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LYNCHBURG, Va. - BWX Technologies, Inc. (NYSE:BWXT) reported first quarter 2025 results that exceeded analyst expectations, driving shares up 2.9% in after-hours trading.
The nuclear components and fuel supplier posted adjusted earnings per share of $0.91, beating the consensus estimate of $0.77 by 18%. Revenue rose 13% year-over-year to $682.3 million, surpassing analyst projections of $648.7 million.
"We had a solid start to 2025 with financial results that were ahead of expectations, driven by an increased pace of work and good operational performance," said Rex D. Geveden, president and chief executive officer of BWXT.
The company’s Government Operations segment saw revenues climb 14% to $555.3 million, while Commercial Operations revenue increased 10% to $128.3 million compared to the same quarter last year.
BWXT reaffirmed its full-year 2025 guidance, projecting adjusted earnings per share between $3.40 and $3.55. The midpoint of this range aligns closely with the current analyst consensus of $3.52.
The company highlighted strong commercial backlog growth and robust opportunities in government markets. BWXT recently purchased land in Oak Ridge, Tennessee to support the U.S. Department of Energy’s National Nuclear Security Administration Domestic Uranium Enrichment Centrifuge Experiment.
"Our vertically integrated nuclear capabilities, unique infrastructure, and highly-skilled workforce enable our customers to put their trust in BWXT to support their most important programs through all economic cycles in the global security, clean energy, and nuclear medicine markets," Geveden added.
BWXT ended the quarter with a total backlog of $4.88 billion, up from $3.64 billion in the prior-year period, providing visibility into future revenue streams.
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