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Mar 31, 2023
BWX Technologies Q1 2023 Earnings Report
BWX Technologies reported seasonally strong results in Q1 2023, driven by favorable timing and strong execution in Government Operations.
Key Takeaways
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.
1Q23 revenue reached $568.4 million.
1Q23 net income was $61.0 million, with adjusted EBITDA of $110.7 million.
1Q23 diluted GAAP EPS was $0.67, and non-GAAP EPS was $0.70.
BWXT reaffirmed its 2023 guidance.
BWX Technologies
BWX Technologies
Forward Guidance
BWXT reaffirmed all components of its 2023 financial guidance.
Positive Outlook
- Revenue: ~$2,400 million
- Adjusted EBITDA: ~$475 million
- Adjusted Pre-tax Income: ~$350 million
- Non-GAAP Earnings Per Share: $2.80 - $3.00
- Free Cash Flow: ~$200 million