Earnings summaries and quarterly performance for BWX Technologies.
Executive leadership at BWX Technologies.
Rex Geveden
Detailed
President and Chief Executive Officer
CEO
JM
Joseph Miller
Detailed
President, Government Operations
KK
Kate Kelly
Detailed
President, BWXT Advanced Technologies
KM
Kevin McCoy
Detailed
Chief Nuclear Officer
MF
Mike Fitzgerald
Detailed
Senior Vice President, Chief Financial Officer and Chief Accounting Officer
RD
Robert Duffy
Detailed
Senior Vice President and Chief Administrative Officer
Board of directors at BWX Technologies.
Research analysts who have asked questions during BWX Technologies earnings calls.
Michael Ciarmoli
Truist Securities, Inc.
7 questions for BWXT
Also covers: AIN, AIR, ASLE +21 more
SD
Scott Deuschle
Deutsche Bank
7 questions for BWXT
Also covers: ATI, BA, CR +16 more
Andre Madrid
BTIG
6 questions for BWXT
Also covers: AIRO, AMTM, ATI +10 more
PA
Peter Arment
Robert W. Baird & Co.
6 questions for BWXT
Also covers: AIN, AVAV, BA +20 more
PS
Peter Skibitski
Alembic Global Advisors
6 questions for BWXT
Also covers: AVAV, CW, HEI +9 more
Jeffrey Campbell
Seaport Research Partners
5 questions for BWXT
Also covers: AIRJ, AMPS, ARIS +7 more
BL
Bob Labick
CJS Securities
3 questions for BWXT
Also covers: ACVA, BCPC, BV +11 more
JD
Jed Dorsheimer
William Blair & Company, L.L.C.
2 questions for BWXT
Also covers: ACLS, AEHR, LEU +3 more
JG
Jeff Grampp
Northland Securities, Inc.
2 questions for BWXT
Also covers: FTK, HNRG, HTOO +8 more
Joshua Korn
Barclays PLC
2 questions for BWXT
Also covers: ATI, BAH, CACI +4 more
RE
Ronald Epstein
Bank of America
2 questions for BWXT
Also covers: , AER, AIN +27 more
TS
Thomas Sellers Meric
Stephens Inc.
2 questions for BWXT
Also covers: LNZA, NPWR, OPAL +1 more
AP
Alexander Preston
Bank of America Merrill Lynch
1 question for BWXT
Also covers: AIN, DRS, HXL +2 more
Alex Preston
Bank of America
1 question for BWXT
Also covers: RKLB
David Strauss
Barclays
1 question for BWXT
Also covers: ATI, BA, CACI +16 more
Jan-Frans Engelbrecht
Baird
1 question for BWXT
Also covers: AVAV, CACI, DRS +2 more
JD
Jed Dersheimer
William Blair
1 question for BWXT
JG
Jeff Gramby
Northland Securities
1 question for BWXT
Mark Shooter
William Blair
1 question for BWXT
Also covers: ACLS, AMPX, ENVX +2 more
MA
Matt Akers
BNP Paribas
1 question for BWXT
Also covers: HEI, RTX
PL
Peter Lukas
CJS Securities
1 question for BWXT
Also covers: ACVA, CENT, DORM +5 more
TS
Tate Sullivan
Maxim Group
1 question for BWXT
Also covers: ABM, AMPS, BEEM +18 more
WJ
Will Jellison
D.A. Davidson & Co.
1 question for BWXT
Also covers: ADSE, BL, MANH +4 more
Recent press releases and 8-K filings for BWXT.
BWX Technologies Reports Q4 and Full Year 2025 Results, Initiates 2026 Guidance
BWXT
Earnings
Guidance Update
Dividends
- BWX Technologies reported full year 2025 diluted non-GAAP EPS of $4.01 and adjusted EBITDA of $574.3 million, with net income of $329.9 million and free cash flow of $295.3 million. For Q4 2025, diluted non-GAAP EPS was $1.08, net income was $93.7 million, and adjusted EBITDA was $147.5 million.
- The company ended 2025 with a backlog of $7.3 billion, marking a 50% increase year-over-year.
- BWXT initiated 2026 guidance, projecting non-GAAP EPS of $4.55-$4.70, adjusted EBITDA of $645 million-$660 million, and free cash flow of $305 million-$320 million.
- A quarterly cash dividend of $0.27 per common share was declared on February 18, 2026.
4 days ago
BWX Technologies Reports Record 2025 Results and Provides Strong 2026 Guidance
BWXT
Earnings
Guidance Update
New Projects/Investments
- BWX Technologies closed a record 2025 with strong Q4 results, reporting $886 million in revenue (up 19% year-over-year) and $1.08 in Adjusted EPS (up 17%) for Q4 2025. For the full year 2025, revenue grew 18%, Adjusted EBITDA grew 15%, and EPS grew 20%.
- The company ended 2025 with a backlog of $7.3 billion, a 15% increase year-over-year, reflecting meaningful growth in both government and commercial segments. Commercial operations revenue grew 95% in Q4 2025, driven by 31% organic growth.
- For 2026, BWXT provided guidance including revenue of approximately $3.75 billion (up high-teens), Adjusted EBITDA of $645 million-$660 million (up low-to-mid-teens), and non-GAAP EPS of $4.55-$4.70 (up mid to high teens).
- Strategic developments in 2025 included the acquisitions of AOT and Kinectrics, securing new pricing agreements for naval propulsion, and booking initial scopes for U.S. Defense uranium enrichment and high-purity depleted uranium production expansion. The company also completed a $1.25 billion convertible debt offering to enhance financial flexibility and liquidity.
4 days ago
BWX Technologies Reports Record 2025 Results and Strong 2026 Guidance
BWXT
Earnings
Guidance Update
New Projects/Investments
- BWX Technologies closed a record 2025, with full-year revenue growing 18%, Adjusted EBITDA 15%, earnings per share 20%, and free cash flow 16%, all exceeding initial guidance.
- The company ended 2025 with a backlog of $7.3 billion, up 15% year-over-year, and reported strong Q4 2025 revenue of $886 million (up 19%) and Adjusted EPS of $1.08 (up 17%).
- BWXT provided robust 2026 guidance, projecting revenue of approximately $3.75 billion (up high-teens), Adjusted EBITDA between $645 million and $660 million (up low-to-mid-teens), and non-GAAP EPS of $4.55-$4.70 (up mid to high teens).
- Strategic achievements in 2025 included the acquisitions of AOT and Kinectrics, significant investments in facilities, and securing major contracts for U.S. Defense uranium enrichment and high-purity depleted uranium production.
- The company enhanced its financial flexibility by completing a $1.25 billion convertible debt offering with a 0% coupon, which reduced the cost of debt and increased liquidity to $1.7 billion at year-end.
4 days ago
BWX Technologies Announces Strong Q4 and Full-Year 2025 Results, Initiates 2026 Guidance
BWXT
Earnings
Guidance Update
Revenue Acceleration/Inflection
- BWX Technologies reported strong Q4 2025 financial performance, with revenue up 19%, Adjusted EBITDA up 13%, and Non-GAAP EPS up 17% year-over-year.
- For the full year 2025, the company achieved record levels in revenue of $3.2 billion, Adjusted EBITDA of $574 million, and free cash flow of $295 million, all demonstrating double-digit year-over-year growth.
- The company's backlog grew by 50% to $7.3 billion, driven by significant multi-year awards in both Government and Commercial Operations.
- BWXT initiated its 2026 guidance, projecting Adjusted EPS between $4.55 and $4.70, revenue of approximately $3.75 billion, Adjusted EBITDA between $645 million and $660 million, and free cash flow between $305 million and $320 million.
4 days ago
BWX Technologies Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance
BWXT
Earnings
Guidance Update
Dividends
- BWX Technologies reported diluted non-GAAP EPS of $1.08 for Q4 2025 and $4.01 for the full year 2025, with full year consolidated revenue reaching $3,198.4 million, an 18% increase year-over-year.
- The company ended 2025 with a record backlog of $7.3 billion, up 50% year-over-year, driven by significant awards in naval propulsion, special materials, and commercial nuclear power.
- BWXT initiated 2026 guidance, expecting non-GAAP EPS of $4.55-$4.70, adjusted EBITDA of $645 million-$660 million, and free cash flow of $305 million-$320 million.
- A quarterly cash dividend of $0.27 per common share was declared on February 18, 2026, payable on March 27, 2026.
4 days ago
BWXT Reports Strong Q4 and Record 2025 Results
BWXT
Earnings
Guidance Update
Dividends
- BWX Technologies reported Q4 2025 revenue of $885.8 million and non-GAAP EPS of $1.08, which beat estimates by $0.20.
- For the full year 2025, the company achieved a record diluted non-GAAP EPS of $4.01, net income of $329.9 million, and adjusted EBITDA of $574.3 million.
- BWXT ended 2025 with a $7.3 billion backlog, representing a 50% year-over-year increase, and its Commercial Operations segment grew 95% in Q4 and 63% for the full year.
- The company returned capital to shareholders with $92.5 million in dividends for 2025 and announced a quarterly cash dividend of $0.27 per share.
- BWXT initiated 2026 guidance projecting non-GAAP EPS of $4.55–$4.70, adjusted EBITDA of $645–$660 million, and free cash flow of $305–$320 million.
5 days ago
BWXT Aids in Meeting July 4 Executive Order Criticality Goal
BWXT
Product Launch
New Projects/Investments
- BWX Technologies is a key player in meeting the July 4 Executive Order criticality goal for advanced reactor designs, producing TRISO nuclear fuel compacts and high-assay low enriched uranium (HALEU).
- The company announced significant progress in producing TRISO nuclear fuel compacts for Antares Nuclear, Inc., with fabrication on track for timely completion for a July 4 criticality target.
- BWXT also shipped over 100 kilograms of purified HALEU oxide for the DOE HALEU availability program to support a second reactor developer targeting a July 4 criticality test.
- BWXT is also involved in the Project Pele demonstration reactor program and has shipped TRISO compacts to Los Alamos National Laboratory’s National Criticality Experiments Research Center.
Feb 5, 2026, 1:00 PM
BWXT-affiliated Antares Receives DOE Safety Approval for Mark-0 Reactor
BWXT
New Projects/Investments
- Antares, a nuclear fission energy company, has received U.S. Department of Energy (DOE) Preliminary Documented Safety Analysis (PDSA) approval for its Mark-0 demonstration reactor, marking a significant safety milestone.
- The Mark-0 reactor is scheduled to achieve criticality before July 4, 2026, at Idaho National Laboratory (INL) as part of the DOE's Reactor Pilot Program.
- BWX Technologies is collaborating with Antares on the fabrication of High-Assay Low-Enriched Uranium (HALEU) fuel feedstock for the project.
- Antares has secured over $130 million in funding, including a $96 million Series B round announced in December 2025, and holds over $13 million in active government contracts.
Jan 26, 2026, 6:47 PM
BWXT Opens Centrifuge Manufacturing Development Facility
BWXT
Product Launch
New Projects/Investments
Hiring
- BWX Technologies, Inc. (BWXT) has opened its Centrifuge Manufacturing Development Facility (CMDF) in Oak Ridge, Tennessee, to reestablish a fully domestic uranium enrichment capability for U.S. national security priorities.
- The CMDF is a key element of a $1.5 billion contract awarded to BWXT by the Department of Energy’s National Nuclear Security Administration (NNSA) in September for a comprehensive program supporting defense fuel needs.
- The facility will serve as BWXT’s primary hub for the design, engineering, fabrication, and testing of advanced gas centrifuge machines, aiming to move centrifuge technology from development into production readiness.
- Approximately 100 highly skilled professionals are currently working at the CMDF, with plans to expand the workforce as manufacturing activities scale.
Jan 26, 2026, 12:30 PM
Keel Holdings Announces $22 Million Investment and Leadership Appointments
BWXT
New Projects/Investments
Management Change
- Keel Holdings, LLC announced a $22 million investment in four large, high-speed, precision 5-axis machining centers to enhance defense production capacity at its Merrill, MI facility.
- This investment is part of Keel's ongoing expansion, which includes a $36 million investment in 2024 for the Merrill facility and a $67 million investment underway for its South Carolina shipyard.
- The company also strengthened its leadership team with the appointment of Allen Couture as Chief Operating Officer and President, Southeast Operations, and Brian Johnson as Vice President, Quality.
Dec 18, 2025, 8:12 PM
Quarterly earnings call transcripts for BWX Technologies.
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