Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 39

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 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 $2.30 Diluted:Net Income Attributable to BWX Technologies, Inc.$82,106 $69,483 $235,956 $210,923 Weighted-average common shares (basic)91,565,095 91,574,531 91,567,382 91,564,726 Effect of dilutive securities:Stock options, restricted stock units and performance shares (1)222,507 312,179 220,620 284,998 Adjusted weighted-average common shares91,787,602 91,886,710 91,788,002 91,849,724 Diluted earnings per common share$0.89 $0.76 $2.57 $2.30 (1)At September 30, 2025 and 2024, we excluded 12,297 and 109,146 shares, respectively, from our diluted share calculation as their effect would have been antidilutive.

Item 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following information should be read in conjunction with the unaudited condensed consolidated financial statements and the notes thereto included in Item 1 in Part I of this quarterly report on Form 10-Q ("Report"), as well as the audited consolidated financial statements and the related notes and Item 7 of our annual report on Form 10-K for the year ended December 31, 2024