The chart below shows how BWXT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BWXT sees a +0.76% change in stock price 10 days leading up to the earnings, and a +3.02% change 10 days following the report. On the earnings day itself, the stock moves by -0.28%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Revenue Increase: Third quarter revenue was $672 million, up 14% organically with growth in both segments.
EBITDA Growth Driven by Government: Adjusted EBITDA was $127 million, up 19% year-over-year, driven largely by robust Government Operations growth.
Earnings Per Share Increase: Adjusted earnings per share of $0.83 increased 24% compared to $0.67 in the prior year quarter.
Strong Revenue and EBITDA Growth: Government Operations had a strong quarter with 17% revenue growth and 18% adjusted EBITDA growth driven largely by performance in our naval propulsion and Technical Services businesses.
Earnings Guidance Update: We are raising our 2024 adjusted earnings per share guidance to about $3.20, the high end of the previous guidance range, and maintaining our free cash flow guidance of $225 million to $250 million.
Negative
Quarterly Revenue Increase: Third quarter revenue was $672 million, up 14% organically with growth in both segments.
Adjusted EBITDA Increase: Adjusted EBITDA was $127 million, up 19% year-over-year, driven largely by robust Government Operations growth, which was partially offset by lower Commercial Operations EBITDA due to project timing and the mix of revenues.
Corporate EBITDA Decline: Unallocated corporate EBITDA was lower compared to last year due to cost management and timing of health care costs.
Earnings Per Share Increase: Adjusted earnings per share of $0.83 increased 24% compared to $0.67 in the prior year quarter.
Free Cash Flow Decline: Free cash flow in the quarter was a use of $8 million as the timing of contracts impacted our working capital during the quarter.
BWX Technologies, Inc. (BWXT) Q3 2024 Earnings Call Transcript
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