BWX Technologies Reports Third Quarter 2025 Results

BWX Technologies, Inc. has released its financial results for the third quarter of 2025, showcasing significant growth and strong performance across various metrics. The company, known for its nuclear solutions in defense, clean energy, and medical markets, reported substantial increases in revenue, net income, and adjusted EBITDA, driven by robust demand and strategic acquisitions.

Financial Highlights

For the third quarter of 2025, BWX Technologies reported revenues of $866.3 million, a 29% increase from the same period in 2024. The company's net income rose to $82.2 million, reflecting an 18% year-over-year growth. Adjusted EBITDA also saw a notable increase, reaching $151.1 million, up 19% from the previous year. The diluted GAAP EPS was $0.89, while the non-GAAP EPS stood at $1.00, marking a 20% increase from the prior year.

Business and Operational Highlights

The company's Government Operations segment reported revenues of $616.7 million, a 10% increase driven by higher naval nuclear component production and special materials processing. The Commercial Operations segment saw a remarkable 122% increase in revenues, reaching $251.0 million, attributed to higher sales in commercial nuclear components, field services, and medical sales.

BWX Technologies also reported a record backlog of $7.4 billion, up 119% year-over-year, driven by large, multi-year special materials projects. This backlog underscores the company's strong market position and the trust placed in its nuclear credentials by customers.

Strategic Initiatives and Corporate Developments

During the third quarter, BWX Technologies continued to focus on strategic growth initiatives, including the expansion of its Cambridge manufacturing plant to support the commercial nuclear market. The company also paid $22.9 million in dividends, reflecting its commitment to returning value to shareholders.

Management's Perspective

Rex D. Geveden, President and CEO of BWX Technologies, highlighted the company's strong financial performance and the unprecedented demand for nuclear solutions in defense, clean energy, and medical markets. Geveden emphasized the company's robust bookings and deep backlog, which position BWX Technologies well for continued growth in 2026.

Future Outlook

Looking ahead, BWX Technologies has raised its 2025 non-GAAP EPS guidance to $3.75-$3.80 and expects adjusted EBITDA to be at the mid-point of the prior range. The company also provided a preliminary outlook for 2026, anticipating low-double-digit to low-teen adjusted EBITDA growth and high-single-digit to low-double-digit non-GAAP EPS growth.

Original SEC Filing: BWX Technologies, Inc. [ BWXT ] - 8-K - Nov. 03, 2025