Company: BWXT
Filing Date: 2025-03-19
Form Type: 10-K/A
Source: 0001486957-25-000015
Chunk: 138

Company: BWX Technologies, Inc.
Filing Date: 2025-03-19
Form: 10-K/A
Chunk 138
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.67 |     | $ |     0.64 |     | $ |          0.66 |     | $ |         0.72 |

(1) Includes equity in income of investees.

In the quarter ended December 31, 2023, we recognized favorable contract adjustments totaling $27.9 million as a result of the successful negotiation of change orders related to cost growth that was driven by out-of-scope changes associated with the manufacture of non-nuclear components. In the quarter ended September 30, 2023, we recognized $22.5 million of favorable contract adjustments related to a nuclear operations contract.

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We immediately recognize actuarial gains (losses) for our pension and postretirement benefit plans in earnings as a component of net periodic benefit cost. Recorded in the quarters ended December 31, 2024 and 2023, the effects of these adjustments on pre-tax income were $(10.6) million and $(30.8) million, respectively.

#### NOTE 17 – EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:

|                                                                 |     | Year Ended December 31,          |       2024 |     |   |       2023 |     |   |       2022 |
|:----------------------------------------------------------------|:----|:---------------------------------|-----------:|:----|:--|-----------:|:----|:--|-----------:|
|                                                                 |     | -In thousands, except shares and 
 per share amounts                |            |     |   |            |     |   |            |
| Basic:                                                          |     |                                  |            |     |   |            |     |   |            |
| Net Income Attributable to BWX Technologies, Inc.               |     | $                                |    281,941 |     | $ |    245,849 |     | $ |    238,191 |
| Weighted-average common shares                                  |     |                                  | 91,572,674 |     |   | 91,619,156 |     |   | 91,447,088 |
| Basic earnings per common share                                 |     | $                                |       3.08 |     | $ |       2.68 |     | $ |       2.60 |
| Diluted:                                                        |     |                                  |            |     |   |            |     |   |            |