Company: BWXT
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001486957-25-000052
Chunk: 80

Company: BWX Technologies, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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 generally accounted for as if they were part of the existing contract as these modifications are not distinct from the existing contract and accounted for as a cumulative adjustment to revenue.

Results of Operations – Three and Six Months Ended June 30, 2025 vs. Three and Six Months Ended June 30, 2024

Selected financial highlights are presented in the table below:

 Three Months EndedJune 30, Six Months EndedJune 30,  20252024$ Change20252024$ Change (In thousands)REVENUES:Government Operations$588,959 $540,846 $48,113 $1,144,246 $1,027,967 $116,279 Commercial Operations176,139 141,491 34,648 304,449 258,529 45,920 Eliminations(1,059)(872)(187)(2,398)(1,065)(1,333)$764,039 $681,465 $82,574 $1,446,297 $1,285,431 $160,866 OPERATING INCOME:Government Operations$109,417 $92,520 $16,897 $207,163 $178,206 $28,957 Commercial Operations6,877 16,628 (9,751)13,342 25,219 (11,877)$116,294 $109,148 $7,146 $220,505 $203,425 $17,080 Unallocated Corporate(13,870)(10,342)(3,528)(21,451)(11,658)(9,793)Total Operating Income$102,424 $98,806 $3,618 $199,054 $191,767 $7,287 

Consolidated Results of Operations

Three months ended June 30, 2025 vs. 2024

Consolidated revenues increased 12.1%, or $82.6 million, to $764.0 million in the three months ended June 30, 2025 compared to $681.5 million for the corresponding period of 2024, due to increases in our Government Operations and Commercial Operations segments of $48.1 million and $34.6 million, respectively.

Consolidated operating income increased $3.6 million to $102.4 million in the three months ended June 30, 2025