Recent 8-K filings for BW

• May 22, 2026, 4:15 PM ET other material materiality 0.60 neutral item 5.02item 5.07item 9.01

  Babcock & Wilcox stockholders reject board declassification, approve LTIP share increase

  Two governance proposals (board declassification, removal of 80% vote requirement) failed to get needed 80% approval.

• May 18, 2026, 4:10 PM ET other material materiality 0.70 neutral item 1.01item 7.01item 9.01

  Babcock & Wilcox prices $200M common stock offering at $18.50/share

  Priced 10,810,811 shares at $18.50/share for ~$200M gross; underwriters have 30-day option for 1,621,621 additional shares.

• May 14, 2026, 5:13 PM ET other material materiality 0.70 neutral item 7.01item 9.01

  Babcock & Wilcox announces $200M common stock offering for debt prepayment and growth

  Offering of $200M of common stock; underwriters have 30-day option to purchase additional 15%.

• May 11, 2026, 7:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01 ◈ Earnings Releases

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

  Revenue $214.4M, +44% YoY; adjusted EBITDA $16.1M (+296% YoY), both ahead of consensus.

• March 4, 2026, 6:59 PM ET other material materiality 0.90 positive item 1.01item 2.02item 7.01item 8.01item 9.01 ◈ Material Agreements

  B&W Q4 loss narrows to $3.5M, Adj EBITDA up 53%; signs $2.4B AI data center contract

  Q4 revenue $161M (flat YoY); operating income $12.2M vs $2.6M; Adj EBITDA $16.4M (+53% YoY).

• November 7, 2025, 6:59 PM ET other material materiality 0.65 positive item 7.01item 9.01

  Babcock & Wilcox raises $67.5M via ATM equity offering, pauses program

  Raised $67.5M including ~$50M from a single fundamental global institutional investor.

• November 5, 2025, 6:59 PM ET other material materiality 0.85 negative item 1.01item 9.01

  Babcock & Wilcox enters $200M ATM equity distribution agreement with B. Riley, Lake Street

  Sales Agreement signed Nov 4, 2025; up to $200M of common stock may be sold via ATM offerings.

• November 4, 2025, 6:59 PM ET earnings materiality 0.85 positive item 1.01item 2.02item 3.02item 8.01item 7.01item 9.01

  B&W Q3 operating income +315% to $6.5M; signs $1.5B AI data center LNTP with Applied Digital

  Q3 operating income $6.5M (+315% YoY); Adj EBITDA $12.6M (+59% YoY); revenue $149M vs $152.6M.

• August 11, 2025, 7:59 PM ET earnings materiality 0.90 positive item 2.02item 7.01item 9.01

  B&W Q2 net loss narrows to $6.1M; adj. EBITDA $15.1M beats Street; sells Diamond Power for $177M

  Revenue $144.1M (down 5% YoY); net loss from continuing ops $6.1M vs $20.1M loss; EPS loss $0.10 vs $0.26.

• August 4, 2025, 7:59 PM ET M&A materiality 0.70 neutral item 2.01item 7.01item 9.01 ◈ M&A Transactions

  Babcock & Wilcox closes sale of Diamond Power International to Andritz AG for $177M

  Closed sale of Diamond Power International to Andritz AG for ~$177M base purchase price, subject to adjustments.

• June 5, 2025, 7:59 PM ET M&A materiality 0.85 positive item 1.01item 7.01item 9.01

  Babcock & Wilcox sells Diamond Power to Andritz for $177M; expects close in ~30 days

  Base purchase price $177M, subject to customary adjustments; sale includes ~400 employee transfer.

• May 21, 2025, 7:59 PM ET debt materiality 0.70 neutral item 1.01item 2.03item 9.01

  BW exchanges $132M of 2026 senior notes for $101M of 8.75% secured notes due 2030

  Exchanged ~$48M of 6.50% Senior Notes due 2026 and ~$84M of 8.125% Senior Notes due 2026 for ~$101M new 8.75% Second Lien Notes due 2030.

• May 12, 2025, 7:59 PM ET debt materiality 0.65 neutral item 8.01item 9.01

  B&W exchanges $131.8M of 2026 notes for $100.8M of new 8.75% notes due 2030

  Exchange includes ~$84M of 8.125% Senior Notes due Feb 2026 and ~$48M of 6.50% Senior Notes due Dec 2026.

• May 12, 2025, 7:59 PM ET earnings materiality 0.85 negative item 2.02item 7.01item 9.01

  B&W Q1 revenue $181.2M (+10% YoY), Adj EBITDA $14.3M; bond exchange reduces debt but going concern noted

  Revenue $181.2M (+10% YoY), net loss $7.8M improved from $12.8M, EPS loss $0.11 vs $0.19.

• May 5, 2025, 7:59 PM ET M&A materiality 0.60 neutral item 1.01item 2.01item 9.01

  BW subsidiary sells majority of assets to Kanadevia Inova for $15M plus DKK 400k and $5M loan

  Base purchase price $15M + 400k DKK; additional contingent payments if Buyer enters certain project agreements within 5 years.

• April 10, 2025, 7:59 PM ET other material materiality 0.75 negative item 3.01item 4.01item 7.01item 9.01

  B&W receives NYSE non-compliance notice; Deloitte replaced by BDO as auditor

  NYSE: avg closing price below $1.00 over 30 consecutive trading days; six-month cure period to regain compliance.

• March 31, 2025, 7:59 PM ET earnings materiality 0.90 negative item 2.02item 7.01item 9.01

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

  Q4 net loss $45.0M ($0.52/share), improved from $58.3M loss; adjusted EBITDA $23.9M vs $15.4M.

• December 2, 2024, 6:59 PM ET leadership materiality 0.60 neutral item 5.02item 8.01item 9.01

  Babcock & Wilcox CFO Salamone to step down Dec 31, 2024; Frymyer named new CFO

  Louis Salamone steps down as EVP/CFO effective Dec 31, 2024; enters consulting agreement with $29,166 monthly fee and $525,000 signing bonus.

• November 12, 2024, 6:59 PM ET earnings materiality 0.75 neutral item 2.02item 7.01item 9.01

  B&W Q3 2024 revenue $209.9M, net loss narrows to $0.16/sh; adj EBITDA rises to $22.3M

  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.

• November 5, 2024, 6:59 PM ET M&A materiality 0.70 neutral item 2.01item 8.01item 7.01item 9.01

  B&W closes sale of SPIG and GMAB for ~€36.7M ($40M) to Auctus Capital Partners

  Base purchase price ~€36.7M (approx $40M), subject to customary adjustments and expenses.

• October 10, 2024, 7:59 PM ET M&A materiality 0.70 positive item 1.01item 7.01item 9.01

  Babcock & Wilcox sells SPIG and Vølund for ~$40M to reduce debt

  Base purchase price €36.7M (~$40M) in cash at closing, subject to customary adjustments and expenses.

• August 8, 2024, 7:59 PM ET earnings materiality 0.75 positive item 2.02item 7.01item 9.01

  B&W Q2 net income $25.2M; adj EBITDA $23.3M beats expectations; reiterates FY 2024 guidance

  Revenue $233.6M, down YoY; net income $25.2M vs $0.6M, boosted by $83.5M gain from sale of Denmark renewable subsidiary.

• July 10, 2024, 7:59 PM ET debt materiality 0.70 neutral item 1.01item 2.03

  Babcock & Wilcox amends credit agreement to govern proceeds from asset sales

  Second Amendment consents to asset sales; proceeds must first repay $10M revolver, $15M pension, $10M L/Cs, $1.6M to PNC.

• July 1, 2024, 7:59 PM ET M&A materiality 0.75 positive item 1.01item 2.01item 7.01item 9.01

  Babcock & Wilcox sells Denmark renewable services subsidiary to Hitachi Zosen Inova for $87M

  Sale closed June 28, 2024; base purchase price ~$87M cash, subject to customary adjustments and fees.

Earnings & guidance

Materiality & sentiment trend

Max materiality 0.90 · Median 0.53 · Most common event other_material

10 positive 4 negative 36 neutral

source · BW on sec.gov