BWXT · BWX Technologies, Inc.
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BWX Technologies reported third-quarter revenue of $953 million and adjusted EBITDA of $180 million, up 19%. It raised 2026 free cash flow guidance to $350 million to $360 million.
BWX Technologies reported third-quarter 2026 revenue of $953.0 million and adjusted EBITDA of $179.7 million, and tightened 2026 non-GAAP EPS guidance to $4.72-$4.77 and free cash flow guidance to $350 million-$360 million.
BWX Technologies reported nine-month revenues of $2,714.8 million and operating income of $352.9 million through September 30, 2026; backlog was $8,556.2 million, and the medical business sale to Nordic Capital is valued at up to $800 million.
Metrics snapshot
Useful current figures from the complete screener profile.
Mentioned in fund letters
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $155.5M | 2Q26 | — |
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| Backlog (Commercial Operations) | 1.6B | June 30, 2026 | — |
| Backlog (Government Operations) | 6.8B | June 30, 2026 | — |
| Bookings (Commercial Operations) | 181.25M | Three Months Ended June 30, 2026 | — |
| Bookings (Government Operations) | 467.62M | Three Months Ended June 30, 2026 | — |
| Commercial Operations Adjusted EBITDA non-GAAP | $36.1M | Three Months Ended June 30, 2026 | — |
| Consolidated non-GAAP Operating Income non-GAAP | $126.6M | Three Months Ended June 30, 2026 | — |
| Free Cash Flow non-GAAP | $115M | Three Months Ended June 30, 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net Cash Provided By Operating Activities 156.4M
-41.4M Purchases of Property, Plant and Equipment
= Free Cash Flow 115M
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| Non-GAAP EPS (Diluted) non-GAAP | $1.07 | 2Q26 | — |
GAAP → non-GAAP reconciliationGAAP Diluted Earnings per Common Share $0.97
+$0.05 Restructuring & Transformation Costs
+$0.03 Acquisition-Related Costs
+$0.02 Acquisition-Related Amortization
= Non-GAAP Diluted Earnings per Common Share $1.07
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| Non-GAAP Net Income non-GAAP | $98.6M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net Income 89.1M
+4.8M Restructuring & Transformation Costs
+2.9M Acquisition-Related Costs
+1.9M Acquisition-Related Amortization
= Non-GAAP Net Income 98.6M
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| Non-GAAP Operating Income non-GAAP | 126.5M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Operating Income 114.1M
+6.2M Restructuring & Transformation Costs
+3.7M Acquisition-Related Costs
+2.5M Acquisition-Related Amortization
= Non-GAAP Operating Income 126.5M
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| Non-GAAP Operating Income (Commercial Operations) non-GAAP | 28.7M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Commercial Operations Operating Income 24.3M
+2.1M Restructuring & Transformation Costs
+0.8M Acquisition-Related Costs
+1.5M Acquisition-Related Amortization
= Non-GAAP Operating Income - Commercial Operations 28.7M
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| Non-GAAP Operating Income (Government Operations) non-GAAP | 106.8M | Three Months Ended June 30, 2026 | — |
| Total Backlog | 8.4B | June 30, 2026 | — |
| Total Bookings | 648.87M | Three Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BWXT
this stock
BWX Technologies, Inc.
|
$12.08B | -29.7% | +8.8% | 32.3 | 3.7% |
|
SPCX
Space Exploration Technologies Corp
|
$1.82T | — | — | — | 1.2% |
|
GE
General Electric Co
|
$331.36B | +7.0% | +18.5% | 37.0 | 1.1% |
|
RTX
RTX Corp
|
$266.33B | +8.2% | +17.1% | 32.0 | 1.0% |
|
EADSF
Airbus SE
|
$169.89B | -7.8% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Amount
- $100.0K–$250.0K
- Traded
- Aug 25, 2026
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BWXT | -10.0% | -14.2% | -42.4% | -7.0% | -29.7% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | -9.3% | -12.8% | -44.9% | -8.5% | -42.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.