BWXT beats Q2 expectations; narrows FY2023 non-GAAP EPS guidance to $2.85-$3.00

BWX Technologies, Inc.

2023-Q2 EPS reported $1.30 revenue$1,180,805,000

2Q23 revenues $612.4M (+11% YoY); GAAP diluted EPS $0.64, non-GAAP EPS $0.65, ahead of expectations.
Adjusted EBITDA $107.0M (down 7% YoY); Government ops revenue up 13%, Commercial ops revenue up 2%.
Selected for DARPA DRACO project to build nuclear-powered spacecraft; shipped final missile tube from Mount Vernon.
FY2023 non-GAAP EPS guidance narrowed to $2.85-$3.00; reaffirms adjusted EBITDA ~$475M and FCF ~$200M.
Board declares quarterly cash dividend of $0.23 per share, payable Sept 7 to holders of record Aug 17.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BWX Technologies, Inc. reported second quarter ended June 30, 2023 results: revenue $612.4 million, net income $58.7 million, EPS $0.64. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $612.4 million
Net income: $58.7 million
EPS: $0.64
Guidance: reaffirmed
Result: reported results

Exact text from the filing

except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- BWX Technologies Reports Second Quarter 2023 Results • 2Q23 revenues of $612.4 million • 2Q23 net income of $58.7 million, adjusted EBITDA (1) of $107.0 million • 2Q23 diluted GAAP EPS of $0.64, non-GAAP (1) EPS of $0.65 • Selected to provide the nuclear system and

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Source: SEC EDGAR

accession 0001486957-23-000032

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