Babcock & Wilcox published its FY 2025 annual report on Form 10-K, reporting revenue of USD 587.68 million, up 5.14%. Operating income was USD 20.74 million, compared with an operating loss in FY 2024. Loss from continuing operations narrowed to USD 32.85 million, down 68.51%, driven by improved gross profit from product mix, lower benefit plan expense, and reduced interest expense following debt repayments and refinancing. Total interest expense was USD 37.53 million, down 18.67%, reflecting lower revolving credit borrowings and the full redemption of 8.125% senior notes, as well as reductions in 6.50% senior notes. FY 2025 bookings were USD 549.6 million, down 26.86%, and backlog was USD 423.6 million, down 14.46%.
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