Babcock & Wilcox Enterprises (BW) Registration Filing summary

Company overview and business model

• Operates as a global provider of renewable, environmental, and thermal technologies with over 155 years of experience serving industrial, utility, municipal, and other customers.

• Business is organized into three segments: Renewable (hydrogen, waste-to-energy, biomass), Environmental (emissions control, decarbonization), and Thermal (steam generation, aftermarket services).

• Focuses on clean energy, emissions reduction, and supporting customers' energy transition needs across 30 countries.

Financial performance and metrics

• Incorporates by reference audited financial statements for the years ended December 31, 2023 and 2022, and quarterly reports for 2024.

• Deloitte & Touche LLP issued an unqualified opinion on financial statements and an adverse opinion on internal control over financial reporting.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including debt reduction, working capital, acquisitions, clean energy initiatives, and capital expenditures.

• Pending specific use, funds may be invested in short-term marketable securities or used to reduce short-term debt.