Company: BWXT
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001486957-25-000026
Chunk: 61

Company: BWX Technologies, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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ortization22,115 18,678 Corporate Depreciation and Amortization1,797 1,874 Total Depreciation and Amortization$23,912 $20,552 Information about our Product and Service Lines: Three Months EndedMarch 31, 20252024 (In thousands)REVENUES:Government Operations:Nuclear Components and Fuel$441,079 $374,255 Uranium Processing and Nuclear Services83,165 66,413 Advanced Reactor Design and Engineering31,042 46,453 $555,286 $487,121 Commercial Operations:Nuclear Manufacturing$86,210 $60,938 Nuclear Services and Engineering42,100 56,100 128,310 117,038 Eliminations(1,338)(193)$682,258 $603,966 Information about our Consolidated Operations in Different Geographic Areas:March 31,2025December 31,2024(In thousands)NET PROPERTY, PLANT AND EQUIPMENT:United States$821,445 $813,352 Canada474,191 462,593 United Kingdom2,423 2,216 $1,298,059 $1,278,161 See Note 3 for revenues by geographic area for each of our segments.

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Information about our Major Customers:In the three months ended March 31, 2025 and 2024, sales to the U.S. Government accounted for approximately 92% and 93% of our Government Operations segment revenues, respectively. In the three months ended March 31, 2025 and 2024, sales to large utility customers accounted for approximately 73% and 76% of our Commercial Operations segment revenues, respectively.Evaluation of segment performance:Our Chief Operating Decision Maker ("CODM") measures the performance of each segment based on several metrics, including revenue and operating income and uses these results, in part, to evaluate the performance of and to allocate resources to each segment. Our CODM does not use assets by segment to evaluate segment performance or allocate resources. Consequently, we do not disclose assets by segment.

NOTE 9 – EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:Three Months EndedMarch 31, 20252024 (In thousands, except share and per share amounts)Basic:Net Income Attributable to BWX Technologies, Inc.$75,462