BWXT Q1 2025 Earnings
Reported May 5, 2025 at 4:31 PM ET · SEC Source
Q1 25 EPS
$0.91
BEAT +19.03%
Est. $0.76
Q1 25 Revenue
$682.3M
BEAT +5.62%
Est. $646.0M
vs S&P Since Q1 25
+59.2%
BEATING MARKET
BWXT +88.2% vs S&P +29.0%
Market Reaction
Did BWXT Beat Earnings? Q1 2025 Results
BWX Technologies kicked off 2025 with a standout first quarter, posting revenue of $682.26 million, up 13.0% year-over-year and ahead of the $645.98 million consensus by 5.62%, while non-GAAP EPS of $0.91 cleared the $0.76 estimate by 19.03%. The pri… Read more BWX Technologies kicked off 2025 with a standout first quarter, posting revenue of $682.26 million, up 13.0% year-over-year and ahead of the $645.98 million consensus by 5.62%, while non-GAAP EPS of $0.91 cleared the $0.76 estimate by 19.03%. The primary driver behind the beat was the Government Operations segment, which generated $555.29 million in revenue on the strength of accelerated naval nuclear component production and special materials processing, complemented by contributions from the recently completed A.O.T. Acquisition. Commercial Operations added $128.31 million, lifted by nuclear components and medical sales growth. Total backlog climbed 34% year-over-year to $4.88 billion, underscoring the durability of demand across both segments. With the pending Kinectrics acquisition on track to close mid-2025 and a land purchase in Oak Ridge signaling deeper involvement in NNSA uranium enrichment programs, management reaffirmed full-year guidance of approximately $3.00 billion in revenue, non-GAAP EPS of $3.40 to $3.55, and free cash flow of $265 to $285 million, projections that appear well-anchored given the quarter's momentum.
Key Takeaways
- • Higher naval nuclear component production volumes
- • Special materials processing growth
- • Contribution from A.O.T. acquisition
- • Higher commercial nuclear components and fuel handling revenue
- • Higher medical sales
- • Lower effective tax rate (17.7% vs 22.5% YoY)
- • Strong working capital management and timing of awards
BWXT YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
BWXT Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had a solid start to 2025 with financial results that were ahead of expectations, driven by an increased pace of work and good operational performance. We had another quarter of strong Commercial backlog growth and see robust opportunities for growth in our Government markets, highlighted by our recent land purchase to support the National Nuclear Security Administration's domestic uranium enrichment program.”
— Rex D. Geveden, Q1 2025 Earnings Press Release
BWXT Earnings Trends
BWXT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BWXT EPS Trend
Earnings per share: estimate vs actual
BWXT Revenue Trend
Quarterly revenue: estimate vs actual
BWXT Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 FY | — | $1.08 | — | $885.8M | — |
| FY Full Year | — | $4.01 | — | $3.20B | — |
| Q3 25 BEAT | $0.86 | $1.00 | +16.55% | $866.3M | +8.75% |
| Q2 25 BEAT | $0.79 | $1.02 | +28.67% | $764.0M | +7.49% |
| Q1 25 BEAT | $0.76 | $0.91 | +19.03% | $682.3M | +5.62% |