BWXT Q4 earnings strong, stock price soars 5%, raises outlook for 2026

LootboxPhobia · 2026-02-23T23:08:51+00:00

BWX Technologies Inc. exceeded expectations in the fourth quarter, with an adjusted EPS of $1.08 and revenue up 19% year-over-year to $885.84 million. The company expects EPS, revenue, and EBITDA in 2026 to surpass market consensus, with backlog orders increasing 50% to $7.3 billion, and the stock price rising 5%.

LootboxPhobia

2026-02-23 23:08:51

Abstract generation in progress

Lynchburg, Virginia – BWX Technologies Inc. (NYSE: BWXT) reported Q4 earnings that exceeded analyst expectations and issued guidance for 2026 that surpassed market consensus. Following the announcement, the stock rose 5%.

The nuclear technology company’s adjusted earnings per share for Q4 were $1.08, beating analyst estimates of $0.89 by $0.19. Revenue reached $885.84 million, up 19% year-over-year from $746.3 million last year, and also exceeded the market consensus of $834.84 million. Full-year revenue for 2025 increased 18% to $3.2 billion from $2.7 billion in 2024, with adjusted EPS rising from $3.33 to $4.01.

The company’s strong performance was mainly driven by significant growth in the Commercial Operations segment, which saw quarterly revenue surge 95% to $297.7 million, aided by recent acquisitions. Government Operations revenue declined slightly by 1% to $589.1 million due to reduced procurement of naval nuclear components, but this was offset by growth in specialized materials processing business.

President and CEO Rex D. Geveden stated, “We delivered a strong Q4 performance, setting a record year for BWXT. As we mark our tenth year as an independent public company, 2025 is a milestone for BWXT. We expanded our service and product offerings through two acquisitions and secured significant high-value orders in both government and commercial sectors, driving a 50% increase in backlog.”

The company’s backlog at the end of 2025 reached $7.3 billion, up 50% year-over-year, primarily driven by large multi-year orders for naval propulsion, specialized materials, and commercial nuclear power. Adjusted EBITDA for the quarter was $147.5 million, up 13% from $130.3 million last year.

For fiscal year 2026, BWXT issued an adjusted EPS guidance of $4.55 to $4.70, with a midpoint of $4.63, surpassing analyst consensus of $4.30. The company expects revenue of approximately $3.75 billion, above the market consensus of $3.67 billion. It also provided guidance for adjusted EBITDA of $645 million to $660 million and free cash flow of $305 million to $320 million.

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