Earnings summaries and quarterly performance for BWX Technologies.
Executive leadership at BWX Technologies.
Rex Geveden
Detailed
President and Chief Executive Officer
CEO
Joseph Miller
Detailed
President, Government Operations
Kate Kelly
Detailed
President, BWXT Advanced Technologies
Kevin McCoy
Detailed
Chief Nuclear Officer
Mike Fitzgerald
Detailed
Senior Vice President, Chief Financial Officer and Chief Accounting Officer
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.
Andre Madrid
BTIG
6 questions for BWXT
Also covers: AIRO, AMTM, ATI +10 more
Michael Ciarmoli
Truist Securities, Inc.
6 questions for BWXT
Also covers: AIN, AIR, ASLE +20 more
Peter Skibitski
Alembic Global Advisors
6 questions for BWXT
Also covers: AVAV, CW, HEI +9 more
Scott Deuschle
Deutsche Bank
6 questions for BWXT
Also covers: ATI, BA, CR +15 more
Peter Arment
Robert W. Baird & Co.
5 questions for BWXT
Also covers: AIN, AVAV, BA +20 more
Jeffrey Campbell
Seaport Research Partners
4 questions for BWXT
Also covers: AIRJ, AMPS, ARIS +7 more
Bob Labick
CJS Securities
3 questions for BWXT
Also covers: ACVA, BCPC, BV +10 more
Joshua Korn
Barclays PLC
2 questions for BWXT
Also covers: ATI, BAH, CACI +4 more
Ronald Epstein
Bank of America
2 questions for BWXT
Also covers: , AER, AL +26 more
Thomas Sellers Meric
Stephens Inc.
2 questions for BWXT
Also covers: LNZA, NPWR, OPAL +1 more
Alexander Preston
Bank of America Merrill Lynch
1 question for BWXT
Also covers: AIN, DRS, HXL +1 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 +1 more
Jed Dersheimer
William Blair
1 question for BWXT
Jed Dorsheimer
William Blair & Company, L.L.C.
1 question for BWXT
Also covers: ACLS, AEHR, OKLO +2 more
Jeff Gramby
Northland Securities
1 question for BWXT
Jeff Grampp
Northland Securities, Inc.
1 question for BWXT
Also covers: FTK, HNRG, HTOO +7 more
Mark Shooter
William Blair
1 question for BWXT
Also covers: ACLS, AMPX, ENVX +2 more
Peter Lukas
CJS Securities
1 question for BWXT
Also covers: ACVA, CENT, DORM +5 more
Tate Sullivan
Maxim Group
1 question for BWXT
Also covers: ABM, AMPS, BEEM +17 more
Recent press releases and 8-K filings for BWXT.
BWXT Prices Upsized Convertible Senior Notes Offering
BWXT
Debt Issuance
- BWX Technologies, Inc. (BWXT) announced the pricing of an upsized private offering of $1.1 billion aggregate principal amount of 0% Convertible Senior Notes due 2030.
- The offering size was increased from the previously announced $1.0 billion, and the initial purchasers exercised their option in full to purchase an additional $150.0 million aggregate principal amount, bringing the total issued to $1.25 billion on November 10, 2025.
- The Notes have an initial conversion price of approximately $262.51 per share, representing a 32.5% premium to the last reported sale price of BWXT's common stock on November 5, 2025.
- BWXT estimates net proceeds of approximately $1,075.3 million, which will be used to fund capped call transactions ($116.1 million), repay existing credit facility debt ($830.8 million), and for general corporate purposes.
- Concurrently with the offering, BWXT expects to enter into a new five-year $1.25 billion senior secured revolving credit facility to replace its existing facility.
Nov 10, 2025, 9:15 PM
BWX Technologies Prices Upsized Convertible Senior Notes Offering
BWXT
Debt Issuance
- BWX Technologies priced an upsized $1.1 billion aggregate principal amount of 0% Convertible Senior Notes due 2030, with the offering expected to close on November 10, 2025.
- The initial conversion price for the notes is approximately $262.51 per share, representing a 32.5% premium to BWXT's common stock price on November 5, 2025.
- BWXT intends to use approximately $830.8 million of the net proceeds to repay its existing credit facility and $116.1 million to fund capped call transactions.
- Concurrently with the offering's closing, BWXT expects to enter into a new five-year $1.25 billion senior secured revolving credit facility to replace its current facility.
Nov 6, 2025, 11:25 AM
BWX Technologies Prices Upsized $1.1 Billion Convertible Notes Offering
BWXT
Debt Issuance
Convertible Preferred Issuance
- BWX Technologies, Inc. has priced an upsized $1.1 billion offering of 0% Convertible Senior Notes due 2030, with an expected closing date of November 10, 2025.
- The notes have an initial conversion price of approximately $262.51 per share, representing a 32.5% premium over the stock price at pricing.
- The estimated net proceeds of about $1.08 billion will be used primarily to fund capped call transactions (approximately $116.1 million) and repay outstanding debt under its existing credit facility (approximately $830.8 million).
- Concurrently, BWXT plans to establish a $1.25 billion senior secured revolving credit facility to replace its existing one.
- The company faces risks from a partial U.S. government shutdown that began on October 1, 2025, which could impact its contracts and financial results.
Nov 5, 2025, 10:01 PM
BWXT Announces Proposed Convertible Senior Notes Offering and New Credit Facility
BWXT
Debt Issuance
- BWX Technologies, Inc. announced a proposed private offering of $1.0 billion aggregate principal amount of convertible senior notes due November 1, 2030.
- The company expects to grant initial purchasers an option to purchase up to an additional $150.0 million aggregate principal amount of the notes.
- Proceeds from the offering will be used to fund capped call transactions, repay all indebtedness under its existing credit facility, and for general corporate purposes.
- Concurrently with the offering, BWXT expects to enter into a new five-year $1.25 billion senior secured revolving credit facility to replace its existing credit facility.
Nov 5, 2025, 12:33 PM
BWX Technologies Announces Proposed Convertible Senior Notes Offering
BWXT
Debt Issuance
Convertible Preferred Issuance
- BWX Technologies (BWXT) announced a proposed offering of $1.0 billion aggregate principal amount of convertible senior notes due 2030.
- The company plans to use the net proceeds to fund capped call transactions, repay all indebtedness under its existing credit facility, and for general corporate purposes.
- Concurrently with the offering, BWXT expects to establish a new five-year $1.25 billion senior secured revolving credit facility to replace its existing one.
- The Notes will be senior unsecured obligations and will mature on November 1, 2030, unless earlier converted, redeemed, or repurchased.
Nov 5, 2025, 12:27 PM
BWX Technologies Reports Strong Q3 Revenue Growth and Raises EPS Guidance
BWXT
Earnings
Guidance Update
Revenue Acceleration/Inflection
- BWX Technologies (BWXT) reported strong Q3 2025 financial results, with revenue of $866.3 million, marking a 28.9% year-over-year increase.
- The company achieved a record backlog of $7.4 billion, an increase of 119% year-over-year, driven by large, multi-year special materials projects.
- BWXT raised its full-year adjusted EPS guidance to around $3.78 and projects continued growth into 2026, with preliminary forecasts for low-double-digit to low-teens adjusted EBITDA growth and high-single-digit to low-double-digit EPS growth.
- Despite strong revenue growth, the company's operating margin declined to 13.1% in Q3 2025 from 14.4% in the same quarter last year.
Nov 3, 2025, 10:13 PM
BWX Technologies Reports Strong Q3 2025 Results, Secures Major Contracts, and Updates 2025/2026 Outlook
BWXT
Earnings
Guidance Update
New Projects/Investments
- BWX Technologies reported strong Q3 2025 financial results, with revenue up 29% to $866 million, adjusted EBITDA up 19% to $151 million, and adjusted EPS up 20% to $1. The company's total backlog grew to $7.4 billion, up 119% year over year, with a book-to-bill ratio of 2.6.
- The company secured significant national security contracts, including a $1.5 billion defense fuels contract and a $1.6 billion 10-year contract to supply high purity depleted uranium to the NNSA. These are expected to account for over half of the government segment's growth in 2026.
- BWXT updated its 2025 outlook, anticipating adjusted EBITDA of $570 million and adjusted EPS of $3.75-$3.80. For 2026, the preliminary outlook projects low double digit to low teens adjusted EBITDA growth and high single digit to low double digit adjusted EPS growth, alongside flat to slightly higher free cash flow.
- Commercial operations experienced 122% reported revenue growth and 38% organic revenue growth in Q3 2025, driven by the outperforming Kinectrics acquisition and strong demand in commercial nuclear power and medical isotopes. The company also signed a contract with Rolls-Royce to design steam generators for its Small Modular Reactor (SMR).
Nov 3, 2025, 10:00 PM
BWXT Reports Strong Q3 2025 Results and Positive Outlook
BWXT
Earnings
Guidance Update
New Projects/Investments
- BWX Technologies reported strong Q3 2025 financial results, with 12% organic revenue growth and approximately 20% adjusted EBITDA and earnings per share growth, contributing to a total backlog of $7.4 billion, which is up 119% year over year.
- The company secured major national security contracts during the quarter, including a $1.5 billion defense fuels contract and a $1.6 billion 10-year contract to supply high purity depleted uranium.
- BWXT provided a positive outlook, anticipating 2025 adjusted EBITDA of approximately $570 million and adjusted earnings per share between $3.75 and $3.80. The preliminary 2026 outlook projects low double-digit to low teens adjusted EBITDA growth and high single-digit to low double-digit adjusted earnings per share growth.
- Commercial operations demonstrated robust performance in Q3 2025, with 122% reported revenue growth and 38% organic revenue growth, driven by the Kinectrics acquisition, commercial nuclear power, and medical isotopes. The company also signed a contract with Rolls-Royce to design steam generators for its Small Modular Reactor (SMR).
Nov 3, 2025, 10:00 PM
BWX Technologies Reports Strong Q3 2025 Results and Raises 2025 EPS Guidance
BWXT
Earnings
Guidance Update
New Projects/Investments
- BWX Technologies (BWXT) reported strong Q3 2025 financial results, with revenue up 29% to $866 million and adjusted EPS increasing 20% to $1. Organic revenue growth was 12%, and adjusted EBITDA rose 19% to $151 million.
- The company's total backlog grew to $7.4 billion, a 23% increase from the prior quarter and 119% year-over-year, primarily due to large multiyear national security contracts.
- BWXT secured two significant contracts: a $1.5 billion defense fuels contract for domestic uranium enrichment and a $1.6 billion ten-year contract to supply high purity depleted uranium to the NMSA.
- For 2025, BWXT updated its outlook, anticipating free cash flow of approximately $285 million and adjusted EPS between $3.75 and $3.80. The preliminary 2026 outlook projects low double-digit to low teens adjusted EBITDA growth and high single-digit to low double-digit adjusted EPS growth.
- Commercial operations revenue saw robust growth, up 122% (with 38% organic growth) in Q3 2025, driven by the outperforming Kinetrix acquisition and strong demand in commercial nuclear power and medical isotopes.
Nov 3, 2025, 10:00 PM
BWX Technologies Announces Strong Q3 2025 Results and Raises 2025 Guidance
BWXT
Earnings
Guidance Update
Revenue Acceleration/Inflection
- BWX Technologies reported strong Q3 2025 financial results, with revenue up 29% to $866 million, Adjusted EBITDA up 19% to $151 million, and Non-GAAP EPS up 20% to $1.00.
- The company ended Q3 2025 with a record backlog of $7.4 billion, representing a 119% increase year-over-year, driven by significant contract wins.
- BWXT narrowed its 2025 Adjusted EBITDA guidance to ~$570 million, raised Non-GAAP EPS guidance to $3.75-$3.80, and raised Free Cash Flow guidance to ~$285 million.
- For 2026, the preliminary outlook includes mid-to-high-teens revenue growth and low-double-digit to low-teens Adjusted EBITDA growth.
Nov 3, 2025, 10:00 PM
Quarterly earnings call transcripts for BWX Technologies.
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