BWX Technologies, Inc. (BWXT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to BWX Technologies' third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mood. Following the company's prepared remarks, we will conduct a question and answer session and instructions will be 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. Good evening and welcome to today's call. Joining me are Rex Chevedon, President and CEO, and Mike Fitzgerald, Senior Vice President and CFO. On today's call, we'll reference the third quarter 2025 earnings presentation that is available on the investor section of the BWFC 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 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 BWXT website. I would now like to turn the call over to Rex. Thank you, Chase, and good evening to all of you. I'm excited to report another strong order for BWXT. showcasing the effectiveness of our battle plan strategy and our leading position in nuclear solutions for the global security, clean energy, and medical end markets, all of which are enjoying unprecedented demand. Third quarter financial results exceeded our expectations, driven by focused execution and revenue growth in both government and commercial operations. We delivered 12% organic revenue growth and roughly 20% adjusted EBITDA and earnings per share growth alongside robust free cash flow generation. Book-to-bill was a stout 2.6 this ...