secwatch.observer — SEC 8-K summary
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Issuer:     BWX Technologies, Inc. (BWXT)
CIK:        0001486957
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001486957-23-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1486957/000148695723000032/0001486957-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1486957/000148695723000032/bwxt-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001486957-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer