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BWXT $   $  
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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

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.

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Press Contacts:

BWX Technologies, Inc.

Jud Simmons 
+1 434.522.3800

BWXT Canada Ltd.
BWXT Nuclear Energy Canada Inc.
BWXT Medical Ltd.

Monifa Miller
+1 519.242.8071

Nuclear Fuel Services, Inc.

Laura Bailey 
+1 423.743.9141