BWXT
BWX Technologies, Inc.173.20
-1.17-0.67%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
15.84BP/E (TTM)
51.86Basic EPS (TTM)
3.34Dividend Yield
0.01%Recent Filings
8-K
Q3 revenues surge 29%
BWX Technologies reported third-quarter 2025 revenues of $866.3 million, up 29% year-over-year, fueled by 122% growth in Commercial Operations from nuclear components and acquisitions like A.O.T. and Kinectrics, while Government Operations rose 10% on naval production. Net income hit $82.2 million, with adjusted EBITDA at $151.1 million; backlog soared 119% to $7.4 billion on multi-year special materials deals. Backlog ballooned to $7.4 billion. The company raised 2025 non-GAAP EPS guidance to $3.75-$3.80 and eyed low-teens EBITDA growth in 2026, though federal budget risks loom.
10-Q
Q3 FY2025 results
BWX Technologies posted solid Q3 results, with revenues climbing 28.9% year-over-year to $866.3 million, fueled by 10.1% growth in Government Operations to $616.7 million and a whopping 121.9% surge in Commercial Operations to $251.0 million, thanks to the Kinectrics acquisition. Operating income rose 17.4% to $113.3 million, though Government margins dipped to 15.8% from 18.1% amid integration costs; diluted EPS hit $0.89, up from $0.76, reconciling neatly with 91.8 million shares. Acquisitions drove the show: A.O.T. closed January 2025 for $101.1 million (cash), adding $59.7 million goodwill and $25.1 million intangibles over 8 years, while Kinectrics closed May 2025 for CAD $782.7 million (cash equivalent $441.4 million), recognizing $149.7 million goodwill and $151.3 million intangibles over 20 years. Cash swelled to $79.6 million, operating cash flow reached $352.9 million YTD (free cash flow $238.5 million derived), but total debt ballooned to $1.51 billion with $263.6 million revolver availability. Backlog ballooned to $7.4 billion. Government budget squeezes loom large.
10-Q
Q2 FY2025 results
BWX Technologies posted solid Q2 FY2025 results, with revenues climbing 12.1% year-over-year to $764.0M, fueled by 8.9% growth in Government Operations to $589.0M from uranium processing and nuclear components, while Commercial Operations surged 24.5% to $176.1M thanks to the Kinectrics acquisition. Operating income edged up 3.7% to $102.4M, though Commercial margins dipped to 3.9% amid product mix shifts and acquisition costs; diluted EPS held steady at $0.85, reconciling neatly with 91.7M shares. Acquisitions drove the action: A.O.T. closed January 2025 for $103.3M cash, adding $61.6M goodwill and $25.1M intangibles (6-year life) to enhance advanced materials; Kinectrics closed May 2025 for CAD $782.7M (cash-heavy), recognizing $152.3M goodwill and $134.1M intangibles for nuclear services expansion. Cash from operations hit $209.7M YTD, funding $66.1M capex and yielding $143.6M free cash flow, but total debt swelled to $1.5B with $243.6M revolver availability under compliant covenants. Backlog ballooned to $6.0B. Government budget cuts remain a nagging risk.
8-K
BWXT Q2 beats, raises guidance
BWX Technologies posted Q2 2025 revenues of $764.0 million, up 12% year-over-year, with net income at $78.5 million and adjusted EBITDA of $145.9 million. Government Operations surged 9% on naval nuclear production, while Commercial dipped due to project timing, yet robust bookings pushed backlog to a record $6.0 billion, up 70.2%. The Kinectrics acquisition closed May 20, bolstering capabilities. BWXT raised 2025 guidance to $565-$575 million adjusted EBITDA and $3.65-$3.75 non-GAAP EPS. Backlog execution remains key amid federal budget risks.
8-K
BWXT appoints permanent CFO
BWX Technologies appointed Mike T. Fitzgerald as Senior Vice President, Chief Financial Officer, and Chief Accounting Officer on July 30, 2025, after his interim role since May 12. Fitzgerald, who joined in 2022 as vice president of finance, brings prior experience from MorganFranklin and Deloitte. CEO Rex Geveden praised his strategic vision. This stabilizes leadership amid ongoing operations.
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