BABCOCK & WILCOX ENTERPRISES, INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $587.7M | $581.0M | $587.4M | $609.4M | $710.9M | $566.3M | $859.1M | $1.06B |
| Cost of Revenue | $443.8M | $454.3M | $466.0M | $464.3M | $535.8M | $400.5M | $698.9M | $1.19B |
| Gross Profit | $143.9M | $126.7M | $121.5M | $145.1M | $175.0M | $165.9M | $160.3M | $-129.6M |
| Gross Margin | 24.5% | 21.8% | 20.7% | 23.8% | 24.6% | 29.3% | 18.7% | -12.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | $3.8M | $1.6M | $4.4M | $2.9M | $3.8M |
| SG&A Expense | $119.5M | $124.5M | $134.9M | $152.7M | $151.8M | $141.7M | $151.1M | $204.7M |
| Operating Income | $20.7M | $-6.3M | $-20.1M | $-1.2M | $19.4M | $-1.7M | $-29.4M | $-426.6M |
| Operating Margin | 3.5% | -1.1% | -3.4% | -0.2% | 2.7% | -0.3% | -3.4% | -40.2% |
| Interest Expense | $4.5M | $46.1M | $42.6M | $39.8M | $39.5M | $59.8M | $94.9M | $49.6M |
| Pretax Income | $-24.6M | $-91.5M | $-103.6M | $-5.1M | $27.3M | $-3.9M | $-124.4M | $-555.8M |
| Income Tax Expense | $8.3M | $12.8M | $5.6M | $9.1M | $-2.0M | $8.2M | $5.3M | $102.2M |
| Net Income | $-36.2M | $-59.9M | $-197.2M | $-22.9M | $30.9M | $-10.3M | $-122.0M | $-725.3M |
| Net Margin | -6.2% | -10.3% | -33.6% | -3.8% | 4.3% | -1.8% | -14.2% | -68.3% |
| EPS (Basic) | $-0.48 | $-0.82 | $-2.38 | $-0.43 | $0.26 | $-0.21 | $-3.87 | $-52.45 |
| EPS (Diluted) | $-0.48 | $-0.82 | $-2.38 | $-0.43 | $0.26 | $-0.21 | $-3.87 | $-52.45 |
| Shares Outstanding (Basic) | 105.4M | 91.7M | 89.0M | 88.3M | 82.4M | 48.7M | 31.5M | 16.9M |
| Shares Outstanding (Diluted) | 105.4M | 91.7M | 89.0M | 88.3M | 83.6M | 48.7M | 31.5M | 16.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |