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

Company: BWX Technologies, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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Item 1.    CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended March 31, 20252024(Unaudited)(In thousands, except share and per share amounts)Revenues$682,258 $603,966 Costs and Expenses:Cost of operations517,065 455,357 Research and development costs2,013 1,490 Gains on asset disposals and impairments, net(4,431)— Selling, general and administrative expenses87,569 67,361 Total Costs and Expenses602,216 524,208 Equity in Income of Investees16,588 13,203 Operating Income96,630 92,961 Other Income (Expense):Interest income722 846 Interest expense(7,994)(9,595)Other – net2,459 4,165 Total Other Income (Expense)(4,813)(4,584)Income before Provision for Income Taxes91,817 88,377 Provision for Income Taxes16,291 19,843 Net Income$75,526 $68,534 Net Income Attributable to Noncontrolling Interest(64)(66)Net Income Attributable to BWX Technologies, Inc.$75,462 $68,468 Earnings per Common Share:Basic:Net Income Attributable to BWX Technologies, Inc.$0.82 $0.75 Diluted:Net Income Attributable to BWX Technologies, Inc.$0.82 $0.75 Shares used in the computation of earnings per share (Note 9):Basic91,594,084 91,555,384 Diluted91,873,702 91,860,923 

See accompanying notes to condensed consolidated financial statements.

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BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF

COMPREHENSIVE INCOME

Three Months Ended March 31, 20252024(Unaudited)(In thousands)Net Income$75,526 $68,534 Other Comprehensive Income (Loss):Currency translation adjustments4,135 (11,308)Derivative financial instruments:Unrealized gains (losses) arising during the period, net of tax (provision) benefit of $(178) and $