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Jun 30, 2022
BWX Technologies Q2 2022 Earnings Report
Reported a robust second quarter with revenue up 10% and GAAP EPS up 32%.
Key Takeaways
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.
Second quarter revenue of $554 million, up 10%.
GAAP and non-GAAP EPS of $0.82, up 32%.
Net income of $74.6 million, up 26%; adjusted EBITDA of $114.7 million, up 26%.
Commenced work on first advanced microreactor in the U.S. for the Department of Defense.
BWX Technologies
BWX Technologies
BWX Technologies Revenue by Segment
Revenue by Segment
Government Operations Revenue
CapyFin.comCommercial Operations Revenue
CapyFin.com Forward Guidance
BWXT increased guidance for revenue, adjusted EBITDA and capital expenditures and narrowed guidance for non-GAAP EPS.
Positive Outlook
- Revenue up 6.5% to 8.0% vs. 2021
- Adjusted EBITDA up 5.0% to 6.5% vs. 2021
- Non-GAAP EPS: $3.08 to $3.23
- Cash from operations: $260 million to $290 million
- Capital expenditures: $195 million to $210 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income