Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 74

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 74
---
 recognize approximately 35% of the revenue associated with our remaining performance obligations by the end of 2026, with the remainder to be recognized thereafter.

NOTE 4 – PENSION PLANS AND POSTRETIREMENT BENEFITS

We record the service cost component of net periodic benefit cost within Operating income on our condensed consolidated statements of income. For the three months ended September 30, 2025 and 2024, these amounts were $5.2 million and $2.0 million, respectively. For the nine months ended September 30, 2025 and 2024, these amounts were $10.3 million and $5.9 million, respectively. All other components of net periodic benefit cost are included in Other – net within the condensed consolidated statements of income. For the three months ended September 30, 2025 and 2024, these amounts were $(2.4) million and $(2.8) million, respectively. For the nine months ended September 30, 2025 and 2024, these amounts were $(6.1) million and $(8.5) million, respectively. Components of net periodic benefit cost included in net income were as follows: Pension BenefitsOther BenefitsThree Months EndedSeptember 30,Nine Months EndedSeptember 30,Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 20252024202520242025202420252024 (In thousands)Service cost$4,446 $1,880 $9,026 $5,645 $764 $96 $1,233 $289 Interest cost16,759 11,377 41,994 34,140 1,294 503 2,695 1,511 Expected return on plan assets(20,796)(15,072)(51,787)(45,225)(486)(487)(1,459)(1,461)Amortization of prior service cost 792 820 2,375 2,460 22 11 66 34 Net periodic benefit (income) / loss$1,201 $(995)$1,608 $(2,980)$1,594 $123 $2,535 $373 

NOTE 5 – COMMITMENTS AND CONTINGENCIES

There were no material contingencies during the period covered by this Form 10-Q.

NOTE 6 – FAIR VALUE MEASUREMENTS

InvestmentsThe following is a