secwatch.observer — SEC 8-K summary
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Issuer:     BWX Technologies, Inc. (BWXT)
CIK:        0001486957
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001486957-22-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BWXT reports Q1 GAAP EPS $0.64, non-GAAP $0.69; revenue $531M; reaffirms 2022 guidance
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- GAAP net income $59.0M ($0.64/sh) down from $69.7M ($0.73/sh) YoY; non-GAAP net income $63.0M ($0.69/sh).
- Revenue $531M, slightly up from $528M; adjusted EBITDA $94.4M, 4% decrease driven by lower CAS pension income and contract adjustments.
- Closed strategic acquisition of proprietary valves, manifolds and fittings for global naval shipbuilding (April 2022).
- Reiterates 2022 guidance: revenue +3-4%, adjusted EBITDA +3-4%, non-GAAP EPS $3.05-$3.25, cash from ops $260-290M.
- Declared $0.22/sh quarterly dividend payable June 8, 2022 to holders of record May 20; repurchased $20M shares in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1486957/000148695722000016/0001486957-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1486957/000148695722000016/bwxt-20220509.htm
  HTML page:      https://secwatch.observer/filing/0001486957-22-000016

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