BWX Technologies Reports Third Quarter 2022 Results
07 November 2022
- 3Q22 revenue of $523.7 million
- 3Q22 net income of $61.8 million, adjusted EBITDA(1) of $100.1 million
- 3Q22 diluted GAAP EPS of $0.67, non-GAAP(1) EPS of $0.69
- 3Q22 net cash provided by operating activities of $65.0 million, free cash flow(1) of $25.4 million
- Narrows 2022 guidance and anticipates strong revenue and EBITDA(1) growth in 2023
- Technetium 99-m generator application accepted by FDA with priority review classification
LYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported third quarter 2022 GAAP net income attributable to BWXT of $61.6 million, or diluted earnings per share (EPS) of $0.67, on revenue of $523.7 million. Third quarter 2022 non-GAAP(1) net income attributable to BWXT was $63.0 million, or $0.69 diluted EPS. Third quarter 2022 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)(1) was $100.1 million. A reconciliation of non-GAAP results are detailed in Exhibit 1.