BWX Technologies, Inc.
Description
BWX Technologies, Inc., together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers. This segment also involved in manufacture of close-tolerance and equipment for nuclear applications; down blend government stockpiles of uranium; receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; and supplies research reactor fuel elements for colleges, universities, and national laboratories, as well as components for defense applications. The Commercial Operations segment designs and manufactures commercial nuclear steam generators, heat exchangers, pressure vessels, and reactor components; and other auxiliary equipment, including containers for the storage of nuclear fuel and other high-level nuclear waste. This segment also offers nuclear fuel, fuel handling systems, tooling delivery systems, nuclear grade materials, and precisely machined components, and related services for CANDU nuclear power plants; provides in-plant inspection, maintenance, and modification services, as well as non-destructive examination and tooling/repair solutions; and manufactures medical radioisotopes, radiopharmaceuticals, and medical devices. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. BWX Technologies, Inc. was founded in 1867 and is headquartered in Lynchburg, Virginia.
About
CEO
Mr. Rex D. Geveden
Employees
7,800
Instrument type
Common Stock
Sector
Industrials
Industry
Aerospace & Defense
MIC code
XNYS
Address
800 Main Street, Lynchburg, VA 24504, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 5, 2025 | — | — | — | — |
| Feb 25, 2025 | 0.80 | — | — | — |
| Nov 5, 2024 | 0.78 | 0.83 | 0.05 | 6.41% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 10 |
| Average estimate | — | 0.75 | — | 3.45 |
| Low estimate | — | 0.70 | — | 3.38 |
| High estimate | — | 0.82 | — | 3.62 |
| Last year EPS | — | 0.76 | — | 3.22 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-19.450%
Next qtr. (Mar 2025)
-1.550%
Current year
6.600%
Next year (Dec 2025)
7.150%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.50B | 2.23B | 2.12B | 2.12B | 1.89B |
| Cost of revenue | 1.88B | 1.68B | 1.57B | 1.55B | 1.36B |
| Gross profit | 620.59M | 551.94M | 550.28M | 575.40M | 533.86M |
| Operating expense | |||||
| Research & development | 7.61M | 9.54M | 11.06M | 14.19M | 17.67M |
| Selling general and admin | 279.69M | 234.28M | 230.40M | 231.17M | 216.77M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 333.29M | 308.12M | 308.82M | 330.04M | 299.42M |
| Non operating interest income | |||||
| Income | 2.36M | 758,000 | 416,000 | 518,000 | 942,000 |
| Expense | 47.04M | 36.41M | 35.76M | 31.01M | 35.32M |
| Other income expense | 32.79M | 41.91M | 122.24M | 62.63M | 48.70M |
| Pretax income | 321.40M | 314.38M | 395.71M | 362.17M | 313.74M |
| Tax provision | 75.08M | 75.76M | 89.43M | 82.98M | 69.07M |
| Net income | 246.32M | 238.62M | 306.29M | 279.20M | 244.68M |
| Basic EPS | 2.68 | 2.60 | 3.24 | 2.92 | 2.56 |
| Diluted EPS | 2.68 | 2.60 | 3.24 | 2.91 | 2.55 |
| Basic average shares | 91.62M | 91.45M | 94.28M | 95.46M | 95.38M |
| Diluted average shares | 91.62M | 91.45M | 94.28M | 95.46M | 95.38M |
| EBITDA | 448.04M | 430.15M | 497.02M | 452.50M | 413.61M |
| Net income from continuing op. | 246.32M | 238.62M | 306.29M | 279.20M | 244.68M |
| Minority interests | -472,000 | -429,000 | -417,000 | -526,000 | -562,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.75B | 2.62B | 2.50B | 2.29B | 1.91B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 75.77M | 35.24M | 33.89M | 42.61M | 86.54M |
| Other short term investments | — | 3.80M | 3.81M | 3.71M | 5.84M |
| Accounts receivable | 141.70M | 136.24M | 138.82M | 230.78M | 116.82M |
| Other receivables | 533.16M | 538.37M | 546.60M | 449.18M | 376.04M |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | 2.86M | 2.93M | 2.90M | 3.07M | 3.06M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 64.32M | 55.04M | 47.72M | 44.26M | 41.46M |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 10.63M | 9.84M | 9.54M | 9.59M | 8.92M |
| Machinery furniture equipment | 1.11B | 1.03B | 957.42M | 827.79M | 776.00M |
| Construction in progress | 571.76M | 515.49M | 487.86M | 420.37M | 265.72M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -843.45M | -782.42M | -731.05M | -709.08M | -691.85M |
| Goodwill | 779.55M | 779.94M | 756.56M | 760.17M | 742.40M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 185.51M | 193.61M | 185.55M | 192.75M | 191.39M |
| Investments and advances | 98.10M | 108.30M | 94.84M | 81.16M | 77.74M |
| Other non current assets | 120.11M | 117.35M | 116.11M | 145.81M | 154.29M |
| Total liabilities | 1.81B | 1.87B | 1.86B | 1.68B | 1.50B |
| Current liabilities | |||||
| Accounts payable | 126.65M | 127.11M | 189.84M | 184.39M | 170.68M |
| Accrued expenses | 70.21M | 84.69M | 86.32M | 83.32M | 61.26M |
| Short term debt | 6.25M | 6.25M | — | 88.69M | 14.71M |
| Deferred revenue | 107.39M | 88.73M | 111.62M | 83.58M | 75.43M |
| Tax payable | — | — | — | — | — |
| Pensions | 64.54M | 61.08M | 71.84M | 89.74M | 82.64M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.20B | 1.28B | 1.19B | 862.73M | 809.44M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 43.47M | 53.12M | 38.86M | 28.58M | 14.52M |
| Shareholders equity | |||||
| Common stock | 1.28M | 1.28M | 1.27M | 1.27M | 1.27M |
| Retained earnings | 2.09B | 1.93B | 1.78B | 1.55B | 1.34B |
| Other shareholders equity | -7.46M | -21.93M | 12.14M | 8.20M | -7.45M |
| Total shareholders equity | 933.30M | 748.36M | 637.24M | 617.77M | 404.11M |
| Additional paid in capital | 206.48M | 189.26M | 174.29M | 153.80M | 134.07M |
| Treasury stock | 1.36B | 1.35B | 1.33B | 1.10B | 1.07B |
| Minority interest | -50,000 | 45,000 | 60,000 | 2,000 | 6,000 |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Net Income | 246.32M | 238.62M | 306.29M | 279.20M | 244.68M | 227.31M | 148.37M | 183.61M | 131.45M | 21.46M | 332.59M | 217.56M | 70.62M | 140.20M | 147.92M | 323.85M |
| Depreciation | 78.57M | 73.84M | 69.08M | 60.67M | 61.72M | 60.10M | 56.56M | 50.55M | 78.62M | 105.80M | 70.53M | 69.70M | 73.00M | 71.63M | 72.71M | 79.72M |
| Deferred Taxes | -5.13M | 5.52M | 40.09M | 7.89M | 3.79M | 17.45M | 93.46M | -7.23M | -38.49M | -95.70M | 94.07M | 43.04M | -19.20M | 31.17M | 29.54M | 23.73M |
| Stock-Based Compensation | 15.90M | 14.13M | 18.61M | 16.84M | 12.73M | 11.88M | 15.22M | 15.37M | 31.70M | 23.46M | 29.01M | 31.80M | 17.93M | 16.31M | — | — |
| Other Non-Cash Items | -496,000 | 7.70M | 5.61M | -792,000 | 963,000 | -2.24M | -194,000 | -13.57M | — | 5.83M | 15.79M | 17.94M | 16.58M | -20.41M | -3.22M | -2.64M |
| Accounts Receivable | -6.15M | 19.36M | 87.88M | -106.88M | 27.08M | 62.19M | -42.80M | 28.57M | 40.09M | -50.08M | 19.73M | -52.03M | -26.89M | 101.26M | 82.94M | 30.12M |
| Accounts Payable | -9.03M | -40.50M | 28.80M | -1.24M | 44.59M | 1.89M | -7.48M | 19.55M | -23.99M | -81.04M | 54.90M | 30.39M | 48.25M | 19.88M | -40.56M | -4.08M |
| Other Assets & Liabilities | 8.26M | -101.42M | -129.43M | -73.49M | -100.31M | -247.33M | -29.91M | -77.41M | 39.73M | -119.36M | -261.85M | -190.12M | -175.08M | -248.15M | -53.87M | -415.95M |
| Operating Cash Flow | 328.24M | 217.25M | 426.94M | 182.20M | 295.25M | 131.25M | 233.23M | 199.44M | 259.11M | -189.63M | 354.75M | 168.27M | 5.21M | 111.90M | 235.45M | 34.76M |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -151.29M | -198.31M | -311.05M | -255.03M | -182.12M | -109.34M | -96.88M | -52.63M | -68.34M | -76.03M | -64.95M | -86.64M | -63.87M | -63.65M | -93.48M | -63.01M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | -722,000 | -2.20M | — | — | — | — | — |
| Net Acquisitions | — | -58.78M | — | -15.91M | — | -222.05M | -3.50M | -126.95M | -200,000 | -132.60M | -6.88M | -4.29M | -50.08M | -72.87M | -8.50M | -190.88M |
| Purchase of Investments | -2.34M | -3.80M | -4.74M | -4.23M | -4.21M | -4.52M | -3.24M | -18.65M | -13.47M | -23.62M | -90.84M | -268.93M | -145.20M | -135.14M | -2.70M | -59.20M |
| Sale of Investments | 6.00M | 3.81M | 5.55M | 6.36M | 5.87M | 3.93M | 12.85M | 9.26M | 6.46M | 40.73M | 168.88M | 247.65M | 147.29M | 134.28M | 45.23M | — |
| Investing Cash Flow | -155.64M | -256.24M | -304.65M | -265.32M | -180.00M | -326.72M | -89.68M | -188.92M | -71.89M | -199.08M | 22.25M | -111.40M | -154.32M | -90.31M | -67.64M | -304.56M |
| Financing Activities | ||||||||||||||||
| Long-Term Debt Issuance | 353.10M | 978.20M | 1.32B | 844.50M | 699.60M | 1.16B | 109.40M | 539.50M | 177.35M | 1.16B | — | — | — | — | — | — |
| Long-Term Debt Payments | -434.35M | -878.20M | -1.01B | -794.68M | -654.10M | -876.21M | -137.05M | -305.91M | -177.35M | -860.64M | -211,000 | -4.64M | -1.78M | -29.91M | -6.16M | -4.77M |
| Other Financing Charges | -3.15M | 15.03M | -10.24M | -21.38M | -8.29M | -16.91M | -8.60M | -10.45M | -317.52M | -10.94M | -322,000 | -3.85M | 3.60M | -179.03M | -1.81M | 13.38M |
| Financing Cash Flow | -169.37M | 13.95M | -90.14M | 22.23M | -48.16M | -12.90M | -78.30M | -107.22M | -421.74M | 94.25M | -195.15M | -110.93M | 3.07M | -183.94M | -14.12M | 55.25M |
| Other Cash Details | ||||||||||||||||
| End Cash Position | 81.62M | 40.99M | 39.78M | 48.30M | 92.40M | 36.41M | 213.14M | 134.60M | 154.73M | 312.97M | 346.12M | 383.55M | 415.21M | 391.14M | 469.47M | 279.65M |
| Income Tax Paid | 84.48M | 71.76M | 44.95M | 73.59M | 70.06M | 58.72M | 38.43M | 66.29M | 117.75M | 74.73M | 86.92M | 83.06M | 33.51M | 27.23M | 29.66M | 12.26M |
| Interest Paid | 63.22M | 51.34M | 50.84M | 38.27M | 39.67M | 16.99M | 14.25M | 6.51M | 6.65M | 6.06M | 1.79M | 2.05M | 4.53M | 3.75M | 24.73M | 27.52M |
| Free Cash Flow | 212.42M | 46.39M | 74.97M | -58.59M | 97.24M | 59.95M | 125.08M | 187.27M | 266.82M | 3.92M | 70.74M | 98.29M | 109.72M | 128.76M | 159.10M | -2.93M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 2,936,148 | 326.94M | 3.21% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 2,892,174 | 322.04M | 3.16% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 2,288,574 | 254.83M | 2.50% |
| Price (T.Rowe) Mid Cap Growth Fund | Sep 30, 2024 | 1,722,400 | 191.79M | 1.88% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,365,728 | 152.07M | 1.49% |
| Franklin Custodian Funds-Growth Fund | Sep 30, 2024 | 1,344,011 | 149.66M | 1.47% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 1,261,892 | 140.51M | 1.38% |
| iShares U.S. Aerospace & Defense ETF | Nov 30, 2024 | 1,099,762 | 122.46M | 1.20% |
| Bridge Builder Tr-Bridge Builder Large Cap Value Fd | Sep 30, 2024 | 1,015,333 | 113.06M | 1.11% |
| SPDR (R) Ser Tr-SPDR S&P Aerospace & Defense ETF | Nov 30, 2024 | 886,600 | 98.72M | 0.97% |
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