Annonce • 1h
BWX Technologies, Inc. (NYSE:BWXT) completed the acquisition of Precision Components Group, LLC. BWX Technologies, Inc. (NYSE:BWXT) entered into a definitive agreement to acquire Precision Components Group, LLC on April 20, 2026. The acquisition includes Precision Components Group, LLC’s subsidiaries, Precision Custom Components and DC Fabricators. Precision Components Group will join BWXT’s Commercial Operations segment and continue operating at its current facilities. The acquisition adds more than 500,000 square feet of U.S. heavy-manufacturing capacity, including large-envelope machining, heavy weldments, pressure vessels, heat exchangers and ASME-certified component fabrication, and a skilled workforce of over 400 employees.
For the period ending December 31, 2025, Precision Components Group, LLC reported total revenue of $125 million.
The transaction is expected to close during the second half of 2026, subject to required regulatory approvals and customary closing conditions.
BWX Technologies, Inc. (NYSE:BWXT) completed the acquisition of Precision Components Group, LLC on June 6, 2026. Annonce • Jul 01
BWX Technologies, Inc. to Report Q2, 2026 Results on Aug 03, 2026 BWX Technologies, Inc. announced that they will report Q2, 2026 results After-Market on Aug 03, 2026 Annonce • Apr 21
BWX Technologies, Inc. (NYSE:BWXT) entered into a definitive agreement to acquire Precision Components Group, LLC. BWX Technologies, Inc. (NYSE:BWXT) entered into a definitive agreement to acquire Precision Components Group, LLC on April 20, 2026. The acquisition includes Precision Components Group, LLC’s subsidiaries, Precision Custom Components and DC Fabricators. Precision Components Group will join BWXT’s Commercial Operations segment and continue operating at its current facilities. The acquisition adds more than 500,000 square feet of U.S. heavy-manufacturing capacity, including large-envelope machining, heavy weldments, pressure vessels, heat exchangers and ASME-certified component fabrication, and a skilled workforce of over 400 employees.
For the period ending December 31, 2025, Precision Components Group, LLC reported total revenue of $125 million.
The transaction is expected to close during the second half of 2026, subject to required regulatory approvals and customary closing conditions. Annonce • Apr 06
BWX Technologies, Inc. to Report Q1, 2026 Results on May 04, 2026 BWX Technologies, Inc. announced that they will report Q1, 2026 results After-Market on May 04, 2026 Annonce • Mar 19
BWX Technologies, Inc., Annual General Meeting, Apr 30, 2026 BWX Technologies, Inc., Annual General Meeting, Apr 30, 2026. Annonce • Feb 20
BWX Technologies, Inc. Appoints Dan Jablonsky to Its Board of Directors and Audit and Finance Committee, Effective March 2, 2026 BWX Technologies, Inc. announced that Dan Jablonsky has been appointed to its board of directors effective March 2, 2026. He will also serve on the board’s audit and finance committee. Jablonsky most recently served as chief executive officer and chairman of Ursa Major, a leading provider of advanced propulsion systems for space and defense applications. He has held senior leadership roles in the aerospace and defense industry for more than a decade. Prior to Ursa Major, Jablonsky served as president and chief executive officer of Maxar Technologies, where he led the NYSE-listed company through a comprehensive turnaround and growth strategy, culminating in a $6.4 billion take-private acquisition by Advent International. Prior to that, he was general counsel and then president of DigitalGlobe. Jablonsky began his career as a surface warfare officer and nuclear engineer in the U.S. Navy before transitioning to law practice. Jablonsky holds a bachelor’s degree in mechanical engineering from the United States Naval Academy, graduated from the Navy Nuclear Power School and earned a Juris Doctor from the University of Washington School of Law. Annonce • Feb 05
BWX Technologies, Inc. Announces Executive Changes BWX Technologies, Inc. has named Kurt Bender senior vice president and chief digital officer effective February 5, 2026. In this role, Kurt will be responsible for BWXT’s integrated digital strategy supporting global operations in the U.S., Canada and the United Kingdom. Bender most recently served as BWXT’s vice president of IT applications, quality and continuous improvement where he led the modernization of core systems and AI technologies, cybersecurity and established governance frameworks within the business. Prior to joining BWXT, he spent more than 22 years driving digital transformation across leading aerospace, defense and technology companies, including L3Harris Technologies and BAE Systems. Bender succeeds Omar Meguid, BWXT’s first chief digital officer, appointed in 2023. Omar Meguid was instrumental in building and executing BWXT's digital strategy over the past three years. Annonce • Jan 26
BWX Technologies, Inc. Launches New Era of Domestic Uranium Enrichment for National Security in Oak Ridge, Tennessee BWX Technologies, Inc. announced the opening of its Centrifuge Manufacturing Development Facility (CMDF) in Oak Ridge, Tennessee, marking a major milestone in the company's efforts to reestablish a fully domestic uranium enrichment capability in support of U.S. national security priorities. In September, the Department of Energy's National Nuclear Security Administration (NNSA) awarded BWXT a contract valued at $1.5 billion for a comprehensive program that supports the NNSA's strategy to ensure a secure and reliable supply of enriched uranium for defense fuel needs. The CMDF is a key element of that program. The CMDF serves as BWXT's primary hub for the design, engineering, fabrication and testing of advanced gas centrifuge machines. The facility features precision manufacturing space, in-house quality assurance and testing capabilities and specialized infrastructure to support future centrifuge production. It will accelerate the transition of centrifuge technology from development to production readiness and aligns with national priorities for energy security, defense readiness and advanced manufacturing. Located in Oak Ridge, a community with deep nuclear expertise, the facility builds on BWXT's longstanding role in supporting U.S. defense, energy and space programs. Approximately 100 highly skilled professionals are currently working in support of the CMDF and project activities, with plans to expand the workforce as manufacturing activities scale. The opening of the CMDF represents a key milestone in BWXT's broader strategy to establish a secure, domestic uranium enrichment supply chain and reinforces the company's commitment to U.S. national security and technological leadership. Annonce • Jan 16
BWX Technologies, Inc. to Report Q4, 2025 Results on Feb 23, 2026 BWX Technologies, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 23, 2026 Annonce • Dec 03
BWX Technologies, Inc. Delivers Full Core of TRISO Nuclear Fuel for Project Pele Microreactor BWX Technologies, Inc. joined with Idaho National Laboratory, the U.S. Army and the Department of War Strategic Capabilities Office to announce the arrival at INL of TRISO nuclear fuel for the Project Pele microreactor. The full Pele prototype will be tested at INL. The BWXT team prepares to ship the TRISO fuel for Project Pele to Idaho National Lab. BWXT's experience with TRISO fuel fabrication stretches back to the early 2000s and work with INL and DOE to manufacture radiation-tested uranium oxycarbide TRISO fuel for the Advanced Gas Reactor (AGR) Program. Project Pele is the pathfinder for advanced micro reactors and is focused on designing, building and testing a 1.5-megawatt transportable power system. Pele is a Generation IV high-temperature gas-cooled reactor utilizing an innovative design and mature, proven materials and technologies. The entire system is designed to fit into four standard-sized shipping containers. The fuel, called tri-structural isotropic (TRISO) particle fuel, is composed of uranium, carbon and oxygen, which are formed into a small kernel. This kernel is coated in multiple ceramic layers--including silicon carbide--that make it extremely durable under high heat, radiation, and corrosive conditions. Thousands of these poised seed-sized particles are combined into compact fuel forms used in advanced reactors like the one being developed under Project Pele. BWXT manufactured and shipped the fuel from its facilities in Lynchburg. The company's Specialty Fuels Fabrication Group has more than 20 years of experience in the design and manufacturing of TRISO fuel for government applications. BWXT is collaborating with Rolls-Royce LibertyWorks, Northrop Grumman and Torch Technologies on the full-system components, including thermal and power conversion modules and instrument and control systems. BWXT cautions that this release contains forward-looking statements, including, without limitation statements relating to the performance, design, suitability and impact of microreactor technology and TRISO nuclear fuel production and capabilities. These forward-looking statements involve a number of risks and uncertainties, including, among other things, the timing of technology development; ability to obtain the necessary regulatory approvals, licenses and permits in a timely manner. Annonce • Nov 07
Bwx Technologies, Inc. Names Toby Smith as Senior Vice President and General Counsel BWX Technologies, Inc. announced that Toby Smith has been named senior vice president and general counsel. Smith will serve as the organization’s chief legal advisor, overseeing all legal, regulatory and compliance matters across the enterprise. He replaces Ronald (Chip) Whitford, who is anticipated to remain in an advisory capacity with BWXT until early 2026. Smith has more than 20 years of experience in law, including in-house counsel for the former United Technologies Corporation (now RTX Corporation) and Otis Worldwide Corporation, as well as outside litigation counsel. Most recently, as senior vice president and corporate secretary at Otis, Smith oversaw compliance with Securities and Exchange Commission and New York Stock Exchange regulations, managed all aspects of corporate governance, and led the company’s corporate sustainability and internal audit functions. Prior to his role at Otis, Smith served in senior legal roles within the former United Technologies Corporation in international trade compliance and as division general counsel. He joined United Technologies after spending six years as a litigation associate for Hogan & Hartson, LLP. Annonce • Nov 05
BWX Technologies, Inc. Announces Step Down of Ronald O. Whitford, Jr. as Senior Vice President and General Counsel, Chief Compliance Officer, Corporate Secretary and Executive Officer , Effective November 4, 2025 On November 4, 2025, BWX Technologies, Inc. announced that Ronald O. Whitford, Jr., Senior Vice President and General Counsel, Chief Compliance Officer and Corporate Secretary (“GC”), has stepped down from this role and as an executive officer of BWXT effective as of November 4, 2025. Mr. Whitford’s decision is not related to any legal issue or any disagreement with the Company or any matter relating to its operation, policies or practices. He is expected to remain employed with the Company in a non-executive role as Special Advisor to the Chief Executive Officer to assist with the transition of the GC role for a period of time (the “Transition Period”). The Company expects to appoint a successor within the coming week. Annonce • Oct 03
BWX Technologies, Inc. to Report Q3, 2025 Results on Nov 03, 2025 BWX Technologies, Inc. announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Annonce • Sep 08
BWX Technologies, Inc. Appoints Rik Geiersbach as Chief Strategy Officer BWX Technologies, Inc. announced that Rik Geiersbach has been named chief strategy officer, reporting directly to Rex Geveden, president and chief executive officer. Geiersbach most recently served as vice president of strategy and corporate development at The Boeing Company. At Boeing, Geiersbach orchestrated and drove the development and implementation of the $30 billion Defense, Space and Security business unit’s strategy, M&A, adjacency growth, and research and development investment portfolios. His 30-year career includes industry-leading innovation in corporate growth strategy, competitive assessments, and new market entry. Prior to his role at Boeing, he served as the corporate director of strategic alliances at Northrop Grumman. Geiersbach earned an MBA from the Anderson School of Management at the University of California, Los Angeles, and holds a bachelor’s degree in history from Harvard University. Annonce • Aug 01
BWX Technologies, Inc. Appoints Mike T. Fitzgerald as Chief Financial Officer BWX Technologies, Inc. announced on July 31, 2025 that Mike T. Fitzgerald has been named Chief Financial Officer. Fitzgerald served as interim CFO since May 12, 2025. Fitzgerald joined BWXT in 2022 as vice president, finance and chief accounting officer, responsible for overseeing and reporting on the company’s day-to-day financial operations. He previously led MorganFranklin, LLC’s aerospace and defense practice as managing director and was an audit senior manager at Deloitte & Touche, LLP. In 2024, his financial leadership at BWXT was recognized with a rising star award from the Northern Virginia Technology Council. Before being named interim CFO, Fitzgerald served as BWXT’s chief accounting officer. Annonce • Jul 22
BWX Technologies, Inc. Fires Up Furnace for Advanced Nuclear Fuel BWX Technologies, Inc. announced that it reached a key milestone in its capability to manufacture an advanced form of TRISO nuclear fuel, representing the next generation of fuel for advanced reactors. TRISO fuel comprises carbon and silicon layers surrounding a uranium fuel kernel. The chemical vapor infiltration furnace at BWXT's Lynchburg Technology Center in Lynchburg, Virginia. The furnace is manufactured by AVS, Incorporated. The company's Advanced Technologies subsidiary recently completed the installation and testing of a chemical vapor infiltration furnace which solidifies the pre-forms that are filled with TRISO particles. The CVI furnace completes the equipment necessary to execute BWXT's Advanced Reactor Demonstration Program (ARDP) project with the Department of Energy. With the existing TRISO manufacturing line, a previously commissioned binder jet for additive manufacturing and a computed tomography scanner for non-destructive testing, BWXT can now load Uranium Nitride TRISO into additively manufactured fuel forms. The result is a nuclear fuel product comprising a higher mass of uranium per unit volume than traditional TRISO compacts. The new fuel is designed to be more cost-effective with a longer reactor lifespan, potentially reducing overall reactor system costs. BWXT's established TRISO manufacturing line currently produces Uranium Oxy Carbide (UCO) TRISO for Project Pele, the Department of Defense Strategic Capabilities Office demonstration microreactor program, as well as UN TRISO for the ARDP scope. BWXT is planning to ramp up TRISO manufacturing to support the BWXT Advanced Nuclear Reactor (BANR) program and meet the market demand of other TRISO users. The existing fuel manufacturing line, combined with these new capabilities, allows BWXT to manufacture diverse forms of TRISO particles (UN or UCO with varying layer thickness), traditional compacts, or chemically densified complex geometries filled with TRISO particles and the resulting digital twins to support fuel qualification efforts. Annonce • Jul 02
BWX Technologies, Inc. to Report Q2, 2025 Results on Aug 04, 2025 BWX Technologies, Inc. announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Annonce • Jun 18
BWXT Announces Management Changes BWX Technologies, Inc. announced the appointment of Kevin M. McCoy as the company’s chief nuclear officer. In this role, McCoy will support the Department of Defense and Department of the Navy to accelerate the pace of Columbia and Virginia Class submarine production programs for the U.S. Navy. Joe Miller to president of Government Operations; and Kate Kelly to president, Advanced Technologies. Since 2022, McCoy has served as president of BWXT’s Government Operations segment where he was responsible for overseeing BWXT’s Nuclear Operations and Technical Services Groups and its subsidiary Advanced Technologies, LLC. McCoy has over 40 years of leadership experience in shipyard operations, nuclear industrial operations and senior engineering positions in the U.S. Navy and private sector. He served as chief engineer of the U.S. Navy from 2005 to 2008 and as commander of the Naval Sea Systems Command (NAVSEA) from 2008 to 2013. He retired with the rank of Vice Admiral. Before joining BWXT, McCoy served as president of Irving Shipbuilding Inc. in Nova Scotia, Canada, from 2013 to 2021. With extensive shipbuilding and ship repair related experience, McCoy’s accomplishments include the design, procurement, construction oversight, maintenance, modernization and engineering support of the U.S. Navy’s fleet of submarines, surface ships, aircraft carriers and weapon systems. He served in leadership positions in five of the U.S. Navy’s nuclear shipyards and commanded the Portsmouth Naval Shipyard from 2001 to 2004. With McCoy’s new role, BWXT is also making the following leadership announcements: Joseph K. Miller succeeds McCoy as president of Government Operations. Since 2021, Miller has served as president of BWXT Advanced Technologies. Under Miller’s leadership, Advanced Technologies achieved 10x growth in program content and successfully contracted two federally funded prototype programs for advanced nuclear microreactors. Miller joined BWXT in 2011 as an engineer working on advanced commercial energy solutions, had advanced into managerial roles by 2013, became the program manager for advanced nuclear applications in 2017, and general manager of Advanced Technologies in 2020. Before joining BWXT, he was a mechanical test engineer for new construction of Virginia-class submarines at Newport News Shipbuilding and a semiconductor equipment engineer at Samsung Austin Semiconductor. Miller began his career serving in the U.S. Navy onboard the USS Norfolk (SSN 714). Miller holds a master’s degree in radiation health physics from Oregon State University and a bachelor’s degree in nuclear engineering from Thomas Edison State College. He serves on the Central Virginia Community College Educational Foundation Board, the Nuclear Energy Maritime Organization Ltd. Board and the Oregon State University Nuclear Science and Engineering Advisory Board. Katherine (Kate) Haggerty Kelly succeeds Miller as president of BWXT Advanced Technologies. Kelly has been the director for space and emerging programs of Advanced Technologies since 2022, leading the strategy and execution of the space and advanced manufacturing portfolio. Before her current position, Kelly was the advanced nuclear systems program manager, focused on developing nuclear projects to promote the company’s R&D interests in advanced manufacturing and nuclear thermal propulsion technologies. She also held project management, quality control and operational excellence positions within BWXT’s Nuclear Operations Group in Lynchburg, Virginia. She joined the company in 2012 as a system design engineer on a small modular reactor program. Kelly received the Women in Aerospace Initiative-Inspiration-Impact Award for her contributions to the space nuclear industry and her advocacy for promoting people in aerospace. She earned a bachelor’s degree in chemical engineering from the University of Notre Dame and has Lean Six Sigma Black Belt and Project Management Professional® certifications. Annonce • May 21
BWX Technologies, Inc. (NYSE : BWXT) completed the acquisition of Kinectrics Inc. BWX Technologies, Inc. (NYSE : BWXT) entered into an agreement to acquire Kinectrics Inc. for approximately CAD 780 million on December 27, 2024. The total consideration is approximately CAD 782.7 million, including assumption of Kinectrics’ net pension and debt liabilities, and estimated transaction expenses. Following the close, Kinectrics will operate as a BWXT subsidiary, and its financial results will be reported within BWXT’s Commercial Operations segment. David Harris, President & CEO of Kinectrics, will continue to lead the organization and will report to John MacQuarrie, President of BWXT Commercial Operations. The deal is subject to regulatory and other approvals. The acquisition is targeted to close in the middle of 2025 and is expected to be modestly accretive to BWXT’s earnings, excluding purchase accounting and other one-time costs. J.P. Morgan Securities LLC acted as exclusive financial advisor to BWX Technologies, Inc.
BWX Technologies, Inc. (NYSE : BWXT) completed the acquisition of Kinectrics Inc. on May 20, 2025. Annonce • Apr 04
BWX Technologies, Inc. to Report Q1, 2025 Results on May 05, 2025 BWX Technologies, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on May 05, 2025 Annonce • Jan 17
BWX Technologies, Inc. to Report Q4, 2024 Results on Feb 24, 2025 BWX Technologies, Inc. announced that they will report Q4, 2024 results After-Market on Feb 24, 2025 Annonce • Jan 08
BWX Technologies, Inc. (NYSE:BWXT) entered into an agreement to acquire Kinectrics Inc. BWX Technologies, Inc. (NYSE:BWXT) entered into an agreement to acquire Kinectrics Inc. on January 7, 2025. BWX Technologies to acquire Kinectrics, Inc. for approximately $530 million, including assumption of Kinectrics’ net pension and debt liabilities, and estimated transaction expenses. Kinectrics is expected to generate revenue of approximately $300 million in 2024 in two core business areas: commercial power services and nuclear medicine. Following the close, Kinectrics will operate as a BWXT subsidiary, and its financial results will be reported within BWXT’s Commercial Operations segment. David Harris, President & CEO of Kinectrics, will continue to lead the organization and will report to John MacQuarrie, President of BWXT Commercial Operations. The acquisition is targeted to close in the middle of 2025 and is expected to be modestly accretive to BWXT’s earnings, excluding purchase accounting and other one-time costs. J.P. Morgan Securities LLC acted as exclusive financial advisor to BWX Technologies, Inc. (NYSE:BWXT). Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Nicole Piasecki was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €127, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 21x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 189% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €133 per share. Declared Dividend • Nov 11
Third quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 19th November 2024 Payment date: 10th December 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: US$0.76 (vs US$0.66 in 3Q 2023) Third quarter 2024 results: EPS: US$0.76 (up from US$0.66 in 3Q 2023). Revenue: US$672.0m (up 14% from 3Q 2023). Net income: US$69.5m (up 15% from 3Q 2023). Profit margin: 10% (in line with 3Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Annonce • Oct 03
BWX Technologies, Inc. to Report Q3, 2024 Results on Nov 04, 2024 BWX Technologies, Inc. announced that they will report Q3, 2024 results After-Market on Nov 04, 2024 Declared Dividend • Aug 12
Second quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 16th August 2024 Payment date: 5th September 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$0.80 (vs US$0.64 in 2Q 2023) Second quarter 2024 results: EPS: US$0.80 (up from US$0.64 in 2Q 2023). Revenue: US$681.5m (up 11% from 2Q 2023). Net income: US$73.0m (up 25% from 2Q 2023). Profit margin: 11% (up from 9.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Annonce • Aug 06
BWX Technologies, Inc. Declares Quarterly Cash Dividend, Payable on September 5, 2024 On August 1, 2024, the BWX Technologies, Inc. Board of Directors declared a quarterly cash dividend of $0.24 per common share payable on September 5, 2024, to shareholders of record on August 16, 2024. Buy Or Sell Opportunity • Jul 30
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €90.98. The fair value is estimated to be €114, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has declined by 4.9%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Annonce • Jun 28
BWX Technologies, Inc. to Report Q2, 2024 Results on Aug 05, 2024 BWX Technologies, Inc. announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Declared Dividend • May 13
First quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 16th May 2024 Payment date: 6th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.75 (vs US$0.67 in 1Q 2023) First quarter 2024 results: EPS: US$0.75 (up from US$0.67 in 1Q 2023). Revenue: US$604.0m (up 6.3% from 1Q 2023). Net income: US$68.5m (up 12% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 16
Now 21% undervalued Over the last 90 days, the stock has risen 21% to €88.90. The fair value is estimated to be €112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 4.7%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Annonce • Apr 05
BWX Technologies, Inc. to Report Q1, 2024 Results on May 06, 2024 BWX Technologies, Inc. announced that they will report Q1, 2024 results After-Market on May 06, 2024 Buy Or Sell Opportunity • Mar 09
Now 20% undervalued Over the last 90 days, the stock has risen 29% to €95.60. The fair value is estimated to be €120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 4.7%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €95.70, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €119 per share. Declared Dividend • Mar 01
Fourth quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 8th March 2024 Payment date: 28th March 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$2.68 (vs US$2.61 in FY 2022) Full year 2023 results: EPS: US$2.68 (up from US$2.61 in FY 2022). Revenue: US$2.50b (up 12% from FY 2022). Net income: US$245.8m (up 3.2% from FY 2022). Profit margin: 9.8% (in line with FY 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Annonce • Jan 19
BWX Technologies, Inc. to Report Q4, 2023 Results on Feb 27, 2024 BWX Technologies, Inc. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024 Upcoming Dividend • Nov 13
Upcoming dividend of US$0.23 per share at 1.2% yield Eligible shareholders must have bought the stock before 20 November 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 37% and the cash payout ratio is 98%. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.6%). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.66 (vs US$0.67 in 3Q 2022) Third quarter 2023 results: EPS: US$0.66 (down from US$0.67 in 3Q 2022). Revenue: US$590.0m (up 13% from 3Q 2022). Net income: US$60.3m (down 2.2% from 3Q 2022). Profit margin: 10% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Annonce • Oct 05
BWX Technologies, Inc. to Report Q3, 2023 Results on Nov 01, 2023 BWX Technologies, Inc. announced that they will report Q3, 2023 results on Nov 01, 2023 Upcoming Dividend • Aug 09
Upcoming dividend of US$0.23 per share at 1.3% yield Eligible shareholders must have bought the stock before 16 August 2023. Payment date: 07 September 2023. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.5%). New Risk • Aug 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.6% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (9.6% net profit margin). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.64 (vs US$0.82 in 2Q 2022) Second quarter 2023 results: EPS: US$0.64 (down from US$0.82 in 2Q 2022). Revenue: US$612.4m (up 11% from 2Q 2022). Net income: US$58.6m (down 22% from 2Q 2022). Profit margin: 9.6% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annonce • Jun 28
BWX Technologies, Inc. to Report Q2, 2023 Results on Aug 03, 2023 BWX Technologies, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2023 Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$0.67 (vs US$0.64 in 1Q 2022) First quarter 2023 results: EPS: US$0.67 (up from US$0.64 in 1Q 2022). Revenue: US$568.4m (up 7.1% from 1Q 2022). Net income: US$61.1m (up 3.5% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Mar 02
Upcoming dividend of US$0.23 per share at 1.4% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 28 March 2023. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (1.3%). Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$2.61 (vs US$3.24 in FY 2021) Full year 2022 results: EPS: US$2.61 (down from US$3.24 in FY 2021). Revenue: US$2.23b (up 5.1% from FY 2021). Net income: US$238.2m (down 22% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Annonce • Feb 15
BWX Technologies, Inc. Appoints Monifa A. Miller as Senior Director of Corporate Affairs for Its Commercial Operations Segment BWX Technologies, Inc. has appointed Monifa A. Miller as senior director of corporate affairs for the company's commercial operations segment. In this role, she will have full responsibility for all of the company's communications, public affairs, government relations and community outreach activities in Canada. Miller most recently served as director of communications and stakeholder relations for X-energy Canada, where she was responsible for establishing a multi-province strategy that raised awareness about the benefits of small modular reactors; developed a meaningful Indigenous relations program (which included the launch of an employee Indigenous cultural training program); cultivated strong municipal and provincial relationships to build social licence and delivered numerous marketing materials. Prior to joining X-energy Canada, Miller was a senior communications advisor for Ontario Power Generation, where she supported the Darlington Refurbishment Project. From 2001 to 2016, Miller held multiple communications leadership and lecturer positions at Seneca College, University of Toronto, and Canadian Chiropractic Association, as well as operating her own public relations firm OnBrand PR. She holds a master's degree in communications and culture from Toronto Metropolitan University (formerly Ryerson University) and a bachelor's degree from the University of the West Indies. She is a member of the Canadian Public Relations Society, International Association of Business Communicators, and a former member of the Inclusion, Diversity, Equity and Access Council at the Abilities Centre. Annonce • Jan 27
BWX Technologies, Inc. to Report Q4, 2022 Results on Feb 23, 2023 BWX Technologies, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 23, 2023 Annonce • Jan 05
BWX Technologies, Inc. Announces Executive Changes BWX Technologies, Inc. has promoted Ronald O. (Chip) Whitford, Jr. to the position of senior vice president, general counsel, chief compliance officer and corporate secretary, effective January 2, 2023. Whitford is succeeding Thomas E. McCabe, who will serve as special advisor to the CEO until his retirement on August 1, 2023. Whitford joined the company in 2017 and most recently has served as vice president, deputy general counsel and assistant corporate secretary, for the company. In his new role, Whitford will have responsibility for BWXT’s legal, ethics and compliance functions as well as serving as an executive liaison and secretary to the board of directors.Prior to joining BWXT, Whitford served as in-house counsel for a number of public companies in the manufacturing, financial services and software industries. He served as general counsel and secretary of Tasty Baking Company; vice president, legal and assistant secretary of PHH Corporation; associate general counsel and assistant secretary of Lorillard, Inc.; and group vice president, associate general counsel and assistant secretary of Rimini Street, Inc. Whitford began his legal career in private practice in Cleveland, Ohio. He holds a bachelor’s degree in economics and English from the University of Michigan and a law degree from Case Western Reserve University School of Law. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Independent Director John Richardson was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: US$0.67 (vs US$0.64 in 3Q 2021) Third quarter 2022 results: EPS: US$0.67 (up from US$0.64 in 3Q 2021). Revenue: US$523.7m (up 5.0% from 3Q 2021). Net income: US$61.6m (up 2.8% from 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Oct 13
BWX Technologies, Inc. to Report Q3, 2022 Results on Nov 07, 2022 BWX Technologies, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2022 Annonce • Sep 24
BWX Technologies, Inc. Announces Executive Changes On September 21, 2022, the Board of Directors of BWX Technologies, Inc. appointed Michael Fitzgerald to serve as Vice President, Finance, effective October 24, 2022 (Start Date), and as Chief Accounting Officer, effective the day following the filing of the company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022. Mr. Fitzgerald will replace Jason Kerr, current Vice President and Chief Accounting Officer, whose last day in that role will be September 30, 2022. Effective on September 30, 2022, the Board appointed Kevin Gorman to serve as Corporate Controller, and he will also serve as Interim Chief Accounting Officer through the 10-Q Filing Date. Since 2018, Mr. Fitzgerald, 38, has led the Aerospace & Defense Practice at MorganFranklin Consulting, LLC, a management advisory firm specializing in technical accounting, financial reporting and related matters. Prior to that, he served as Audit Senior Manager at Deloitte & Touche LLP from 2012 to 2018. Mr. Gorman, 48, has served as Assistant Corporate Controller of the Company since 2015 and in various controller roles within the Company’s commercial nuclear energy business from 2011 to 2015. Prior to joining BWXT, he worked for two years at The Shaw Group, Inc. in various accounting roles and 13 years at Deloitte & Touche LLP, most recently as Audit Senior Manager. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: US$0.82 (vs US$0.62 in 2Q 2021) Second quarter 2022 results: EPS: US$0.82 (up from US$0.62 in 2Q 2021). Revenue: US$554.2m (up 9.7% from 2Q 2021). Net income: US$74.6m (up 26% from 2Q 2021). Profit margin: 14% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.5%, compared to a 27% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Independent Director John Richardson was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jul 15
BWX Technologies, Inc. to Report Q2, 2022 Results on Aug 08, 2022 BWX Technologies, Inc. announced that they will report Q2, 2022 results After-Market on Aug 08, 2022 Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. Independent Director John Richardson was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: US$0.64 (vs US$0.73 in 1Q 2021) First quarter 2022 results: EPS: US$0.64 (down from US$0.73 in 1Q 2021). Revenue: US$530.7m (flat on 1Q 2021). Net income: US$59.0m (down 15% from 1Q 2021). Profit margin: 11% (down from 13% in 1Q 2021). Over the next year, revenue is forecast to grow 4.5%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 
