BWX Technologies Earnings Reports

BWX Technologies, Inc. delivered a solid Q4 2024 performance with revenue of $746.3 million, a GAAP EPS of $0.77, and a non-GAAP EPS of $0.92. The company posted a net income of $71.1 million and an operating income of $92.3 million. Strong commercial operations growth offset slight declines in government operations. Free cash flow increased significantly by 31% year-over-year.

BWX Technologies reported a strong third quarter with revenues of $672.0 million and net income of $69.6 million. The company raised its 2024 non-GAAP EPS guidance to approximately $3.20 and provided preliminary 2025 guidance for revenue, non-GAAP EPS, and adjusted EBITDA to grow mid-to-high-single-digits, with free cash flow growth sustained at 10% or higher.

BWX Technologies reported strong second quarter results, exceeding expectations with significant organic growth and efficient execution across all business segments. The company has revised its 2024 non-GAAP EPS guidance upwards due to its year-to-date performance and anticipated progress on key contracts.

BWX Technologies reported first quarter 2024 results with revenues of $604.0 million, net income of $68.5 million, and diluted GAAP EPS of $0.75. The company reaffirms its 2024 non-GAAP EPS guidance of $3.05-$3.20 and is expanding its Cambridge manufacturing plant to enhance capabilities in the global CANDU and Small Modular Reactor markets.

BWX Technologies reported a strong finish to 2023, marked by double-digit revenue and adjusted EBITDA growth, alongside robust free cash flow. The company also initiates 2024 guidance for Non-GAAP EPS of $3.05-$3.20 and adjusted EBITDA of ~$500 million.

BWX Technologies reported third quarter 2023 GAAP net income attributable to BWXT of $60.3 million, or diluted earnings per share (EPS) of $0.66, on third quarter revenues of $590.0 million. Third quarter 2023 non-GAAP net income attributable to BWXT was $61.5 million, or non-GAAP diluted EPS of $0.67. Third quarter 2023 adjusted EBITDA was $106.5 million.

BWX Technologies reported strong second-quarter results, exceeding expectations with revenues of $612.4 million, a net income of $58.7 million, and a non-GAAP EPS of $0.65. The company is narrowing its 2023 non-GAAP EPS guidance to $2.85-$3.00.

BWX Technologies reported a solid start to 2023 with strong operational performance. First quarter revenue was $568.4 million, net income was $61.0 million, and diluted GAAP EPS was $0.67. The company reaffirmed its 2023 guidance.

BWX Technologies reported a 5% increase in consolidated revenue for the fourth quarter, driven by growth in Government Operations which offset headwinds in the Commercial Operations segment. The company faces labor pressures that are expected to detract from its full potential in 2023.

BWX Technologies reported Q3 2022 revenue of $523.7 million with a net income of $61.8 million and diluted EPS of $0.67. Strong performance in Commercial Operations and cost control offset challenges in Government Operations. The company is narrowing its 2022 guidance but expects strong revenue and EBITDA growth in 2023.

BWX Technologies reported a strong second quarter with a 10% increase in revenue and a 26% increase in net income. The company is increasing its 2022 revenue and adjusted EBITDA guidance.

BWX Technologies reported first quarter 2022 revenue of $531 million, a slight increase compared to the previous year. GAAP net income was $59.0 million, or $0.64 per diluted share. The company reiterated its 2022 guidance.

BWX Technologies reported a 6% increase in revenue for Q4 2021, reaching $592 million. GAAP EPS increased by 83% to $1.26, and non-GAAP EPS increased by 28% to $0.95. The company is consolidating its reporting segments into Government Operations and Commercial Operations.

BWX Technologies reported Q3 2021 revenue of $499 million, a 4% decrease compared to Q3 2020. GAAP net income was $59.9 million, or $0.63 per diluted share, while non-GAAP net income was $72.0 million, or $0.76 per diluted share. The company returned $166 million to shareholders through share repurchases in Q3 2021 and narrowed its 2021 non-GAAP EPS guidance to the low end of the initial range.

BWX Technologies reported second quarter 2021 revenue of $505 million, consistent with the previous year. Net income was $59.3 million, or $0.62 per diluted share. The company reiterated its 2021 non-GAAP earnings guidance of $3.05 to $3.20 per share.

BWX Technologies reported a decrease in revenue to $528 million compared to $542 million in the first quarter of 2020. Earnings per share were $0.73. The company highlighted new wins in microreactor programs, agreements and progress in medical isotopes, and the completion of a multi-year pricing agreement with Naval Reactors, contributing to a robust backlog of nearly $5.2 billion.

BWX Technologies reported record revenue of $557 million in Q4 2020, an 11% increase compared to Q4 2019. GAAP net income for the quarter was $65.7 million, or $0.69 per diluted share, while non-GAAP net income was $70.9 million, or $0.74 per diluted share. The company achieved its long-term EPS guidance and issued 2021 guidance with non-GAAP EPS range of $3.05 to $3.20 on low-single digit consolidated revenue growth.

BWX Technologies reported a 3% increase in revenue compared to Q3 2019, with solid performance across all segments. The company increased its 2020 EPS guidance for the second time this year.

BWX Technologies reported a strong second quarter in 2020, with a 7% increase in revenue to $505 million. GAAP EPS grew to $0.67, and non-GAAP EPS reached $0.71. The company has increased its full-year non-GAAP EPS guidance to $2.80 - $2.90.

BWX Technologies reported a strong first quarter with record revenues of $542 million, a 30% increase compared to the previous year. GAAP net income was $75.5 million, or $0.79 per diluted share. The company maintains a robust consolidated backlog of $5.1 billion and reiterated its 2020 non-GAAP EPS guidance of approximately $2.80.

BWX Technologies reported a 5% increase in revenue to $501 million for Q4 2019 compared to Q4 2018. GAAP net income was $61.4 million, or $0.64 per diluted share, while non-GAAP net income was $67.9 million, or $0.71 per diluted share.