earnings
confidence high
sentiment positive
materiality 0.55
BWXT Q1 2024 revenue $604M, GAAP EPS $0.75, non-GAAP EPS $0.76; reaffirms FY2024 guidance
BWX Technologies, Inc.
2024-Q1 EPS reported
$0.75
revenue$603,966,000
- Revenue $604.0M (+6% YoY); net income $68.5M (+12% YoY); diluted GAAP EPS $0.75 (+12% YoY).
- Non-GAAP EPS $0.76 (vs $0.70 Q1 2023); adjusted EBITDA $115.2M (+4% YoY).
- Government Operations revenue $487.1M (+6% YoY); Commercial Operations revenue $117.0M (+7% YoY).
- Reaffirmed FY2024 guidance: revenue >$2.6B, adjusted EBITDA ~$500M, non-GAAP EPS $3.05-$3.20.
- Announced Cambridge facility expansion for CANDU and SMR markets; quarterly dividend $0.24/share payable June 6.