• Babcock & Wilcox posted first-quarter revenue of $214.4 million, up 44% year over year, while net loss from continuing operations widened to $79.6 million on $81.8 million of non-cash warrant and stock appreciation rights valuation costs.
• Adjusted EBITDA rose to $16.1 million, more than tripling from a year earlier.
• Bookings climbed to $2.5 billion as backlog increased to $2.7 billion, while total global pipeline grew 17% to more than $14 billion.
• Net debt fell 87% to $42.4 million, with $194.8 million of cash, cash equivalents and restricted cash against $237.2 million of secured debt and bonds.
• Management cited rising interest from AI data center and hyperscaler customers, reiterated full-year 2026 adjusted EBITDA target of $80 million to $100 million, and said the Base Electron project remains on track with manufacturing underway and permitting started.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Babcock & Wilcox Enterprises Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001630805-26-000028), on May 11, 2026, and is solely responsible for the information contained therein.