Babcock & Wilcox Enterprises, Inc. Earnings Per Share Disclosure
| Year ended December 31, | |||||||||||||||||
| (in thousands, except per share amounts) | 2024 | 2023 | 2022 | ||||||||||||||
Net loss from continuing operations | $ | (72,962) | $ | (75,794) | $ | (14,186) | |||||||||||
Net (loss) income attributable to non-controlling interest | (136) | (237) | 3,723 | ||||||||||||||
| Less: Dividend on Series A preferred stock | 14,859 | 14,858 | 14,860 | ||||||||||||||
Loss from continuing operations attributable to stockholders of common stock | (87,957) | (90,889) | (25,323) | ||||||||||||||
Income (loss) from discontinued operations, net of tax | 13,183 | (121,177) | (12,398) | ||||||||||||||
Net loss attributable to stockholders of common stock | (74,774) | (212,066) | (37,721) | ||||||||||||||
Weighted average shares used to calculate basic and diluted loss per share | 91,717 | 89,011 | 88,256 | ||||||||||||||
Basic and diluted (loss) income per share | |||||||||||||||||
| Continuing operations | $ | (0.96) | $ | (1.02) | $ | (0.29) | |||||||||||
| Discontinued operations | 0.14 | (1.36) | (0.14) | ||||||||||||||
Basic and diluted loss per share | $ | (0.82) | $ | (2.38) | $ | (0.43) | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 31, 2025 | Showing above |
| 2023 | Mar 15, 2024 | |
| 2022 | Mar 16, 2023 | |
| 2021 | Mar 8, 2022 | |
| 2018 | Apr 2, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 25, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.