Babcock & Wilcox Company ( (BW) ) has released a notification of late filing.
Babcock & Wilcox Enterprises, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the implementation of changes in accounting systems, reclassification of assets, accounting for subsidiaries as held for sale, and ongoing debt restructuring negotiations. Additionally, the company is addressing material weaknesses in its internal control over financial reporting. The company expects to file the report within a 15-day extension period. No significant changes in financial results from the previous year are anticipated. The notification includes forward-looking statements about the expected filing timeline. The company is actively working on compliance efforts, as indicated by the signature of Cameron Frymyer, Executive Vice President and Chief Financial Officer.
More about Babcock & Wilcox Company
YTD Price Performance: -43.93%
Average Trading Volume: 985,853
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $91.49M
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