Company: BWXT
Filing Date: 2025-03-19
Form Type: 10-K/A
Source: 0001486957-25-000015
Chunk: 137

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: 10-K/A
Chunk 137
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4           
 (In thousands) |           |     | 2023 |           |     | 2022 |           |
|:-----------------------------------|:----|:---------------|----------:|:----|:-----|----------:|:----|:-----|----------:|
| United States                      |     | $              |   813,352 |     | $    |   784,062 |     | $    |   743,767 |
| Canada                             |     |                |   462,593 |     |      |   442,755 |     |      |   389,490 |
| United Kingdom                     |     |                |     2,216 |     |      |     1,703 |     |      |     1,640 |
|                                    |     | $              | 1,278,161 |     | $    | 1,228,520 |     | $    | 1,134,897 |

See Note 3 for revenues by geographic area for each of our segments.

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Information about our Major Customers:

In the years ended December 31, 2024, 2023 and 2022, sales to the U.S. Government accounted for approximately 95%, 93% and 94% of our Government Operations segment revenues, respectively. In the years ended December 31, 2024, 2023 and 2022, sales to large utility customers accounted for approximately 71%, 77% and 74% of our Commercial Operations segment revenues, respectively.

Evaluation of segment performance:

Our CODM is the Company's President and Chief Executive Officer. Our 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 16 – QUARTERLY FINANCIAL DATA (UNAUDITED)
The following tables set forth selected unaudited quarterly financial information for the years ended December 31, 2024 and 2023:

|                                                   |     | Year Ended December 31, 2024            
 Quarter Ended                           | March 31, 
      2024 |     |   | June 30, 
     2024 |     |   | September 30,