Company: BWXT
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001486957-25-000026
Chunk: 11

Company: BWX Technologies, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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132, respectively616 (385)Reclassification adjustment for gains included in net income, net of tax provision of $37 and $21, respectively(132)(61)Amortization of benefit plan costs, net of tax benefit of $(158) and $(161), respectively639 670 Unrealized (losses) gains arising during the period, net of tax provision of $(85) and $(8), respectively(60)28 Investments:Reclassification adjustment for gains included in net income, net of tax provision of $80 and $—, respectively(301)— Other Comprehensive Income (Loss)4,897 (11,056)Total Comprehensive Income80,423 57,478 Comprehensive Loss (Income) Attributable to Noncontrolling Interest(64)(66)Comprehensive Income Attributable to BWX Technologies, Inc.$80,359 $57,412 

See accompanying notes to condensed consolidated financial statements.

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Table of Contents

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

ASSETS

March 31,2025December 31,2024(Unaudited)(In thousands)Current Assets:Cash and cash equivalents$55,435 $74,109 Restricted cash and cash equivalents2,813 2,785 Accounts receivable – trade, net89,142 99,112 Accounts receivable – other43,256 53,199 Retainages45,410 33,667 Contracts in progress639,654 577,745 Inventories49,648 40,288 Other current assets50,427 49,092 Total Current Assets975,785 929,997 Property, Plant and Equipment, Net1,298,059 1,278,161 Investments8,509 10,609 Goodwill349,329 287,362 Deferred Income Taxes4,730 6,569 Investments in Unconsolidated Affiliates124,022 99,403 Intangible Assets187,520 165,325 Other Assets106,054 92,498 TOTAL ASSETS$3,054,008 $2,869,924 

See accompanying notes to condensed consolidated financial statements.

4

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

LIABILITIES AND STOCKHOLDERS' EQUITY

March 31,202