Bwx Technologies Inc ( (BWXT) ) has released its Q4 earnings. Here is a breakdown of the information Bwx Technologies Inc presented to its investors.
BWX Technologies, Inc. is a leading provider of nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine, and space exploration, with operations across the U.S., Canada, and the U.K. The company is known for its innovation in manufacturing and engineering within the defense sector.
BWX Technologies reported strong financial results for the fourth quarter and full year 2024, with significant revenue growth and strategic acquisitions. The company closed the acquisition of A.O.T and announced plans to acquire Kinectrics, Inc., positioning itself for continued expansion in 2025.
Key financial highlights include a full-year revenue increase to $2.7 billion, driven by growth in both Government and Commercial Operations. The company achieved a net income of $282.3 million and an adjusted EBITDA of $498.7 million. The Government Operations segment saw a 7% revenue increase, while Commercial Operations grew by 12%. BWXT also reported a 20% increase in free cash flow to $254.8 million.
Looking ahead, BWX Technologies has initiated 2025 guidance with expectations of non-GAAP EPS between $3.40 and $3.55, adjusted EBITDA of $550 million to $570 million, and free cash flow of $265 million to $285 million. The company remains focused on strategic growth and operational excellence to drive shareholder value.
BWX Technologies is optimistic about the future, with management expressing confidence in continued demand across its national security, clean energy, and medical markets. The company is committed to enhancing its portfolio of high-quality nuclear solutions through both organic and inorganic investments.