Welcome to our dedicated page for Babcock & Wilcox Enterprises I SEC filings (Ticker: BWSN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The BWSN SEC filings page on Stock Titan provides access to regulatory documents for the Babcock & Wilcox Enterprises, Inc. senior notes trading under the symbol BWSN, along with related issuer filings. Babcock & Wilcox Enterprises, Inc. is an Akron, Ohio–based company that describes itself as a leader in energy and environmental products and services for power and industrial markets worldwide. Its filings under the Securities Exchange Act of 1934 offer detailed information about its securities, including senior notes, preferred stock, and common stock.
For BWSN and related note issues, investors can review Form 8-K current reports that discuss material events such as capital-raising transactions, changes in credit facilities, and other significant developments. For example, 8-K filings reference senior notes due 2026 and outline events like an at-the-market equity offering and a new senior secured credit agreement with Axos Bank. These filings help explain how the issuer manages its capital structure and financing arrangements around its notes.
The filings set also includes Form 25 notifications, such as the Form 25 concerning the removal from listing and/or registration of a class of 8.125% Senior Notes due 2026 on the New York Stock Exchange. This type of document is important for understanding listing status and the regulatory steps taken when a class of notes is struck from an exchange.
On Stock Titan, users can view these SEC filings as they are made available through EDGAR and can use AI-powered summaries to interpret key points. That includes context around senior note terms when disclosed, changes in listing status, and how new credit facilities or capital-raising activities may relate to the BWSN notes. The page is a focused entry point for examining the regulatory record of BWSN within the broader disclosure framework of Babcock & Wilcox Enterprises, Inc.
Neuberger Berman Group LLC filed an amendment to a Schedule 13G/A reporting shared beneficial ownership of 5,277,997 common shares of Babcock & Wilcox Enterprises, Inc., representing 4.7% of the class. The filing attributes 4,712,745 shares (4.2%) to Neuberger Berman Investment Advisers LLC.
The filing explains these holdings arise from fiduciary capacities across affiliated trust and advisory entities and disclaims admission of beneficial ownership by each listed affiliate. The filing states ownership is 5% or less of the class.
Babcock & Wilcox Enterprises reported stronger 2025 results and signed a transformative design-build agreement. The company secured a $2.4 billion contract with Base Electron to deliver four 300‑megawatt natural gas-fired boiler and steam turbine systems to power Applied Digital AI data centers, lifting pro forma backlog to $2.8 billion.
For 2025, revenue from continuing operations was $587.7 million, up slightly from 2024, while operating income improved to $20.7 million from a prior-year loss. Loss from continuing operations narrowed to $32.8 million, and consolidated Adjusted EBITDA rose to $43.7 million, more than double 2024. Year-end backlog excluding the new data center deal was $423.6 million and the global project pipeline exceeded $12.0 billion.
The company ended 2025 with $321.1 million of total debt and $201.4 million of cash, cash equivalents and restricted cash, implying net debt of $119.7 million, after fully repaying bonds due February 2026 and targeting repayment of bonds due December 2026.
Babcock & Wilcox Enterprises, Inc. entered into a Tenth Amendment to its existing Credit Agreement with Axos Bank and other lenders. The amendment extends the credit facility’s maturity date to January 18, 2028, giving the company more time before the loan comes due.
The changes also increase amounts available to be borrowed based on inventory and receivables in the borrowing base, which can enhance liquidity. The lenders agreed to suspend the $3,000,000 PBGC Reserve, with the reserve to be re-imposed on January 1, 2027 unless a $3,000,000 installment due to the PBGC on or prior to September 15, 2026 has been paid. Other updates allow certain foreign-currency holdings in deposit accounts and release BRC Group Holdings, Inc. as a specified guarantor.
Hood River Capital Management LLC has filed a Schedule 13G reporting a significant passive stake in Babcock & Wilcox Enterprises Inc. common stock. As of 12/31/2025, it beneficially owned 10,648,389 shares, representing 9.58% of the company’s common stock.
Hood River reports no voting power over these shares but has sole dispositive power, meaning it can decide when to sell them. The firm certifies the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Babcock & Wilcox.
Babcock & Wilcox Enterprises 10% owner Bryant R. Riley reported a significant insider sale of common stock. On February 11, 2026, Riley executed an open-market sale of 1,155,382 shares of B&W common stock at $9 per share, reducing his directly held position to zero.
According to the filing, these shares were held directly by Riley and were sold to satisfy repayment of debt as described in a related Schedule 13D. The Form 4 is filed jointly with BRC Group Holdings, BRF Investments, and B. Riley Securities, which report large indirect holdings through affiliated entities and accounts.
Babcock & Wilcox Enterprises, Inc. (BW)1,155,382 personally and family‑held BW shares at $9.00 per share to an unaffiliated buyer to repay debt under a credit agreement with Axos Bank. This debt paydown triggers the release of 53.7% of the 3,122,537 BRC Group Holdings, Inc. shares that had been pledged as collateral, with the rest expected to be released within about thirty days.
After the transaction, BRC Group Holdings, Inc. reports indirect beneficial ownership of 27,446,522 BW common shares, or 24.7%, through subsidiaries BRF Investments, LLC (11,873,160 shares, 10.7%) and B. Riley Securities, Inc. (15,573,362 shares, 14.0%). Riley personally beneficially owns 217,831 BW shares and may also be deemed to beneficially own the shares held by BRF Investments and B. Riley Securities, for total beneficial ownership of 27,664,353 shares, or 24.9%, based on 111,100,100 BW shares outstanding. The filing states that the BW position is held for investment, and the reporting persons may buy, retain, sell, or distribute shares over time.
Babcock & Wilcox Enterprises, Inc. is adding a new independent member to its board of directors. On January 21, 2026, the board appointed Dr. Homaira Akbari to serve as a director, effective January 26, 2026.
Dr. Akbari will receive an annual cash retainer and annual stock award under the company’s standard compensation program for non-employee directors. She will also enter into the company’s standard indemnification agreement, which can cover certain expenses such as attorneys’ fees, judgments, fines and settlement amounts related to her board service. The company states she has no family relationships with executives or directors, no appointment arrangements with other parties, and no material related-party transactions requiring disclosure. A press release announcing her appointment is included as an exhibit.
Babcock & Wilcox Enterprises, Inc. reported that Executive Vice President, General Counsel & Corporate Secretary John Dziewisz will step down and leave the company after 30 years of service. His last day as an employee and officer will be May 31, 2026, under a negotiated Separation Agreement and Release of Claims.
Subject to signing and returning the agreement, Mr. Dziewisz will receive $500,000 in severance pay over one year after the separation date, accelerated vesting of previously granted restricted stock units and cash retention bonus opportunities, outplacement services for one year, partial COBRA premium support for three months, and payment of any annual bonus and long-term cash incentive awards earned based on 2025 performance. He will also provide transition support under a consulting arrangement through December 31, 2026, for a monthly fee of $20,000, with either party able to terminate earlier on 90 days’ notice.
Babcock & Wilcox Enterprises, Inc. announced that its board of directors approved a quarterly cash dividend on its 7.75% Series A Cumulative Perpetual Preferred Stock. The dividend is $0.484375 per share on each outstanding share of this preferred stock.
Holders of the preferred shares on the record date of December 19, 2025 will be entitled to receive the dividend, which is scheduled to be paid on December 31, 2025. The 7.75% Series A Cumulative Perpetual Preferred Stock is listed on the New York Stock Exchange under the symbol "BW PRA".
Babcock & Wilcox Enterprises, Inc. has had its 8.125% Senior Notes due 2026 removed from listing and/or registration on the New York Stock Exchange. The NYSE filed a Form 25, stating it has complied with its own rules and the requirements of the Securities Exchange Act of 1934 for striking this class of securities from listing. The filing also notes that the issuer has complied with the exchange’s rules and the applicable SEC regulations governing voluntary withdrawal of this class of notes from listing and registration.