Overview
BWX Technologies Q3 revenue of $866.3 mln beats analyst expectations
Adjusted EBITDA for Q3 beats analyst estimates, driven by large multi-year contracts
Outlook
BWX Technologies raises 2025 non-GAAP EPS guidance to $3.75-$3.80
Company expects 2026 adjusted EBITDA growth in low-double-digits to low-teens
BWX Technologies anticipates high-single-digit to low-double-digit non-GAAP EPS growth in 2026
Result Drivers
RECORD BACKLOG - Driven by large, multi-year special materials projects, backlog increased 119% year-over-year
COMMERCIAL OPERATIONS GROWTH - Revenue increased due to higher sales in commercial nuclear components, field services, and medical sales, along with contributions from Kinectrics acquisition
GOVERNMENT OPERATIONS - Growth driven by higher naval nuclear component production and special materials processing, partially offset by lower microreactor volumes
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $866.30 mln | $790.90 mln (11 Analysts) |
Q3 EPS | $0.89 | ||
Q3 Net Income | $82.20 mln | ||
Q3 Adjusted EBITDA | Beat | $151.10 mln | $142 mln (11 Analysts) |
Q3 Free Cash Flow | $94.90 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for BWX Technologies Inc is $200.00, about 6.8% below its October 31 closing price of $213.61
The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 41 three months ago
Press Release: ID:nBw86qp52a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)