Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 85

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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 $1,760,943 $1,588,040 $172,903 Commercial Operations250,971 113,112 137,859 555,420 371,641 183,779 Eliminations(1,382)(1,229)(153)(3,780)(2,294)(1,486)$866,286 $671,956 $194,330 $2,312,583 $1,957,387 $355,196 OPERATING INCOME:Government Operations$97,371 $101,609 $(4,238)$304,536 $279,815 $24,721 Commercial Operations23,959 6,728 17,231 37,301 31,947 5,354 $121,330 $108,337 $12,993 $341,837 $311,762 $30,075 Unallocated Corporate(7,981)(11,759)3,778 (29,434)(23,417)(6,017)Total Operating Income$113,349 $96,578 $16,771 $312,403 $288,345 $24,058 

Consolidated Results of Operations

Three months ended September 30, 2025 vs. 2024

Consolidated revenues increased 28.9%, or $194.3 million, to $866.3 million in the three months ended September 30, 2025 compared to $672.0 million for the corresponding period of 2024, due to increases in our Government Operations and Commercial Operations segments of $56.6 million and $137.9 million, respectively.

Consolidated operating income increased $16.8 million to $113.3 million in the three months ended September 30, 2025 compared to $96.6 million for the corresponding period of 2024. Operating income in our Commercial Operations segment increased $17.2 million which was partially offset by a decrease in operating income in our Government Operations segment of $4.2 million when compared to the corresponding period in the prior year. Operating income also increased as a result of lower Unallocated Corporate expenses of $3.8 million when compared to the corresponding period in the prior year.

Nine months ended September 30, 2025 vs. 2024

Consolidated revenues increased 18.1%, or $355.2 million,