BWX Technologies reported a significant top-line beat for the third quarter of 2026, driven by double-digit growth in its Commercial Operations segment and steady expansion in Government Operations. The company tightened its full-year earnings and cash flow guidance while introducing a robust preliminary outlook for 2027.
Key Highlights
- Consolidated revenue reached $953.0 million, a 10% year-over-year increase that substantially outperformed the analyst estimate of $715.4 million.
- Commercial Operations revenue surged 25% to $314.2 million, supported by growth in nuclear components, services, and the medical segment.
- Government Operations revenue grew 4% to $639.1 million, as special materials and advanced nuclear projects offset lower volumes in naval propulsion.
- Non-GAAP EPS of $1.26 exceeded the $1.19 expectation, while Adjusted EBITDA rose 19% to $179.7 million.
- FY2026 guidance was narrowed, with non-GAAP EPS now expected at $4.72-$4.77 and free cash flow at $350 million-$360 million.