FORM 4
☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

B. Riley Financial, Inc.		 2. Issuer Name and Ticker or Trading Symbol

Babcock & Wilcox Enterprises, Inc. [ BW ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

11100 SANTA MONICA BLVD, SUITE 800		 3. Date of Earliest Transaction (MM/DD/YYYY)

6/6/2023
(Street)

LOS ANGELES, CA 90025		 4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person
(City)        (State)        (Zip)
Rule 10b5-1(c) Transaction Indication
☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value per share 6/6/2023  P  18417 A$5.5152 419848 D (4) 
Common Stock, $0.01 par value per share 6/6/2023  P  5100 A$5.5113 43561 I By Bryant R. Riley, as UTMA custodian for Abigail Riley (1)(3)
Common Stock, $0.01 par value per share 6/6/2023  P  5615 A$5.5139 43926 I By Bryant R. Riley, as UTMA custodian for Charlie Riley (1)(3)
Common Stock, $0.01 par value per share 6/6/2023  P  5618 A$5.5139 41935 I By Bryant R. Riley, as UTMA custodian for Susan Riley (1)(3)
Common Stock, $0.01 par value per share 6/6/2023  P  5250 A$5.512 43556 I By Bryant R. Riley, as UTMA custodian for Eloise Riley (1)(3)
Common Stock, $0.01 par value per share         37353 I Held in Bryant R. Riley's 401(k) account (1)(3)
Common Stock, $0.01 par value per share         7444465 I By B. Riley Securities, Inc. (1)(2)(3)
Common Stock, $0.01 par value per share         19844174 I By BRF Investments, LLC (1)(2)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
(1) This Form 4 is being filed jointly by B. Riley Financial, Inc., a Delaware corporation ("BRF"), B. Riley Securities, Inc., a Delaware corporation ("BRS"), BRF Investments, LLC, a Delaware corporation ("BRFI"), and Bryant R. Riley.
(2) BRF is the parent company of BRS and BRFI. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRS and BRFI.
(3) Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRS and BRFI. Each of BRF, BRS, BRFI, and Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock reported herein, except to the extent of its/his respective pecuniary interest therein.
(4) Represents shares held directly by Bryant R. Riley.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
B. Riley Financial, Inc.
11100 SANTA MONICA BLVD
SUITE 800
LOS ANGELES, CA 90025
X

B. Riley Securities, Inc.
11100 SANTA MONICA BLVD
SUITE 800
LOS ANGELES, CA 90025
X

BRF Investments, LLC
11100 SANTA MONICA BLVD.
SUITE 800
LOS ANGELES, CA 90025
X

RILEY BRYANT R
11100 SANTA MONICA BLVD.,
SUITE 800
LOS ANGELES, CA 90025
X
Signatures
B. Riley Financial, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer6/7/2023
**Signature of Reporting PersonDate

B. Riley Securities, Inc., by: /s/ Andrew Moore, Chief Executive Officer6/7/2023
**Signature of Reporting PersonDate

BRF Investments, LLC, by: /s/ Phillip Ahn, Authorized Signatory6/7/2023
**Signature of Reporting PersonDate

Bryant R. Riley, by: /s/ Bryant R. Riley6/7/2023
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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