Company: BWXT
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001486957-25-000052
Chunk: 41

Company: BWX Technologies, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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2025 compared to $98.8 million for the corresponding period of 2024. Operating income in our Government Operations segment increased $16.9 million which was partially offset by a decrease in operating income in our Commercial Operations segment of 

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$9.8 million and an increase in Unallocated Corporate expenses of $3.5 million when compared to the corresponding period in the prior year.

Six months ended June 30, 2025 vs. 2024

Consolidated revenues increased 12.5%, or $160.9 million, to $1,446.3 million in the six months ended June 30, 2025 compared to $1,285.4 million for the corresponding period of 2024, due to increases in our Government Operations and Commercial Operations segments of $116.3 million and $45.9 million, respectively.

Consolidated operating income increased $7.3 million to $199.1 million in the six months ended June 30, 2025 compared to $191.8 million for the corresponding period of 2024. Operating income in our Government Operations segment increased $29.0 million which was partially offset by a decrease in operating income in our Commercial Operations segment of $11.9 million and an increase in Unallocated Corporate expenses of $9.8 million when compared to the corresponding period in the prior year.

Government Operations

 Three Months EndedJune 30, Six Months EndedJune 30,  20252024$ Change20252024$ Change (In thousands)Revenues$588,959 $540,846 $48,113 $1,144,246 $1,027,967 $116,279 Operating Income$109,417 $92,520 $16,897 $207,163 $178,206 $28,957 % of Revenues18.6%17.1%18.1%17.3%

Three months ended June 30, 2025 vs. 2024

Revenues increased $48.1 million, or 8.9%, to $589.0 million in the three months ended June 30, 2025 compared to $540.8 million for the corresponding period of 2024. The increase was primarily driven by uranium processing and downblending operations of $48.9 million which includes revenues associated with the acquisition of A.O.T., which was completed on January 3,