Question · Q3 2025
Alex Preston asked about the current M&A environment, BWX Technologies' appetite for further investments, and their position within their leverage range.
Answer
Rex Geveden, BWX Technologies' President and CEO, stated that the company is selective with acquisitions, focusing on those that strategically amplify their nuclear space intentions. He highlighted the success of Kinectrics and AOT acquisitions and expressed continued interest in acquiring assets that align strategically and are within their valuation multiples. Chase Jacobson, Vice President of Investor Relations, added that the company is comfortable with its current leverage and prioritizes strengthening the balance sheet to create capacity for opportunistic acquisitions.
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BWXT's earnings beat/miss a week before the call