BWX Technologies Reports First Quarter 2024 Results
06 May 2024
- 1Q24 revenues of $604.0 million
- 1Q24 net income of $68.5 million, adjusted EBITDA(1) of $115.2 million
- 1Q24 diluted GAAP EPS of $0.75, non-GAAP(1) EPS of $0.76
- Announced expansion of Cambridge manufacturing plant; enhancing capabilities to serve the global CANDU and Small Modular Reactor markets
- Reaffirms 2024 non-GAAP EPS(1) guidance of $3.05-$3.20
Lynchburg, VA – May 6, 2024 - BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported first quarter 2024 results. A reconciliation of non-GAAP results are detailed in Exhibit 1.
"We started 2024 with solid operating results in each of our business segments, both financially and strategically,” said Rex. D. Geveden, president and chief executive officer. “We continued to see good organic revenue growth across our business in the first quarter with profitability tracking well given the
significant onboarding of new team members and the programs we are executing to address our customers’ expanding missions.”