Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 69

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 of the filing date of this Form 10-Q. The amounts allocated to the assets acquired and liabilities assumed have been determined by management, using provisional 

estimates of fair value based on information currently available and on current assumptions of future operations. These provisional fair values are subject to change upon completion of purchase accounting, the impact of which may be material. The provisional estimates of fair value resulted in the recognition of $175.0 million of Property, Plant and Equipment, $149.7 million of Goodwill, $151.3 million of Intangible Assets, $39.5 million of Investments in Unconsolidated Affiliates and $24.9 million of net working capital, net of acquired Pension Liabilities and Other Postretirement Obligations totaling $90.3 million. These estimates reflect a reallocation of the purchase price during the three months ended September 30, 2025 which primarily resulted in an increase to Intangible Assets of $17.2 million with the principal offset to Property, Plant and Equipment.The intangible assets included above consist of the following (dollar amounts in thousands):AmountAmortization PeriodTrade name$35,900 IndefiniteDeveloped technology$7,900 20 yearsCustomer relationships$107,500 20 years

NOTE 3 – REVENUE RECOGNITION

As described in Note 1, our operations are assessed based on two reportable segments.Disaggregated RevenuesRevenues by geographic area and customer type were as follows: Three Months Ended September 30, 2025Three Months Ended September 30, 2024Government OperationsCommercial OperationsTotalGovernment OperationsCommercial OperationsTotal (In thousands)United States:Government$572,313 $88 $572,401 $533,545 $— $533,545 Non-Government38,224 33,056 71,280 19,654 18,240 37,894 $610,537 $33,144 $643,681 $553,199 $18,240 $571,439 Canada:Government$159 $— $159 $22 $— $22 Non-Government32 199,354 199,386 473 88,214 88,687 $191 $199,354 $199,545 $495 $88,214 $88,709 Other:Government$3,701