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

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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Item 1.    CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024(Unaudited)(In thousands, except share and per share amounts)Revenues$866,286 $671,956 $2,312,583 $1,957,387 Costs and Expenses:Cost of operations677,292 508,000 1,766,999 1,476,553 Research and development costs3,479 2,081 10,057 4,842 (Gains) Losses on asset disposals and impairments, net1 — (4,417)(4)Selling, general and administrative expenses93,381 80,829 283,890 227,970 Total Costs and Expenses774,153 590,910 2,056,529 1,709,361 Equity in Income of Investees21,216 15,532 56,349 40,319 Operating Income113,349 96,578 312,403 288,345 Other Income (Expense):Interest income1,016 663 2,289 2,049 Interest expense(14,019)(9,907)(33,754)(30,190)Other – net7,222 3,290 16,206 10,426 Total Other Income (Expense)(5,781)(5,954)(15,259)(17,715)Income before Provision for Income Taxes107,568 90,624 297,144 270,630 Provision for Income Taxes25,377 20,983 60,965 59,410 Net Income$82,191 $69,641 $236,179 $211,220 Net Income Attributable to Noncontrolling Interest(85)(158)(223)(297)Net Income Attributable to BWX Technologies, Inc.$82,106 $69,483 $235,956 $210,923 Earnings per Common Share:Basic:Net Income Attributable to BWX Technologies, Inc.$0.90 $0.76 $2.58 $2.30 Diluted:Net Income Attributable to BWX Technologies, Inc.$0