NYSE$BWXT
BWX Technologies Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
BWX Technologies demonstrated consistent operational and financial performance and moved forward on strategic growth initiatives.
BWX Technologies reported first quarter 2022 revenue of $531 million, a slight increase compared to the previous year. GAAP net income was $59.0 million, or $0.64 per diluted share. The company reiterated its 2022 guidance.
- Generated 1Q22 GAAP earnings of $0.64 per share, non-GAAP earnings of $0.69 per share.
- Produced 1Q22 GAAP net income of $59.0 million and adjusted EBITDA of $94.4 million.
- Completed Tc-99m equipment testing, setting the stage for FDA registration batches.
- Closed acquisition to expand and enhance core naval nuclear manufacturing business.
Headline financials
Revenue & EPS history
BWX Technologies · Revenue · Quarterly
$531M
Revenue by segment
BWX Technologies · $532M total across 2 segments · Q1 2022
- Government Operations$432M+7.5%81.2%
- Commercial Operations$100M-6.5%18.8%
Forward guidance
BWXT reiterated all components of 2022 guidance
Tailwinds
- Revenue up 3% to 4% vs. 2021
- Adjusted EBITDA up 3% to 4% vs. 2021
- Non-GAAP EPS: $3.05 to $3.25
- Cash from operations: $260 million to $290 million
- Capital expenditures: $180 million to $200 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.3%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+0.2%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+12.1%
Q4 2023
Best reaction
-23.1%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | -5.1% | -14.6% | |
| Q4 2025 | +2.4% | +3.8% | +3.4% | |
| Q3 2025 | -7.2% | -10.3% | -17.4% | |
| Q1 2025 | -3.7% | -3.2% | +15.1% | |
| Q4 2024 | +4.2% | +4.1% | +1.5% | |
| Q3 2024 | -4.6% | +1.6% | +6.5% | |
| Q2 2024 | -1.2% | +3.7% | +4.6% | |
| Q1 2024 | -10.6% | -7.6% | -6.8% | |
| Q4 2023 | +12.1% | +13.9% | +14.2% | |
| Q3 2023 | +3.5% | +2.6% | +6.1% | |
| Q2 2023 | +7.2% | +6.4% | +7.4% | |
| Q1 2023 | +2.2% | +2.1% | -1.5% | |
| Q4 2022 | +2.5% | +2.8% | +3.1% | |
| Q3 2022 | +0.7% | +6.7% | +4.9% | |
| Q2 2022 | -1.0% | -2.5% | -3.8% | |
| Q1 2022 | -4.4% | -3.1% | +2.6% | |
| Q4 2021 | +3.0% | +13.1% | +25.0% | |
| Q3 2021 | -6.2% | -2.9% | -17.5% | |
| Q2 2021 | -3.9% | -6.1% | -0.7% | |
| Q1 2021 | +0.4% | -1.4% | -5.5% | |
| Q4 2020 | -1.9% | -1.0% | +9.2% | |
| Q3 2020 | +0.8% | +0.1% | +3.1% | |
| Q2 2020 | +7.9% | +5.2% | +4.7% | |
| Q1 2020 | +4.7% | +13.3% | +20.0% | |
| Q4 2019 | -13.4% | -21.8% | -36.2% | |
| Q3 2019 | +3.3% | +4.5% | +2.1% | |
| Q2 2019 | +10.8% | +12.7% | +17.3% | |
| Q1 2019 | -2.7% | -1.1% | -8.9% | |
| Q4 2018 | +0.1% | -2.4% | -9.1% | |
| Q3 2018 | -23.1% | -21.4% | -28.8% | |
| Q2 2018 | -3.9% | -6.5% | -8.8% | |
| Q1 2018 | +2.1% | +0.4% | +1.7% | |
| Q4 2017 | -2.9% | -1.6% | -2.0% | |
| Q3 2017 | -1.6% | -0.9% | +0.4% | |
| Q2 2017 | +1.5% | +1.3% | +1.4% | |
| Q1 2017 | +0.7% | +3.1% | -1.2% | |
| Q4 2016 | +9.5% | +12.7% | +12.1% | |
| Q3 2016 | -2.9% | -6.5% | +0.7% | |
| Q2 2016 | -0.2% | +1.0% | +2.8% | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +3.6% | — | — | |
| Q3 2015 | +2.0% | — | — | |
| Q2 2015 | +3.9% | — | — | |
| Q1 2015 | -0.4% | — | — | |
| Q4 2014 | +3.7% | — | — | |
| Q3 2014 | +6.1% | — | — | |
| Q2 2014 | -8.1% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | -7.1% | — | — | |
| Q3 2013 | +1.0% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q4 2012 | +2.6% | — | — | |
| Q3 2012 | -11.1% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2009 | -1.7% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q1 2010 | -1.7% | — | — | |
| Q3 2010 | +6.6% | — | — | |
| Q3 2011 | +6.6% | — | — | |
| Q4 2010 | -4.1% | — | — | |
| Q2 2010 | -4.1% | — | — | |
| Q2 2011 | -4.1% | — | — |
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