of June 30, 2021 (the “Revolving Credit Agreement”), entered into the Fourth Amendment to the Revolving Credit Agreement (the “Amended Revolving Credit Agreement”).”

Babcock & Wilcox Enterprises, Inc.: Approved amendment to Certificate of Incorporation to provide for exculpation of officers as permitted by Delaware law (effective 2023-05-23).

“On May 18, 2023, at the 2023 annual meeting of stockholders (the “Annual Meeting”) of Babcock & Wilcox Enterprises, Inc. (the “Company”), the stockholders of the Company approved an amendment (the “Amendment”) to the Company’s Amended and Restated Certificate of Incorporation to provide for exculpation of officers as permitted by the Delaware General Corporation Law. The Amendment became effective immediately upon filing with the Secretary of State of the State of Delaware on May 23, 2023.”

Babcock & Wilcox Enterprises, Inc. shareholders approved Amendment to exculpate officers under DGCL at the 2023-05-18 meeting.

“The stockholders approved an amendment to the Company’s Certificate of Incorporation to provide for the exculpation of officers as permitted by the Delaware General Corporation Law.”

Babcock & Wilcox Enterprises, Inc. shareholders approved Advisory vote on executive compensation at the 2023-05-18 meeting.

“The stockholders approved, on a non-binding basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement.”

Babcock & Wilcox Enterprises, Inc. shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm at the 2023-05-18 meeting.

“The stockholders approved the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023.”

Babcock & Wilcox Enterprises, Inc. shareholders rejected Remove supermajority vote requirement for certain amendments at the 2023-05-18 meeting.

“Proposal 4 : The approval of amendments to the Certificate of Incorporation to remove provisions that require the affirmative vote of holders of at least 80% of the voting power to approve certain amendments to the Certificate of Incorporation and the Company’s Amended and Restated Bylaws did not receive the required affirmative vote of at least 80% of the outstanding shares of the Company’s common stock for approval.”

Babcock & Wilcox Enterprises, Inc. shareholders approved Election of Alan B. Howe and Rebecca L. Stahl as Class II directors at the 2023-05-18 meeting.

“As Proposal 1 was not approved, the stockholders elected Alan B. Howe and Rebecca L. Stahl to serve as Class II directors of the Company, each to serve a term of three years expiring at the Company’s 2026 annual meeting of stockholders.”

Babcock & Wilcox Enterprises, Inc. shareholders rejected Declassification of Board and annual elections at the 2023-05-18 meeting.

“Proposal 1: The approval of amendments to the Company’s Restated Certificate of Incorporation (the “Certificate of Incorporation”) to declassify the Board of Directors of the Company (the “Board”) and provide for annual elections of all directors beginning at the 2024 annual meeting of stockholders, did not receive the required affirmative vote of at least 80% of the outstanding shares of the Company’s common stock for approval.”

Babcock & Wilcox Enterprises, Inc. reported for the quarter ended March 31, 2023 results: revenue $257.2 million, net income net loss of $12.5 million, EPS loss per share of $0.18. Guidance reaffirmed.

“Babcock & Wilcox Enterprises Reports First Quarter 2023 Results · Revenues, bookings, backlog, and Adjusted EBITDA significantly improved compared to the first quarter of 2022 and exceeded Company expectations Q1 2023 Highlights and Outlook: – Revenues of $257.2 million, a 26% improvement compared to the first quarter of 2022 – Net loss of $12.5 million, compared to a net loss of $8.7 million in the first quarter of 2022 – Loss per share of $0.18, compared to a loss per share of $0.14 in the first quarter of 2022 – Consolidated adjusted EBITDA of $14.2 million, compared to $12.5 million in the first quarter of 2022 – Bookings of $266 million, an 11% improvement compared to first quarter bookings in 2022 – Ending backlog of $663 million, over a 15% increase compared to backlog at the end of the first quarter of 2022 – Reiterates Full Year 2023 Adjusted EBITDA target of $100 million to $120 million”

Babcock & Wilcox Enterprises, Inc. reported the third quarter ended September 30, 2022 results: revenue $214.9 million, net income $(20.6) million, EPS $(0.24). Guidance initiated.

“News Release Babcock & Wilcox Enterprises Reports Third Quarter 2022 Results Q3 2022 Highlights and Outlook: – Revenues of $214.9 million, a 34% improvement compared to the third quarter of 2021 – Net loss of $20.6 million, compared to a net income of $13.6 million in the third quarter of 2021 – Changes in year over year net income primarily relate to several non-recurring and non-operational items which account for $25 million of the change from 2021 – Loss per share of $0.24, compared to earnings per share of $0.12 in the third quarter of 2021 – Bookings of $227 million, a 31% improvement compared to third quarter bookings in 2021 – Ending backlog of $730 million, a 35% increase compared to backlog at the end of the third quarter of 2021 – Expanded pipeline to $7.8 billion of identified global project and upgrade opportunities – Consolidated adjusted EBITDA of $13 .1 million , compared to $18.9 million in the third quarter of 2021 – Fourth Quarter 2022 Adjusted EBITDA target of $25 m”