BWXT Q2 2025 Earnings
Reported Aug 4, 2025 at 4:36 PM ET · SEC Source
Q2 25 EPS
$1.02
BEAT +28.67%
Est. $0.79
Q2 25 Revenue
$764.0M
BEAT +7.49%
Est. $710.8M
vs S&P Since Q2 25
+10.8%
BEATING MARKET
BWXT +25.5% vs S&P +14.8%
Market Reaction
Did BWXT Beat Earnings? Q2 2025 Results
BWX Technologies delivered a standout second quarter for 2025, posting earnings per share of $1.02 against a consensus estimate of $0.79, a 28.67% beat, while revenue climbed 12.1% year-over-year to $764.04 million, clearing the $710.77 million estim… Read more BWX Technologies delivered a standout second quarter for 2025, posting earnings per share of $1.02 against a consensus estimate of $0.79, a 28.67% beat, while revenue climbed 12.1% year-over-year to $764.04 million, clearing the $710.77 million estimate by 7.49%. The primary driver behind the outperformance was a surge in Government Operations, where higher naval nuclear component production and special materials processing pushed segment revenue up 9% to $588.96 million and segment adjusted EBITDA 23% higher. The May closing of the Kinectrics acquisition added further momentum to Commercial Operations, helping that segment's revenue jump 24% to $176.14 million. A landmark naval reactor pricing agreement also fueled a record backlog of $6.02 billion, up 70.2% year-over-year, a figure that underscores BWXT's positioning as broader market sentiment improves around defense and clean energy. Management raised full-year guidance across every key metric, now targeting revenue of approximately $3.10 billion and non-GAAP EPS of $3.65–$3.75.
Key Takeaways
- • Higher naval nuclear component production volumes in Government Operations
- • Special materials processing growth
- • Contribution from A.O.T. acquisition in Government Operations
- • Higher commercial nuclear components and medical sales in Commercial Operations
- • Contribution from Kinectrics acquisition in Commercial Operations
- • Solid operational performance and favorable work pacing
- • Strong working capital management driving 141% operating cash flow growth
- • Lower effective tax rate (19.7% vs 20.3% year-over-year)
BWXT YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
BWXT Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had exceptionally strong second quarter 2025 financial results driven by solid operational performance and pacing of work, particularly in Government Operations, which was complemented by robust bookings in both segments, leading to record backlog.”
— Rex D. Geveden, Q2 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% |