Company: BWXT
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001486957-25-000026
Chunk: 60

Company: BWX Technologies, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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ING

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 EndedMarch 31, 20252024 (In thousands)REVENUES:Government Operations$555,286 $487,121 Commercial Operations128,310 117,038 Eliminations(1,338)(193)$682,258 $603,966 SEGMENT EXPENSES:Government OperationsResearch and Development Costs$1,451 $1,447 Gains on Asset Disposals and Impairments, Net(4,431)— Other Segment Expenses (1)477,108 413,191 474,128 414,638 Commercial OperationsResearch and Development Costs562 43 Other Segment Expenses (1)121,282 108,404 121,844 108,447 Total Segment Expenses$595,972 $523,085 OPERATING INCOMEGovernment Operations$97,746 $85,686 Commercial Operations6,466 8,591 104,212 94,277 Unallocated Corporate (2)(7,582)(1,316)Total Operating Income (3)$96,630 $92,961 Other Income (Expense)(4,813)(4,584)Income before Provision for Income Taxes$91,817 $88,377 (1)Other segment expenses include the total cost of operations and selling, general, and administrative expenses.(2)Unallocated Corporate includes general corporate overhead not allocated to segments in addition to losses on asset disposals and impairments, net.(3)The following amounts are included in Operating Income:Equity in Income of Investees:Government Operations$16,588 $13,203 Commercial Operations— — $16,588 $13,203 

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 Three Months EndedMarch 31, 20252024 (In thousands)CAPITAL EXPENDITURES:Government Operations$18,500 $16,383 Commercial Operations13,209 13,344 Segment Capital Expenditures31,709 29,727 Corporate Capital Expenditures1,660 695 Total Capital Expenditures$33,369 $30,422 DEPRECIATION AND AMORTIZATION:Government Operations$18,096 $14,234 Commercial Operations4,019 4,444 Segment Depreciation and Am