Company: BWXT
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001486957-25-000052
Chunk: 9

Company: BWX Technologies, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
Item 1.    CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended June 30,Six Months Ended June 30, 2025202420252024(Unaudited)(In thousands, except share and per share amounts)Revenues$764,039 $681,465 $1,446,297 $1,285,431 Costs and Expenses:Cost of operations572,642 513,196 1,089,707 968,553 Research and development costs4,565 1,271 6,578 2,761 (Gains) Losses on asset disposals and impairments, net13 (4)(4,418)(4)Selling, general and administrative expenses102,940 79,780 190,509 147,141 Total Costs and Expenses680,160 594,243 1,282,376 1,118,451 Equity in Income of Investees18,545 11,584 35,133 24,787 Operating Income102,424 98,806 199,054 191,767 Other Income (Expense):Interest income551 540 1,273 1,386 Interest expense(11,741)(10,688)(19,735)(20,283)Other – net6,525 2,971 8,984 7,136 Total Other Income (Expense)(4,665)(7,177)(9,478)(11,761)Income before Provision for Income Taxes97,759 91,629 189,576 180,006 Provision for Income Taxes19,297 18,584 35,588 38,427 Net Income$78,462 $73,045 $153,988 $141,579 Net Income Attributable to Noncontrolling Interest(74)(73)(138)(139)Net Income Attributable to BWX Technologies, Inc.$78,388 $72,972 $153,850 $141,440 Earnings per Common Share:Basic:Net Income Attributable to BWX Technologies, Inc.$0.86 $0.80 $1.68 $1.54 Diluted:Net Income Attributable to BWX Technologies, Inc.$0.85 $