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Dec 31, 2024
BWX Technologies Q4 2024 Earnings Report
BWX Technologies reported strong fourth-quarter earnings with revenue growth and a solid non-GAAP EPS.
Key Takeaways
BWX Technologies, Inc. delivered a solid Q4 2024 performance with revenue of $746.3 million, a GAAP EPS of $0.77, and a non-GAAP EPS of $0.92. The company posted a net income of $71.1 million and an operating income of $92.3 million. Strong commercial operations growth offset slight declines in government operations. Free cash flow increased significantly by 31% year-over-year.
Q4 2024 revenue increased to $746.3 million, up 3% year-over-year.
GAAP EPS rose to $0.77, while non-GAAP EPS declined to $0.92.
Net income for the quarter was $71.1 million, up 7% from Q4 2023.
Free cash flow saw a significant increase of 31% year-over-year.
Revenue by Segment
Forward Guidance
BWX Technologies expects continued revenue and earnings growth in 2025, supported by strong backlog and commercial operations expansion.
Positive Outlook
- 2025 non-GAAP EPS guidance of $3.40 - $3.55, indicating growth.
- Revenue expected to reach approximately $3.0 billion in 2025.
- Adjusted EBITDA projected between $550 - $570 million.
- Free cash flow forecasted to increase to $265 - $285 million.
- Recent acquisitions to enhance growth and operational capabilities.
Challenges Ahead
- Higher corporate expenses impacting profitability.
- Slight decline in government operations revenue in Q4 2024.
- Impact of restructuring and transformation costs on margins.
- Potential supply chain challenges affecting execution timelines.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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