Overview

* BWX Technologies ( BWXT ) Q2 revenue rises 12% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q2 increases 16%, exceeding analyst estimates, per LSEG data

* Co raises 2025 adjusted EBITDA and non-GAAP EPS guidance, citing strong results

Outlook

* BWX Technologies ( BWXT ) raises 2025 revenue guidance to ~$3.1 bln

* Company increases 2025 adjusted EBITDA guidance to $565 mln-$575 mln

* BWX Technologies ( BWXT ) expects 2025 non-GAAP EPS of $3.65-$3.75

* Company raises 2025 free cash flow guidance to $275 mln-$285 mln

Result Drivers

* GOVERNMENT OPERATIONS - Revenue increase driven by higher naval nuclear component production and special materials processing

* COMMERCIAL OPERATIONS - Revenue growth attributed to acquisitions and higher medical sales

* FIELD SERVICES - Lower activity due to timing of life-extension and outage projects

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $764 mln $710.80

Revenue mln (10

Analysts

)

Q2 EPS $0.85

Q2 Net $78.50

Income mln

Q2 Beat $145.90 $125.40

Adjusted mln mln (10

EBITDA Analysts

)

Q2 Free $126.30

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for BWX Technologies Inc ( BWXT ) is $150.00, about 0.3% above its August 1 closing price of $149.50

* The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)