Company: BWXT
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001486957-25-000026
Chunk: 35

Company: BWX Technologies, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 due to increases in our Government Operations and Commercial Operations segments of $68.2 million and $11.3 million, respectively.

Consolidated operating income increased $3.7 million to $96.6 million in the three months ended March 31, 2025 compared to $93.0 million for the corresponding period of 2024. Operating income in our Government Operations segment increased $12.1 million which was partially offset by a decrease in operating income in our Commercial Operations segment of $2.1 million and an increase in Unallocated Corporate expenses of $6.3 million when compared to the corresponding period in the prior year.

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Government Operations

 Three Months EndedMarch 31,  20252024$ Change (In thousands)Revenues$555,286 $487,121 $68,165 Operating Income$97,746 $85,686 $12,060 % of Revenues17.6%17.6%

Three months ended March 31, 2025 vs. 2024

Revenues increased $68.2 million, or 14.0%, to $555.3 million in the three months ended March 31, 2025 compared to $487.1 million for the corresponding period of 2024. The increase was primarily driven by the timing of long-lead material procurements of $62.5 million and the acquisition of A.O.T. during the quarter ended March 31, 2025 which increased revenues by $6.3 million. These increases were partially offset by a decrease in revenues associated with our advanced technologies business.

Operating income increased $12.1 million to $97.7 million in the three months ended March 31, 2025 compared to $85.7 million for the corresponding period of 2024, primarily driven by the operating income impact of the changes in revenues noted above.

Commercial Operations

 Three Months EndedMarch 31,  20252024$ Change (In thousands)Revenues$128,310 $117,038 $11,272 Operating Income$6,466 $8,591 $(2,125)% of Revenues5.0%7.3%

Three months ended March 31, 2025 vs. 2024

Revenues increased 9.6%, or $11.3 million, to $128.3 million in the three months ended March 31, 2025 compared to $117.0 million