---
schema_version: "secwatch.filing_event.v1"
accession: "0001486957-23-000007"
form_type: "8-K"
ticker: "BWXT"
cik: "0001486957"
company_name: "BWX Technologies, Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:26:24.293179+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BWXT reports Q4 GAAP EPS $0.47, non-GAAP $0.93; initiates 2023 guidance; raises dividend to $0.23/share

## Summary
- Q4 2022 revenue $624.2M, net income $43.0M, adjusted EBITDA $130.1M; GAAP EPS $0.47, non-GAAP EPS $0.93.
- Full-year 2022 revenue $2.23B, net income $238.6M, adjusted EBITDA $439.4M; non-GAAP EPS $3.13.
- 2023 guidance: revenue ~$2.4B, adjusted EBITDA ~$475M, non-GAAP EPS $2.80-$3.00, free cash flow ~$200M.
- Quarterly cash dividend increased to $0.23 per share from $0.22, payable March 28, 2023 to holders of record March 10, 2023.
- GAAP EPS decline driven by absence of 2021 pension mark-to-market gains; non-GAAP EPS stable YoY.

## SEC filing metadata
- accession: 0001486957-23-000007
- form_type: 8-K
- ticker: BWXT
- cik: 0001486957
- company_name: BWX Technologies, Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1486957/000148695723000007/0001486957-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1486957/000148695723000007/bwxt-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001486957-23-000007
- JSON: https://secwatch.observer/filing/0001486957-23-000007.json
- Plain text: https://secwatch.observer/filing/0001486957-23-000007.txt

## Key facts
- Earnings Releases
  BWX Technologies, Inc. updated its 2023 guidance (initiated).
  - Period: 2023
  - Guidance: initiated
  - Result: guidance update
  source text: Initiates 2023 guidance in-line with prior outlook commentary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1486957/000148695723000007/0001486957-23-000007-index.htm
- Earnings Releases
  BWX Technologies, Inc. reported fourth quarter ended December 31, 2022 results: revenue 624.2, net income 43.0, EPS 0.47.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: 624.2
  - Net income: 43.0
  - EPS: 0.47
  - Result: reported results
  source text: Revenue Government Operations $ 517.6 $ 479.2 $ 38.5 8% $ 1,808.5 $ 1,725.1 $ 83.4 5% Commercial Operations $ 107.1 $ 114.5 $ (7.4) (6)% $ 427.4 $ 407.1 $ 20.3 5% Consolidated $ 624.2 $ 592.0 $ 32.2 5% $ 2,232.8 $ 2,124.1 $ 108.8 5% Operating Income Government Operations $ 102.8 $ 90.9 $ 11.9 13% $ 336.5 $ 329.5 $ 7.0 2% Commercial Operations $ 3.7 $ 18.4 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1486957/000148695723000007/0001486957-23-000007-index.htm
- Earnings Releases
  BWX Technologies, Inc. reported full year ended December 31, 2022 results: revenue 2,232.8, net income 238.6, EPS 2.60.
  - Period: full year ended December 31, 2022
  - Revenue: 2,232.8
  - Net income: 238.6
  - EPS: 2.60
  - Result: reported results
  source text: $ 517.6 $ 479.2 $ 38.5 8% $ 1,808.5 $ 1,725.1 $ 83.4 5% Commercial Operations $ 107.1 $ 114.5 $ (7.4) (6)% $ 427.4 $ 407.1 $ 20.3 5% Consolidated $ 624.2 $ 592.0 $ 32.2 5% $ 2,232.8 $ 2,124.1 $ 108.8 5% Operating Income Government Operations $ 102.8 $ 90.9 $ 11.9 13% $ 336.5 $ 329.5 $ 7.0 2% Commercial Operations $ 3.7 $ 18.4 $ (14.6) (80)% $ 27.4 $ 35.2 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1486957/000148695723000007/0001486957-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.