Overview

* BWX Technologies ( BWXT ) Q3 revenue of $866.3 mln beats analyst expectations

* Adjusted EBITDA for Q3 beats analyst estimates, driven by large multi-year contracts

Outlook

* BWX Technologies ( BWXT ) raises 2025 non-GAAP EPS guidance to $3.75-$3.80

* Company expects 2026 adjusted EBITDA growth in low-double-digits to low-teens

* BWX Technologies ( BWXT ) anticipates high-single-digit to low-double-digit non-GAAP EPS growth in 2026

Result Drivers

* RECORD BACKLOG - Driven by large, multi-year special materials projects, backlog increased 119% year-over-year

* COMMERCIAL OPERATIONS GROWTH - Revenue increased due to higher sales in commercial nuclear components, field services, and medical sales, along with contributions from Kinectrics acquisition

* GOVERNMENT OPERATIONS - Growth driven by higher naval nuclear component production and special materials processing, partially offset by lower microreactor volumes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $866.30 $790.90

Revenue mln mln (11

Analysts

)

Q3 EPS $0.89

Q3 Net $82.20

Income mln

Q3 Beat $151.10 $142 mln

Adjusted mln (11

EBITDA Analysts

)

Q3 Free $94.90

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "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 $200.00, about 6.8% below its October 31 closing price of $213.61

* The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 41 three months ago

Press Release:

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(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.)