BWXT Q3 revenue up 13% to $590M; narrows 2023 EPS guidance, signals 2024 growth

BWX Technologies, Inc.

2023-Q3 EPS reported $1.96 revenue$1,770,794,000

Revenue $590M (+13% YoY); GAAP EPS $0.66 vs $0.67 YoY; non-GAAP EPS $0.67 vs $0.69.
Adjusted EBITDA $106.5M (+6% YoY); free cash flow $43.4M (+71% on improved working capital).
Narrows 2023 non-GAAP EPS guidance to $2.90-2.95 (from $2.85-3.00); reaffirms ~$475M adj. EBITDA, ~$200M FCF.
Initial 2024 guidance: mid-single-digit growth in non-GAAP EPS and adjusted EBITDA.
Quarterly dividend $0.23/share declared, payable Dec 12, record Nov 21.

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 third quarter ended September 30, 2023 results: revenue $590.0 million, net income $60.4 million, EPS $0.66. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $590.0 million
Net income: $60.4 million
EPS: $0.66
Guidance: reaffirmed
Result: reported results

Exact text from the filing

BWX Technologies Reports Third Quarter 2023 Results • 3Q23 revenues of $590.0 million • 3Q23 net income of $60.4 million, adjusted EBITDA (1) of $106.5 million • 3Q23 diluted GAAP EPS of $0.66, non-GAAP (1) EPS of $0.67

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Source: SEC EDGAR

accession 0001486957-23-000041

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