BWX Technologies Q4 2021 Earnings Report
Key Takeaways
BWX Technologies reported a 6% increase in revenue for Q4 2021, reaching $592 million. GAAP EPS increased by 83% to $1.26, and non-GAAP EPS increased by 28% to $0.95. The company is consolidating its reporting segments into Government Operations and Commercial Operations.
Q4 2021 revenue increased by 6% to $592 million compared to Q4 2020.
GAAP net income for Q4 2021 was $117 million, or $1.26 per diluted share, compared to $65.7 million, or $0.69 per diluted share, in the prior-year period.
Non-GAAP net income for Q4 2021 was $88.2 million, or $0.95 per diluted share, compared to $70.9 million, or $0.74 per diluted share, in the prior-year period.
The company generated $160 million of cash from operating activities in Q4 2021, compared with $48.3 million in the prior-year period.
BWX Technologies
BWX Technologies
Forward Guidance
BWXT anticipates revenue and adjusted EBITDA growth of 3% to 4% in 2022, with a non-GAAP EPS range of $3.05 to $3.25 and cash from operations between $260 million and $290 million.
Positive Outlook
- Revenue up 3% to 4% vs. 2021
- Adjusted EBITDA up 3% to 4% vs. 2021
- Non-GAAP EPS range of $3.05 to $3.25
- Cash from operations of $260 million to $290 million