BWX Technologies, Inc. reported second-quarter 2026 results with revenue of $901.6M and diluted EPS of $0.97, driven by strong Commercial segment contributions and continued Government program execution compared with the year-ago quarter.
Financial Highlights
- Revenue was $901.6M, compared with $764M in the prior-year quarter; YoY change 18%.
- Net income was $89.01M, compared with $78.39M in the prior-year quarter; YoY change 13.6%.
- Diluted EPS was $0.97, compared with $0.85 in the prior-year quarter; YoY change 14.1%.
Business Highlights
- Revenue growth: Consolidated revenues rose about 19% year-over-year for the quarter and about 22% year-to-date, driven by gains in both Commercial and Government segments.
- Commercial momentum: The Commercial segment expanded materially following the Kinectrics acquisition, with major gains in services, fuel-handling and components.
- Government stability: Government operations remained a large, stable contributor with backlog growth and enrichment supporting ongoing programs.
- Portfolio actions: Completed the PCG acquisition on July 1, 2026, and signed a definitive agreement to sell the medical business, advancing the company's portfolio reshaping.
- Backlog and visibility: Ending backlog was $8.4B, with roughly 55% of that backlog expected to convert to revenue by the end of 2027, indicating multi-year program visibility.
Original SEC Filing:
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