---
schema_version: "secwatch.filing_event.v1"
accession: "0001486957-23-000032"
form_type: "8-K"
ticker: "BWXT"
cik: "0001486957"
company_name: "BWX Technologies, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:52:27.836871+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001486957-23-000032
- form_type: 8-K
- ticker: BWXT
- cik: 0001486957
- company_name: BWX Technologies, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1486957/000148695723000032/0001486957-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1486957/000148695723000032/bwxt-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001486957-23-000032
- JSON: https://secwatch.observer/filing/0001486957-23-000032.json
- Plain text: https://secwatch.observer/filing/0001486957-23-000032.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1486957/000148695723000032/0001486957-23-000032-index.htm

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