BWX Technologies Q4 2022 Earnings Report
Key Takeaways
BWX Technologies reported a 5% increase in consolidated revenue for the fourth quarter, driven by growth in Government Operations which offset headwinds in the Commercial Operations segment. The company faces labor pressures that are expected to detract from its full potential in 2023.
4Q22 diluted GAAP EPS of $0.47, diluted non-GAAP EPS of $0.93, on revenue of $624.2 million
4Q22 net income of $43.0 million, adjusted EBITDA of $130.1 million
Initiated 2023 guidance in-line with prior outlook commentary
Increased quarterly cash dividend to $0.23 per share
BWX Technologies
BWX Technologies
Forward Guidance
BWXT announced its expectations for fiscal year 2023 financial results, providing revenue guidance of ~$2.4 billion, adjusted EBITDA of ~$475 million, non-GAAP Earnings Per Share of between $2.80 and $3.00, and Free Cash Flow of ~$200 million.