Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 79

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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,286 $671,956 $2,312,583 $1,957,387 Information about our Consolidated Operations in Different Geographic Areas:September 30,2025December 31,2024(In thousands)NET PROPERTY, PLANT AND EQUIPMENT:United States$847,840 $813,352 Canada676,646 462,593 All Other Countries11,865 2,216 $1,536,351 $1,278,161 See Note 3 for revenues by geographic area for each of our segments.

Information about our Major Customers:In the three months ended September 30, 2025 and 2024, sales to the U.S. Government accounted for approximately 91% and 92% of our Government Operations segment revenues, respectively. In the nine months ended September 30, 2025 and 2024, sales to the U.S. Government accounted for approximately 90% and 93% of our Government Operations segment revenues, respectively. In the three months ended September 30, 2025 and 2024, sales to large utility customers accounted for approximately 45% and 75% of our Commercial Operations segment revenues, respectively. In the nine months ended September 30, 2025 and 2024, sales to large utility customers accounted for approximately 56% and 75% of our Commercial Operations segment revenues, respectively.Evaluation of segment performance:Our Chief Operating Decision Maker ("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 9 – EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024 (In thousands, except share and per share amounts)Basic:Net Income Attributable to BWX Technologies, Inc.$82,106 $69,483 $235,956 $210,923 Weighted-average common shares91,565,095 91,574,531 91,567,382 91,564,726 Basic earnings per common share$0.90 $0.76 $2.58 $2.