BWX Technologies Q1 2024 Earnings Report
Key Takeaways
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.
Revenues for Q1 2024 reached $604.0 million.
Net income for Q1 2024 stood at $68.5 million, with an adjusted EBITDA of $115.2 million.
Diluted GAAP EPS for Q1 2024 was $0.75, while non-GAAP EPS was $0.76.
BWXT announced the expansion of its Cambridge manufacturing plant to support the CANDU and Small Modular Reactor markets.
BWX Technologies
BWX Technologies
Forward Guidance
BWXT reaffirmed all components of its 2024 financial guidance, expecting revenue to be greater than $2.6 billion, adjusted EBITDA around $500 million, non-GAAP earnings per share between $3.05 and $3.20, and free cash flow between $225 million and $250 million.
Positive Outlook
- Revenue >$2,600 million
- Adjusted EBITDA ~$500 million
- Non-GAAP Earnings Per Share $3.05 - $3.20
- Free Cash Flow $225 - $250 million