Babcock & Wilcox 2024年度报告

FORM10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Commission File No.001-36876 BABCOCK & WILCOX ENTERPRISES, INC.(Exact name of registrant as specified in its charter) Delaware47-2783641(State or other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.) Akron,Ohio44305(Address of Principal Executive Offices)(Zip Code) Registrant's Telephone Number, Including Area Code:(330)753-4511 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒ 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),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ 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 theregistrant was required to submit such files).Yes☒No☐ 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," "smallerreporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Largeacceleratedfiler☐Non-accelerated filer☐ 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 has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ The aggregate market value of the registrant's common stock held by non-affiliates of the registrant on the last business day of theregistrant's most recently completed second fiscal quarter (based on the closing sales price on the New York StockExchange onJune28, 2024) was approximately $71.9million. The number of shares of the registrant's common stock outstanding at March10, 2025 was98,404,024. DOCUMENTS INCORPORATED BY REFERENCE In accordance with General Instruction G(3) of Form 10-K, certain information required by Part III hereof will either be incorporatedinto this Form 10-K by reference to our Definitive Proxy Statement for our Annual Meeting of Shareholders filed within 120 days ofDecember31, 2024 or will be included in an amendment to this Form 10-K filed within 120 days of December31, 2024. PART I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety DisclosuresPART II.Item 5.Market for Registrant's Common Equity, Related Stockholder Mattersand Issuer Purchase ofEquity SecuritiesItem 6.ReservedItem 7.Management's Discussion and Analysis of Financial Condition and Results of OperationOverviewResults of Operations - Years Ended December 31, 2024, 2023 and 2022Liquidity and Capital ResourcesCritical Accounting Policies and EstimatesItem 7A.Quantitative and Qualitative Disclosures about Market RiskItem 8.Consolidated Financial Statements and Supplemental DataReport of Independent Registered Public Accounting FirmConsolidated Statements of Operations for the Years Ended December 31, 2024, 2023, and2022Consolidated Statements of Comprehensive (Loss) Income for the Years Ended December31, 2024, 2023, and 2022Consolidated Balance She