Guidance ExpectationsBWXT maintained most 2025 guidance including revenue, EBITDA and FCF, but expects margins in the commercial operations business segment to be at the lower end of the 2025 guidance range.
Regulatory RisksRisks include regulation, military spending, and competition.
Revenue Forecast1Q25 revenue and EBITDA exceeded expectations, but BWXT expects a q/q decline in revenue & EBITDA in 2Q25.