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LYNCHBURG, Va. - BWX Technologies, Inc. (NYSE: NYSE:BWXT) reported fourth quarter earnings that exceeded analyst expectations and provided an upbeat forecast for 2025, sending its shares up 5% in after-hours trading Monday.
The nuclear components and fuel supplier posted adjusted earnings per share of $0.92 for Q4, surpassing the consensus estimate of $0.81. Revenue came in at $746.3 million, topping expectations of $722.25 million and rising 2.9% YoY.
For the full year 2024, BWXT reported adjusted EPS of $3.33 on revenue of $2.7 billion, up from $3.02 and $2.5 billion respectively in 2023.
Looking ahead, the company issued strong guidance for fiscal 2025, projecting EPS of $3.40-$3.55 compared to analyst estimates of $3.45. BWXT also forecast 2025 revenue of approximately $3 billion, above the $2.9 billion consensus.
"We closed out the year with better-than-expected fourth quarter financial results and are poised for another strong year in 2025," said Rex D. Geveden, president and CEO. He noted robust bookings in both the Commercial and Government Operations segments.
The company’s backlog grew to $4.84 billion at year-end, up from $4 billion a year earlier, providing visibility into future growth.
BWXT’s Q4 Government Operations revenue dipped slightly to $595 million, while Commercial Operations revenue jumped 23% to $152.3 million on higher sales of nuclear components, fuel and medical products.
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