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Jun 30, 2023
BWX Technologies Q2 2023 Earnings Report
Second quarter results exceeded expectations due to exceptional performance in Commercial Operations and solid execution in commercial nuclear and medical businesses.
Key Takeaways
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.
Second quarter revenue reached $612.4 million.
Net income for the second quarter was $58.7 million, with an adjusted EBITDA of $107.0 million.
Diluted GAAP EPS for the second quarter was $0.64, and non-GAAP EPS was $0.65.
BWXT was selected to provide the nuclear system and fuel for DARPA's DRACO project.
BWX Technologies
BWX Technologies
BWX Technologies Revenue by Segment
Revenue by Segment
Government Operations Revenue
CapyFin.comCommercial Operations Revenue
CapyFin.com Forward Guidance
BWXT reaffirmed its 2023 guidance for increased adjusted EBITDA and free cash flow, and narrowed its guidance range for non-GAAP EPS to $2.85-$3.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income