Company: BWXT
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001486957-25-000052
Chunk: 72

Company: BWX Technologies, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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 million and $6.0 million, respectively, with associated tax benefit totaling $1.7 million and $1.1 million, respectively. Stock-based compensation recognized for all of our plans for the six months ended June 30, 2025 and 2024 totaled $13.4 million and $10.4 million, respectively, with associated tax benefit totaling $2.7 million and $1.8 million, respectively.

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Table of Contents

NOTE 8 – SEGMENT REPORTING

As described in Note 1, our operations are assessed based on two reportable segments. An analysis of our operations by reportable segment is as follows:Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024 (In thousands)REVENUES:Government Operations$588,959 $540,846 $1,144,246 $1,027,967 Commercial Operations176,139 141,491 304,449 258,529 Eliminations(1,059)(872)(2,398)(1,065)$764,039 $681,465 $1,446,297 $1,285,431 SEGMENT EXPENSES:Government OperationsResearch and Development Costs$1,924 $1,156 $3,375 $2,603 (Gains) Losses on Asset Disposals and Impairments, Net— (2)(4,431)$(2)Other Segment Expenses (1)495,979 458,756 973,088 $871,947 497,903 459,910 $972,032 $874,548 Commercial OperationsResearch and Development Costs2,641 115 3,203 $158 (Gains) Losses on Asset Disposals and Impairments, Net13 (2)13 $(2)Other Segment Expenses (1)166,792 124,749 288,074 $233,154 169,446 124,862 291,290 $233,310 Total Segment Expenses$667,349 $584,772 $1,263,322 $1,107,858 OPERATING INCOMEGovernment Operations$109,417 $92,520 $207,163 $178,206 Commercial Operations6,877 16,628 13,342 25,219 116,294 109,148