Bwx Technologies, Inc. · NYSE:BWXT
Bwx Technologies — Q1 2025 Earnings Presentation
12 slides from Bwx Technologies's earnings presentation, May 5, 2025
Slide 1: First-Quarter 2025 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 First-Quarter 2025 Earnings Call energy, environmental remediation, nuclear medicine, and space exploration Presentat
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: First Quarter 2025 and Outlook Highlights
First Quarter 2025 and Outlook Highlights o 1Q25 Y/Y financial performance ‒ Revenue up 13%, driven by solid organic revenue growth in Government Operations and Commercial Operations ‒ Adjusted EBITDA(1) up 13% and Non-GAAP EPS(1) up 20% driven by higher operating earnings and a lower tax rate o Our
Slide 4: 1Q25 financial summary
1Q25 financial summary ($million, except per share amounts) Net income & Revenue adj. EBITDA(1) / margin Net 69 Our Purpose: 130 We employ nuclear technology 76 income 682 13% o 1Q25 revenue up 13% from higher revenue in Government 604 to solve 115 some of the world’sOperations most important 13% an
Slide 5: 1Q24 to 1Q25 non-GAAP EPS bridge
1Q24 to 1Q25 non-GAAP(1) EPS bridge ($ per diluted share) 0.05 0.91 Our Purpose: (0.01) 0.11 We employ nuclear 0.01 technology to solve some of the world’s most important problems 0.76 Our Mission: We provide safe and effective nuclear solutions forNon-operational Gov. Ops. revenue global security,
Slide 6: 1Q25 segment summary
1Q25 segment summary Government Operations Commercial Operations ($million) 128 555 Our Purpose: 14% We employ nuclear technology 1Q25 revenue up 14% from 10% 1Q25 revenue up 10% driven 117 487 to solve some of the higher naval nuclear component world’s most important by higher commercial nuclear Re
Slide 7: Reaffirming 2025 Guidance
Reaffirming 2025 Guidance BWXT consolidated guidance Other information (vs. 2024) o Revenue Growth ~$3.0B ‒ Government Operations: up mid-single digits including low-single digit organic Revenue growth + A.O.T. acquisition ‒ Commercial Operations: approximately 50%, including mid-teens organic growt
Slide 8: 2024 to 2025 non-GAAP EPS bridge
2024 to 2025 non-GAAP(1,2) EPS bridge ($ 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 most important (0.08)-(0.09) ~(0.01) 3.40 – 3.55 problems 3.33 Our Mission: We provide safe and effective nucle
Slide 9: Appendix
Appendix Non-GAAP reconciliations
Slide 10: 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 11: 1Q 2025 non-GAAP reconciliations
1Q 2025 non-GAAP reconciliations BWX TECHNOLOGIES, INC. RECONCILIATION OF NON-GAAP OPERATING INCOME AND EARNINGS PER SHARE(1)(2)(3) (In millions, except per share amounts) RECONCILIATION OF REPORTING SEGMENT ADJUSTED EBITDA(1)(2)(3)(4) Three Months Ended March 31, 2025 (In millions) Restructuring &
Slide 12: 1Q 2024 non-GAAP reconciliations
1Q 2024 non-GAAP reconciliations BWX TECHNOLOGIES, INC. RECONCILIATION OF NON-GAAP OPERATING INCOME AND EARNINGS PER SHARE(1)(2)(3) (In millions, except per share amounts) RECONCILIATION OF REPORTING SEGMENT ADJUSTED EBITDA(1)(2)(3) Three Months Ended March 31, 2024 (In millions) Restructuring Acqui