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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0001464790 XXXXXXXX LIVE 19 Common Stock, par value $0.01 03/31/2025 false 0001630805 05614L100 Babcock & Wilcox Enterprises, Inc. 1200 E. Market Street, Suite 650 Akron OH 44305 Bryant R. Riley (818) 884-3737 B. Riley Financial, Inc. 11100 Santa Monica Boulevard, Suite 800 Los Angeles CA 90025 0001464790 N B. Riley Financial, Inc. AF N DE 0.00 11873160.00 0.00 11873160.00 11873160.00 N 12.1 HC Percent of class is calculated based on 98,404,024 shares of common stock, par value $0.01 (the "Common Stock"), of Babcock & Wilcox Enterprises, Inc. (the "Issuer") outstanding as of March 10, 2025, as reported by the Issuer in its Quarterly Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") on March 31, 2025 (the "10-K"). 0001880803 N BRF Investments, LLC WC N DE 0.00 11873160.00 0.00 11873160.00 11873160.00 N 12.1 OO Percent of class is calculated based on 98,404,024 shares of Common Stock outstanding as of March 10, 2025, as reported by the Issuer in the 10-K. 0001207269 N Bryant R. Riley PF N X1 1373213.00 11873160.00 1373213.00 11873160.00 13246373.00 N 13.5 IN Percent of class is calculated based on 98,404,024 shares of Common Stock outstanding as of March 10, 2025, as reported by the Issuer in the 10-K. Common Stock, par value $0.01 Babcock & Wilcox Enterprises, Inc. 1200 E. Market Street, Suite 650 Akron OH 44305 This Amendment No. 19 (this "Amendment") amends and supplements the Schedule 13D filed on November 30, 2018, as amended by Amendment No. 1 to Schedule 13D, filed with the Securities and Exchange Commission (the "SEC") on April 10, 2019, Amendment No. 2 to the Schedule 13D, filed with the SEC on May 7, 2019, Amendment No. 3 to Schedule 13D, filed with the SEC on July 23, 2019, Amendment No. 4 to Schedule 13D, filed with the SEC on July 29, 2019, Amendment No. 5 to the Schedule 13D, filed with the SEC on May 20, 2020, Amendment No. 6 to Schedule 13D, filed with the SEC on June 11, 2020, Amendment No. 7 to Schedule 13D, filed with the SEC on July 2, 2020, Amendment No. 8 to Schedule 13D, filed with the SEC on September 10, 2020, Amendment No. 9 to Schedule 13D, filed with the SEC on October 2, 2020, Amendment No. 10 to Schedule 13D, filed with the SEC on January 27, 2021, Amendment No. 11 to Schedule 13D, filed with the SEC on February 10, 2021, Amendment No. 12 to Schedule 13D, filed with the SEC on March 26, 2021, Amendment No. 13 to Schedule 13D, filed with the SEC on October 29, 2021, Amendment No. 14 to Schedule 13D, filed with the SEC on December 26, 2023, Amendment No. 15 to Schedule 13D, filed with the SEC on January 22, 2024, Amendment No. 16 to Schedule 13D, filed with the SEC on April 17, 2024, Amendment No. 17 to Schedule 13D, filed with the SEC on July 15, 2024 , and Amendment No. 18 to Schedule 13D, filed with the SEC on September 25, 2024 (as amended, the "Schedule 13D"), by the Reporting Persons relating to the common stock, par value $0.01 (the "Common Stock"), of Babcock & Wilcox Enterprises, Inc. (the "Issuer"). Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment. Capitalized terms used but not defined in this Amendment have the respective meanings set forth in the Schedule 13D. All references in the Schedule 13D and this Amendment to the "Statement" will be deemed to refer to the Schedule 13D as amended and supplemented by this Amendment. Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: As previously disclosed, on March 11, 2025, BRF effected a transaction pursuant to which BRF separated B. Riley Securities Holding, Inc. ("BRSH"), the parent company of BRS, from BRF. As a result of the transaction, BRS implemented its own operating and governance structure and established a board of directors independent from BRF. As a result, BRF is no longer the beneficial owner of the Shares held by BRS. (1) As of the date hereof, BRFI beneficially owned directly 11,873,160 shares of Common Stock, representing 12.1% of the Issuer's Common Stock. BRF is the parent company of BRFI. As a result, BRF may be deemed to indirectly beneficially own the Shares held BRFI. (2) Bryant R. Riley may beneficially own 1,373,213 shares of Common Stock representing 1.4% of the Issuer's Common Stock, of which (i) 1,155,382 shares are held jointly with his wife, Carleen Riley, (ii) 45,436 shares are held as sole custodian for the benefit of Abigail Riley, (iii) 45,801 shares are held as sole custodian for the benefit of Charlie Riley, (iv) 45,431 shares are held as sole custodian for the benefit of Eloise Riley, (v) 43,810 shares are held as sole custodian for the benefit of Susan Riley, and (vi) 37,353 shares are held in Bryant R. Riley's 401(k) account. Bryant R. Riley may also beneficially own 11,873,160 shares of Common Stock, representing 12.1% of the Issuer's Common Stock, outstanding and held directly by BRFI in the manner specified in paragraph (1) above. Bryant R. Riley disclaims beneficial ownership of the shares held by BRFI in each case except to the extent of his pecuniary interest therein. The information contained on the cover pages to this Amendment is incorporated by reference herein. None. Not applicable. Item 6 of the Schedule 13D is hereby amended and supplemented by the addition of the following: The Reporting Persons' response to Item 4 is incorporated by reference into this Item 6. B. Riley Financial, Inc. /s/ Bryant Riley Bryant Riley/Co-Chief Executive Officer 04/02/2025 BRF Investments, LLC /s/ Bryant Riley Bryant Riley/Authorized Signatory 04/02/2025 Bryant R. Riley /s/ Bryant R. Riley Bryant R. Riley 04/02/2025