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Jun 30, 2024
BWX Technologies Q2 2024 Earnings Report
Second quarter results exceeded expectations due to strong organic growth and execution.
Key Takeaways
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.
Second quarter revenue reached $681.5 million.
Net income for the second quarter was $73.0 million, with an adjusted EBITDA of $126.2 million.
Diluted GAAP EPS for the second quarter was $0.79, and non-GAAP EPS was $0.82.
2024 non-GAAP EPS guidance was revised to $3.10-$3.20.
BWX Technologies
BWX Technologies
Forward Guidance
BWXT reaffirmed its 2024 guidance for Revenue, Adjusted EBITDA, and Free Cash Flow and narrowed its guidance range for Non-GAAP EPS.