Earnings Releases·Nov 2, 2026, 4:15 PM ET

BWX Technologies — Third Quarter 2026 Earnings Summary

Consolidated revenue rose 10% year-over-year to $953.0 million, driven by 25% growth in Commercial Operations, while GAAP net income and diluted EPS increased 24% and 25% respectively to $102.0 million and $1.11.
Management tightened 2026 non-GAAP EPS guidance to $4.72–$4.77 and free cash flow guidance to $350 million–$360 million, while reaffirming revenue guidance of approximately $3,800 million.
Introduced a preliminary 2027 outlook projecting high-single-digit revenue growth and high-single-digit to low-double-digit growth in adjusted EBITDA and non-GAAP EPS.
Total backlog increased 16% year-over-year to $8,556.2 million, supported by the selection of BWXT Advanced Nuclear Reactor (BANR) technology for the U.S. Army's Janus Program and Prodigy Clean Energy's Canadian project.
Free cash flow surged 59% to $150.5 million, and the Board declared a quarterly dividend of $0.27 per share, payable in December 2026.