Bwx Technologies, Inc. · NYSE:BWXT
Bwx Technologies — Q4 2024 Earnings Presentation
15 slides from Bwx Technologies's earnings presentation, Feb 24, 2025
Slide 1: Fourth-Quarter 2024 Earnings Call Presentation
Our Purpose: We employ nuclear technology to solve some of the world’s most important problems Our Mission: We provide safe and effective nuclear solutions for global security, clean Fourth-Quarter 2024 Earnings energy, environmental remediation, nuclear medicine, and space exploration Call Presenta
Slide 2: Forward-Looking Statements Disclaimer
Forward-Looking Statements Disclaimer BWX Technologies, Inc. (“BWXT”) cautions that statements in this presentation that are forward-looking and provide other than historical information involve risks and uncertainties that may impact actual results and any future performance suggested in the forwar
Slide 3: Fourth Quarter 2024 and Outlook Highlights
Fourth Quarter 2024 and Outlook Highlights o 4Q24 Y/Y financial performance ‒ Revenue up 3%, driven by strong growth in Commercial Operations, that was partially offset by slightly lower Government Operations ‒ Adjusted EBITDA(1) down 12% and Non-GAAP EPS(1) down 9% as higher Commercial Operations i
Slide 4: 4Q24 financial summary
4Q24 financial summary ($million, except per share amounts) Net income & Revenue adj. EBITDA(1) / margin Net 746 66 71 726 3% Our Purpose: We employ onuclear income technology 4Q24 revenue up 3% as higher Commercial Operations 148 to solve some130of the world’srevenuemost was (12)% important offset
Slide 5: 4Q23 to 4Q24 non-GAAP EPS bridge
4Q23 to 4Q24 non-GAAP(1) EPS bridge ($ per diluted share) 1.01 (0.16) Our Purpose: We employ nuclear technology to solve some of the world’s most important0.04 0.92 0.02 problems 0.01 Our Mission: We provide safe and effective nuclear solutions for global Gov. Ops. revenue security, Non-operational
Slide 6: 4Q24 segment summary
4Q24 segment summary Government Operations Commercial Operations ($million) 152 602 595 Our Purpose: (1)% We employ nuclear technology 4Q24 revenue down 1% from 23% 4Q24 revenue up 23% driven to solve some of the world’s most important higher volume of naval nuclear 124 by continued robust Medical R
Slide 7: 2023 to 2024 non-GAAP EPS bridge
2023 to 2024 non-GAAP(1,2) EPS bridge ($ per diluted share) Our Purpose: We employ nuclear technology 0.06 3.33 0.06 to solve some0.02 0.16 of the world’s most important problems 3.02 Our Mission: We provide safe and effective nuclear Gov. Ops. revenue solutions for global security, clean Non-operat
Slide 8: Initiating 2025 Guidance
Initiating 2025 Guidance BWXT consolidated guidance Other information (vs. 2024) o Revenue Growth ~$3.0B ‒ Government Operations: up mid-single digits including low-single digit organic Revenue growth + A.O.T. acquisition ‒ Commercial Operations: nearly 50%, including mid-teens organic growth + cont
Slide 9: 2024 to 2025 non-GAAP EPS bridge
2024 to 2025 non-GAAP(1,2) EPS bridge ($ per diluted share) Low-double digit Our Purpose:~(0.08) We employ nuclear technology adj. EBITDA(1) growth 0.27 - 0.42 to solve some of the world’s (0.08)most – (0.10)important (0.01) – (0.02) 3.40 – 3.55 problems 3.33 Our Mission: We provide safe and effecti
Slide 10: Appendix: Non-GAAP reconciliations
Appendix Non-GAAP reconciliations
Slide 11: Non-GAAP definitions
Non-GAAP definitions Non-GAAP figures exclude any mark-to-market adjustment for pension and postretirement benefits Our recognized and other Purpose: one-time items. We employ nuclear technology to solve some of the world’s most important problems Other non-GAAP definitions and calculations Non-GAAP
Slide 12: 4Q 2024 non-GAAP reconciliations
4Q 2024 non-GAAP reconciliations BWX TECHNOLOGIES, INC. RECONCILIATION OF NON-GAAP OPERATING INCOME AND EARNINGS PER SHARE(1)(2)(3) RECONCILIATION OF REPORTING SEGMENT ADJUSTED EBITDA(1)(2)(3) (In millions, except per share amounts) (In millions) Three Months Ended December 31, 2024 Restructuring Th
Slide 13: 4Q 2023 non-GAAP reconciliations
4Q 2023 non-GAAP reconciliations BWX TECHNOLOGIES, INC. RECONCILIATION OF NON-GAAP OPERATING INCOME AND EARNINGS PER SHARE(1)(2)(3) RECONCILIATION OF REPORTING SEGMENT ADJUSTED EBITDA(1)(2)(3) (In millions, except per share amounts) (In millions) Three Months Ended December 31, 2023 Three Months End
Slide 14: 2024 non-GAAP reconciliations
2024 non-GAAP reconciliations BWX TECHNOLOGIES, INC. RECONCILIATION OF NON-GAAP OPERATING INCOME AND EARNINGS PER SHARE(1)(2)(3) RECONCILIATION OF REPORTING SEGMENT ADJUSTED EBITDA(1)(2)(3) (In millions, except per share amounts) (In millions) Year Ended December 31, 2024 Restructuring Year Ended De
Slide 15: 2023 non-GAAP reconciliations
2023 non-GAAP reconciliations BWX TECHNOLOGIES, INC. RECONCILIATION OF NON-GAAP OPERATING INCOME AND EARNINGS PER SHARE(1)(2)(3) RECONCILIATION OF REPORTING SEGMENT ADJUSTED EBITDA(1)(2)(3) (In millions, except per share amounts) (In millions) Year Ended December 31, 2023 Year Ended December 31, 202