Babcock & Wilcox 2026年季度报告

FORM 10-Q OR BABCOCK & WILCOX ENTERPRISES, INC. Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller LargeacceleratedfilerNon-accelerated filer Accelerated filer☒Smallerreportingcompany☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The number of shares of the registrant's common stock outstanding at May6, 2026 was 136,212,501. Item 1.Condensed Consolidated Financial StatementsCondensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (Unaudited)Condensed Consolidated Statements of Comprehensive Loss for the Three Months Ended March31, 2026 and 2025 (Unaudited)Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 (Unaudited)8Condensed Consolidated Statements of Stockholders' Deficit for the Three Months Ended March31, 2026 and 2025 (Unaudited)9 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 202610 Definitions In this Quarterly Report on Form 10-Q, or this "Quarterly Report", unless the context otherwise indicates, "B&W," "we," "us," "our" orthe "Company" mean Babcock & Wilcox Enterprises, Inc. and its consolidated subsidiaries. Unless otherwise noted, discussion of ourbusiness and results of operations in this Quarterly Report on Form 10-Q refers to our continuing operations. ***** Cautionary Statement Concerning Forward-Looking Information ***** This Quarterly Report on Form 10-Q, including Management's Discussion and Analysis of Financial Condition and Results ofOperations, contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of theExchange Act. All statements other than statements of historical or current fact included in this Quarterly Report are forward-lookingstatements. You should not place undue reliance on these statements. Forward-looking statements may include words such as "expect,""intend," "plan," "likely," "seek," "believe," "project," "forecast," "target," "goal," "potential," "estimate," "may," "might," "will," The forward-looking statements included herein are made only as of the date hereof. We undertake no obligation to publicly update orrevise any forward-looking statement as a result of new information, future events, or otherwise, except as required by law. Theseforward-looking statements are based on management's current expectations and involve a number of risks and uncertainties,including, but not limited to: the potential for future conditions that could raise substantial doubt as to our ability to continue as agoing concern, which has occurred in the past; our obligation to refinance or repay our 6.50% Senior Notes due 2026 prior to theirmaturity; risks associated with contractual pricing in our industry; disputes with customers with long-term contracts; the performanceof third parties' and subcontractors' on whom we rely; disruptions at our or third-party manufacturing facilities; our ability to executeour growth strategy; our evaluation of strategic alternatives; our ability to deliver our backlog on time or at all; professional liability,product liability, warranty or other claims; inadequate insurance coverage; our ability to compete successfully against current andfuture competitors; our development of new products; cyclical and economic impacts on demand for our products; compliance withgovernment regulations; legislative and regulatory developments impacting our business; supply chain issues; the financial and othercovenants in our debt agreements; our ability to maintain adequate bonding and letter of credit capacity; impairment to our goodwill orother indefinite-lived intangible assets; our exposure to credit risk; disruptions in, or failures of, our information technology systems,including those related to cybersecurity; failure to comply with data and privacy laws, r