NYSE$BWXT

BWX Technologies Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

BWX Technologies reported strong fourth-quarter earnings with revenue growth and a solid non-GAAP EPS.

BWX Technologies, Inc. delivered a solid Q4 2024 performance with revenue of $746.3 million, a GAAP EPS of $0.77, and a non-GAAP EPS of $0.92. The company posted a net income of $71.1 million and an operating income of $92.3 million. Strong commercial operations growth offset slight declines in government operations. Free cash flow increased significantly by 31% year-over-year.

  • Q4 2024 revenue increased to $746.3 million, up 3% year-over-year.
  • GAAP EPS rose to $0.77, while non-GAAP EPS declined to $0.92.
  • Net income for the quarter was $71.1 million, up 7% from Q4 2023.
  • Free cash flow saw a significant increase of 31% year-over-year.

Headline financials

Total Revenue

$746M

Previous: $726M+2.9%
EPS (adj)

$0.92

Previous: $1.01-8.9%
Operating cash flow

$277M

No prior period
Capital expenditures

$52.5M

No prior period
Adjusted EBITDA

$130M

No prior period
Dividends paid

$22M

No prior period
Total backlog

$4.84B

No prior period
Total bookings

$2.21B

No prior period
Net Income

$71.1M

Previous: $66.3M+7.2%
Operating Income

$92.3M

Previous: $123M-25.1%
Gross Profit

$174M

Previous: $189M-7.5%

Revenue & EPS history

BWX Technologies · Revenue · Quarterly

$746M

Q4 2024+2.9%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

BWX Technologies · $887M total across 2 segments · Q4 2025

  • Government Operations
    $589M
  • Commercial Operations
    $298M

Forward guidance

BWX Technologies expects continued revenue and earnings growth in 2025, supported by strong backlog and commercial operations expansion.

Tailwinds

  • 2025 non-GAAP EPS guidance of $3.40 - $3.55, indicating growth.
  • Revenue expected to reach approximately $3.0 billion in 2025.
  • Adjusted EBITDA projected between $550 - $570 million.
  • Free cash flow forecasted to increase to $265 - $285 million.
  • Recent acquisitions to enhance growth and operational capabilities.

Headwinds

  • Higher corporate expenses impacting profitability.
  • Slight decline in government operations revenue in Q4 2024.
  • Impact of restructuring and transformation costs on margins.
  • Potential supply chain challenges affecting execution timelines.
  • Macroeconomic uncertainties that could affect demand in key segments.

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 Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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