Company: BWXT
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001486957-25-000026
Chunk: 23

Company: BWX Technologies, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
armaceutical industry and employs over 1,300 employees located across 20 sites worldwide. Following the close, Kinectrics will be reported as part of our Commercial Operations segment. Due to the pending nature of this transaction, we have not initiated a preliminary purchase price allocation as of the date of this filing.

12

NOTE 3 – REVENUE RECOGNITION

As described in Note 1, our operations are assessed based on two reportable segments.Disaggregated RevenuesRevenues by geographic area and customer type were as follows: Three Months Ended March 31, 2025Three Months Ended March 31, 2024Government OperationsCommercial OperationsTotalGovernment OperationsCommercial OperationsTotal (In thousands)United States:Government$525,294 $— $525,294 $462,232 $— $462,232 Non-Government24,274 16,062 40,336 21,610 16,795 38,405 $549,568 $16,062 $565,630 $483,842 $16,795 $500,637 Canada:Government$102 $— $102 $2 $— $2 Non-Government56 101,618 101,674 17 95,012 95,029 $158 $101,618 $101,776 $19 $95,012 $95,031 Other:Government$3,871 $— $3,871 $1,026 $— $1,026 Non-Government1,689 10,630 12,319 2,234 5,231 7,465 $5,560 $10,630 $16,190 $3,260 $5,231 $8,491 Segment Revenues$555,286 $128,310 683,596 $487,121 $117,038 604,159 Eliminations(1,338)(193)Revenues$682,258 $603,966 Revenues by timing of transfer of goods or services were as follows: Three Months Ended March 31, 2025Three Months Ended March 31, 2024Government OperationsCommercial OperationsTotalGovernment OperationsCommercial OperationsTotal (In thousands)Over time$550,545 $103,221 $653,766 $484,288 $96