Financial Performance - 3Q24 revenues reached $672.0 million, a 14% increase from $590.0 million in 3Q23[1] - 3Q24 net income was $69.6 million, with non-GAAP EPS of $0.83, reflecting a 24% increase from $0.67 in 3Q23[1][3] - Adjusted EBITDA for 3Q24 was $127.0 million, up 19% from $106.5 million in 3Q23[1][3] - For the three months ended September 30, 2024, BWX Technologies reported a net income of $76.7 million, up from $61.5 million in the same period last year, representing a year-over-year increase of 24.5%[24][25] - The diluted earnings per share for Q3 2024 were $0.83, compared to $0.67 in Q3 2023, reflecting a 23.9% increase[24][25] - The company's operating income for Q3 2024 was $105.7 million, an increase from $86.7 million in Q3 2023, marking a growth of 22.8%[24][25] - BWX Technologies' adjusted EBITDA for Q3 2024 was $127.0 million, compared to $106.5 million in Q3 2023, indicating a 19.2% increase[27][28] - Revenues for the three months ended September 30, 2024, increased to $671,956 thousand, up 13.9% from $589,989 thousand in the same period last year[32] - Operating income rose to $96,578 thousand, representing a 13.0% increase compared to $85,358 thousand for the same period last year[32] - Net income attributable to BWX Technologies, Inc. for the three months ended September 30, 2024, was $69,483 thousand, a 15.4% increase from $60,273 thousand in the prior year[32] - Basic and diluted earnings per share for the three months ended September 30, 2024, were both $0.76, compared to $0.66 for the same period last year, reflecting a 15.2% increase[32] Government Operations - Government Operations revenue increased by 17% to $560.1 million, driven by higher naval nuclear component production[3][4] - Government operations generated an operating income of $101.7 million in Q3 2024, up from $85.6 million in Q3 2023, a growth of 18.8%[29] - Government Operations revenue reached $560,073 thousand, up 16.5% from $477,855 thousand year-over-year[37] - Government Operations bookings for the three months ended September 30, 2024, were $440,146 thousand, a 33.1% increase from $330,801 thousand in the same period of 2023[37] Commercial Operations - Commercial operations reported an operating income of $9.2 million in Q3 2024, compared to $9.4 million in Q3 2023, showing a slight decline[29] - Commercial Operations bookings decreased to $78,252 thousand from $125,061 thousand year-over-year, reflecting a decline of 37.5%[37] Cash Flow and Dividends - Operating cash flow decreased to $32.6 million, a 56% decline from $74.3 million in 3Q23 due to increased working capital needs[3][8] - BWXT paid $22.0 million in dividends, or $0.24 per common share, in 3Q24[9] - The company expects free cash flow growth to be sustained at 10% or higher in 2025[1][2] Guidance and Future Outlook - The company raised its 2024 non-GAAP EPS guidance to approximately $3.20, up from the previous range of $3.10 - $3.20[1][10] - Preliminary guidance for 2025 indicates mid-to-high-single-digit growth in revenue and non-GAAP EPS[1][2] Assets and Liabilities - Total current assets increased to $982,949 thousand as of September 30, 2024, compared to $817,801 thousand at the end of December 31, 2023, marking a 20.2% increase[34] - Long-term debt as of September 30, 2024, was $1,220,583 thousand, up from $1,203,422 thousand at the end of December 31, 2023[35] - The company reported a total of $2,947,460 thousand in total assets as of September 30, 2024, compared to $2,747,065 thousand at the end of December 31, 2023, indicating a 7.3% increase[34] - Total stockholders' equity increased to $1,058,671 thousand as of September 30, 2024, up from $933,301 thousand at the end of 2023, marking a growth of 13.4%[36] - The company’s retained earnings rose to $2,238,437 thousand as of September 30, 2024, compared to $2,093,917 thousand at the end of 2023, indicating an increase of 6.9%[36] Costs and Expenditures - BWX Technologies incurred restructuring and transformation costs of $6.0 million in Q3 2024, compared to $1.1 million in Q3 2023[24][25] - Capital expenditures for the three months ended September 30, 2024, totaled $40,301 thousand, an increase of 30.4% from $30,916 thousand in the same period of 2023[37] - The company incurred research and development costs of $4,842 thousand for the nine months ended September 30, 2024, down from $5,955 thousand in the same period last year[32] Backlog - The total backlog as of September 30, 2024, was $3,380,689 thousand, a decrease of 15.1% from $3,980,844 thousand in the previous year[37]

Nuclear energy stocks have transformed into one of the hottest areas on Wall Street as investors dive into the industry ready to power the energy transition and the artificial intelligence (AI) age.See the Zacks Earnings Calendar to stay ahead of market-making news. The Bull Case for Nuclear Energy StocksNuclear energy stocks from Oklo to NuScale have soared in the last few months, driven by blockbuster deals between technology giants such as Google, Microsoft, and Amazon and nuclear energy companies.Nuclea ...

BWX Technologies (BWXT) is expected to beat expectations when it reports third-quarter 2024 results after market close on Nov. 4. The Zacks Consensus Estimate for third-quarter earnings is pinned at 77 cents per share, indicating an increase of 14.9% from the year-ago quarter, unchanged over the past 60 days. The consensus mark for revenues is pegged at $658.2 million, suggesting an 11.6% increase from the year-ago quarter. BWXT's earnings beat the Zacks Consensus Estimate in each of the trailing four quart ...

BWX Technologies (BWXT) shares soared 4.9% in the last trading session to close at $124.70. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 21.6% gain over the past four weeks. The optimism surrounding the stock can be attributed to the growing demand for its manufactured components and services for the commercial nuclear power industry. BWX Technologies' strong position in the nuclear technology sector, especially with its gover ...

imaginima/iStock via Getty Images Investment thesis For investors who consider nuclear energy for their green portfolios, a growth candidate is BWX Technologies, Inc. (NYSE:BWXT). It is having a renaissance of sorts, after delivering three consecutive quarters of higher earnings, reversing a previous trend. Those earnings are expected to keep growing this year and for the two following years. Based on this expected growth, I believe the share price will increase by more than 11% in the next year, and rate i ...

The company had a good quarter, but some investors found its full-year guidance wanting. The stock market staged a robust recovery on Tuesday, but not every company surged ahead in price. Advancing only cautiously was nuclear engineering specialist BWX Technologies (BWXT 0.93%), which published its latest set of quarterly results after market hours Monday night. The following day, the stock closed 0.9% higher, against the more than 1% rise of the S&P 500 index. A double beat, and double-digit growth For its ...

BWX Technologies, Inc. (NYSE:BWXT) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Chase Jacobson - Vice President of Investor Relations Rex Geveden - President and CEO Robb LeMasters - Senior Vice President and CFO Conference Call Participants Scott Deuschle - Deutsche Bank Rob Labick - CJS Securities Pete Skibitski - Alembic Global Peter Arment - Baird Josh Korn - Barclays Andre Madrid - BTIG Michael Ciarmoli - Truist Securities Ron Epstein - Bank of America Thomas Meric - ...

Our Purpose: We employ nuclear technology to solve some of the world's most important excellence, a strong safety record, and a focus problems Our Mission: We provide safe and effective nuclear solutions for global security, clean Second-Quarter 2024 Earnings energy, environmental remediation, nuclear medicine, and space exploration Call Presentation Commitment to innovation, operational on ensuring the highest ESG standards Reported August 5, 2024 Forward-Looking Statements Disclaimer 2 BWX Technologies, I ...

Table of Contents | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________________________________________ | | | FORM 10-Q | (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE S ...

BWX Technologies Reports Second Quarter 2024 Results • 2Q24 revenues of $681.5 million (1) • 2Q24 net income of $73.0 million, adjusted EBITDA of $126.2 million • 2Q24 diluted GAAP EPS of $0.79, non-GAAP EPS of $0.82 (1) • BWXT-led JV awarded management and operations contract for the NNSA's Pantex Plant • 2024 non-GAAP EPS guidance revised to $3.10-$3.20 (1) Lynchburg, VA – August 5, 2024 - BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported second quarter 2024 results. A rec ...