BWX Technologies Inc. Reports Strong Third‑Quarter Performance and Dividend
BWX Technologies Inc. (NYSE: BWXT) posted a significant uptick in third‑quarter results, with revenue rising 29 % to $866.3 million compared with $672.0 million in the same period of 2024. Net income for the quarter reached $82.2 million, and adjusted EBITDA climbed to $151.1 million. The company’s diluted GAAP earnings per share were $0.89, while non‑GAAP EPS was $1.00.
The robust performance is attributed to a record backlog of $7.4 billion, up 119 % year‑over‑year, driven largely by large, multi‑year special‑materials projects. Management raised the 2025 non‑GAAP EPS guidance to $3.75–$3.80.
In addition to earnings, BWX declared a quarterly dividend of $0.25 per share, bringing the total annual dividend to $1.00.
Following the announcement, the stock fell approximately 2 % on November 4, 2025, with analysts noting that the market had already priced in the earnings beat and dividend. Despite the dip, the price remains near its 52‑week high of $218.50, having closed at $215.86 on November 2, 2025.
Truist raised its price target for BWX to $200 from $173, reflecting optimism about continued revenue growth from defense contracts and commercial expansion. The company’s 2026 outlook remains positive, with mid‑teen revenue growth expected, driven by new government contracts and ongoing commercial projects.
Overall, BWX Technologies demonstrates a resilient earnings profile and a growing backlog that supports its guidance, while the dividend declaration signals confidence in its cash‑flow generation.
