Quarterly ResultMay 4, 2026, 04:43 PM
BWX Technologies Q1 Revenue $860.2M, EPS $0.99; Raises 2026 Guidance
AI Summary
BWX Technologies reported strong first-quarter 2026 results, with revenues increasing 26% to $860.2 million, net income rising 21% to $91.2 million, and diluted GAAP EPS growing 21% to $0.99. The company also announced the acquisition of Precision Components Group, LLC (PCG) to establish a U.S. commercial nuclear component manufacturing footprint. Following these strong results and an optimistic market outlook, BWXT raised its full-year 2026 guidance for adjusted EBITDA, non-GAAP EPS, and free cash flow.
Key Highlights
- Announced the acquisition of Precision Components Group, LLC (PCG).
- Q1 2026 revenues increased 26% to $860.2 million from $682.3 million in Q1 2025.
- Q1 2026 net income rose 21% to $91.2 million from $75.5 million in Q1 2025.
- Q1 2026 diluted GAAP EPS increased 21% to $0.99 from $0.82 in Q1 2025.
- Commercial Operations revenue surged 121% to $283.6 million.
- Raised 2026 adjusted EBITDA guidance to $650 million-$665 million.
- Raised 2026 non-GAAP EPS guidance to $4.60-$4.75.
- Declared a quarterly cash dividend of $0.27 per common share.