BWX Technologies, Inc. (BWXT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

gentlemen welcome to bwx technologies first quarter 2025 earnings conference call at this time all the participants are in a listen only mode following the company's prepared remarks we will conduct a question and answer session and instructions will be given given at that time i would now like to turn the call over to our host chase jacobson BWXT's Vice President of Investor Relations. Please go ahead. Thank you, France. Good evening, everyone, and welcome to today's call. Joining me are Rex Jevedin, President and CEO, and Rob Lemasters, Executive Vice President and CFO. On today's call, we will reference the first quarter 2025 earnings presentation that is available on the investor section of the BWXT website. We will also discuss certain matters that constitute forward-looking statements. These statements involve risks and uncertainties, including those described in the safe harbor provisions found in the investor materials in the company's SEC filing. We will frequently discuss non-GAAP financial measures, which are reconciled to GAAP measures in the appendix of the earnings presentation that can be found on the investor section of the BWFC website. I would now like to turn the call over to Rex. Thank you, Chase, and good evening to all of you. BWXT had a solid start to the year with good first quarter financial results and multiple strategic wins. Our first quarter financial performance exceeded expectations, highlighted by double digit year over year revenue, adjusted EBITDA, and adjusted earnings per share growth. We had solid execution across our businesses and benefited from an increased pace of work and timing of material procurement. From a demand perspective, we had another quarter of robust bookings performance, led by Commercial Operations, whose backlo...