BWX Technologies, Inc. (NYSE:BWXT) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Mark Kratz - Vice President of Investor Relations Rex Geveden - President & Chief Executive Officer Robb LeMasters - Senior Vice President & Chief Financial Officer Conference Call Participants Pete Skibitski - Alembic Global Michael Ciarmoli - Truist Scott Deuschle - Credit Suisse Pete Lukas - CJS Securities Operator Ladies and gentlemen, welcome to BWX Technologies' Fourth Quarter and Full ...

1) CAS – Cost accounting standards in accordance with the Federal Acquisition Regulation and the related U.S. Government Cost Accounting Standards – used as basis for recovery of costs on government contracts 2) FAS – Financial accounting standards in accordance with GAAP and the way we report our financial results 3) Presentation of 2015 amounts reflects adoption of ASU 2017-07 which requires non-service cost components of net periodic benefit cost to be classified outside of operating income Our Mission: ...

Revenue Recognition - The company expects to recognize approximately 42% of the revenue associated with its backlog by the end of 2023, with the remainder to be recognized thereafter[35]. Government Operations - The Government Operations segment's revenues are largely driven by national security spending by the U.S. Government, with no negative impact from federal budget reductions to date[36]. - The company is a significant participant in the defense industry, supplying high-end equipment for U.S. Navy submarines and aircraft carriers[36]. Financial Position - The company had $500.0 million in outstanding borrowings and $497.5 million available under the Credit Facility as of December 31, 2022[429]. - The company has an aggregate principal amount of $400.0 million of Senior Notes due 2028 and another $400.0 million due 2029[429]. Business Segments - The company operates in two reportable segments: Government Operations and Commercial Operations, reflecting a strategic alignment of its businesses[33]. Growth Strategies - The company is exploring growth strategies through strategic investments and acquisitions, expecting to fund these opportunities with cash generated from operations or by raising additional capital[32]. Valuation Approaches - The company utilizes both income and market valuation approaches to assess the fair value of its reporting units, which may be affected by external market conditions[28][29]. Pension and Benefits - The company recognizes net actuarial gains and losses in earnings in the fourth quarter, which can significantly impact estimated pension and postretirement benefit costs[24]. Joint Ventures - The company’s operations include joint ventures that typically earn fees, accounted for using the equity method[37].

BWX Technologies, Inc. (NYSE:BWXT) Q3 2022 Earnings Conference Call November 7, 2022 5:00 PM ET Company Participants Mark Kratz - Vice President-Investor Relations Rex Geveden - President & Chief Executive Officer Robb LeMasters - Senior Vice President & Chief Financial Officer Conference Call Participants Bob Labick - CJS Securities Scott Deuschle - Credit Suisse Pete Osterland - Truist Securities David Strauss - Barclays Peter Arment - Baird Tate Sullivan - Maxim Group Operator Ladies and gentlemen, welco ...

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 energy, environmental remediation, nuclear medicine, and space exploration Commitment to innovation, operational on ensuring the highest ESG standards Reported November 7, 2022 Forward-Looking Statements Disclaimer 2 BWX Technologies, Inc. ("BWXT") cautions that statements in this ...

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

problems Our Mission: We provide safe and effective excellence, a strong safety record, and a focus Our Purpose: We employ nuclear technology to solve some of the world's most important nuclear solutions for global security, clean energy, environmental remediation, nuclear medicine, and space exploration Commitment to innovation, operational on ensuring the highest ESG standards Reported August 8, 2022 Forward-Looking Statements Disclaimer BWX Technologies, Inc. ("BWXT") cautions that statements in this pre ...

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 ...

Our Purpose: We employ nuclear technology to solve some of the world's most important problems Our Mission: We provide safe and effective excellence, a strong safety record, and a focus nuclear solutions for global security, clean energy, environmental remediation, nuclear medicine, and space exploration Commitment to innovation, operational on ensuring the highest ESG standards Reported May 9, 2022 Forward-Looking Statements Disclaimer BWX Technologies, Inc. ("BWXT") cautions that statements in this presen ...

BWX Technologies, Inc. (NYSE:BWXT) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET Company Participants Mark Kratz - Vice President of Investor Relations Rex Geveden - President and Chief Executive Officer Robb LeMasters - Senior Vice President and Chief Financial Officer Conference Call Participants Pete Skibitski - Alembic Global Bob Labick - CJS Securities Pete Osterland - Truist Securities Peter Arment - Baird David Strauss - Barclays Operator Ladies and gentlemen, welcome to BWX Technologies Fi ...