> ## Content Index
> Fetch the complete content index at: https://www.bullished.co/llms.txt
> Use this file to discover other available public pages before exploring further.

# BWXT Third-Quarter Profit Climbs 24% As Commercial Nuclear Revenue Jumps 25%
- URL: https://www.bullished.co/bwxt-third-quarter-profit-climbs-24-as-commercial-nuclear-revenue-jumps-25-efa5357a/
- Published: 2026-11-02T21:59:08.000Z
- Updated: 2026-11-02T21:59:08.000Z
- Description: The nuclear components maker tightened its 2026 profit and cash guidance and previewed high-single-digit revenue growth for 2027.
- Author: Matteo Parrino
- Tags: Earnings, BWXT, Industry: Industrials

BWX Technologies, which makes nuclear components, reactors and fuel, said Monday that third-quarter net income rose 24% to [$102.0 million](https://www.sec.gov/Archives/edgar/data/0001486957/000148695726000053/bwxt%5F93026xerexhibit991.htm?ref=bullished.co), powered by a 25% jump in Commercial Operations revenue. The company also tightened its 2026 guidance and introduced a preliminary 2027 outlook calling for high-single-digit revenue growth, according to an [8-K](https://www.sec.gov/Archives/edgar/data/0001486957/000148695726000053/bwxt%5F93026x8k.htm?ref=bullished.co).

## Commercial arm drives the quarter

Revenue rose 10% to $953.0 million. Commercial Operations climbed 25% to $314.2 million, while Government Operations rose 4% to $639.1 million. The company said commercial growth came from nuclear components, services and medical, partly offset by slightly lower fuel handling revenue.

Diluted earnings per share rose to $1.11 from $0.89 a year earlier, and the adjusted figure rose to $1.26 from $1.00\. Adjusted EBITDA, which strips out interest, taxes, depreciation and one-time items, rose to $179.7 million from $151.1 million.

Free cash flow climbed to $150.5 million from $94.9 million. Operating cash flow rose to $202.7 million from $143.2 million, helped by higher net income, an increase in advanced billings and working capital management, the company said.

## Guidance tightened, 2027 previewed

For 2026, BWXT narrowed adjusted EPS guidance to $4.72-$4.77 from $4.70-$4.80 and free cash flow to $350 million-$360 million from $345 million-$360 million. Revenue guidance of about $3,800 million was reaffirmed, and adjusted EBITDA is now about $667 million, the midpoint of the prior range.

The preliminary 2027 outlook also calls for high-single-digit to low-double-digit growth in adjusted EBITDA and adjusted EPS. CEO Rex Geveden said the company is in the early stages of a "multi-decadal investment cycle" as customers seek nuclear solutions to economic, national and energy security challenges.

## Backlog and the nuclear pipeline

Total backlog reached $8.56 billion at September 30, with $6.48 billion in Government Operations and $2.07 billion in Commercial Operations. Government Operations serves the U.S. naval nuclear program, and the U.S. Government accounted for about 68% of consolidated revenue in 2025.

The company said its reactor technology was selected for the Army's Janus Program at Fort Campbell and for a transportable nuclear power plant project in Canada. Separately, it signed a [fuel agreement with Antares](https://www.businesswire.com/news/home/20261027445858/en/Antares-Signs-TRISO-Fuel-Agreement-with-BWXT-Securing-Fabrication-Through-the-End-of-the-Decade?ref=bullished.co) in late October.

BWXT holds its third-quarter earnings call Monday at 5:00 p.m. EST, and its $0.27 quarterly dividend is payable December 10 to holders of record on November 19.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — BWX Technologies, Inc. (BWXT)](https://www.sec.gov/Archives/edgar/data/0001486957/000148695726000053/bwxt%5F93026x8k.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit bwxt\_93026xerexhibit991.htm — BWX Technologies, Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001486957/000148695726000053/bwxt%5F93026xerexhibit991.htm?ref=bullished.co) — SEC EDGAR
- [BWX Technologies Stock In Focus After Multi Year Nuclear Fuel Supply Deal](https://finance.yahoo.com/markets/stocks/articles/bwx-technologies-stock-focus-multi-101023986.html?ref=bullished.co) — Yahoo Finance
- [What Investors Got Wrong About BWX Technologies Before The Drop](https://finance.yahoo.com/markets/stocks/articles/investors-got-wrong-bwx-technologies-131315843.html?ref=bullished.co) — Yahoo Finance
- [BWXT Announces Contract with Antares for TRISO Nuclear Fuel Production – Company Announcement - FT.com](https://markets.ft.com/data/announce/detail?dockey=600-202610270800BIZWIRE%5FUSPRX%5F%5F%5F%5F20261027%5FBW676843-1&ref=bullished.co) — Financial Times
- [BWX Technologies Reports Third Quarter 2026 Results](https://www.businesswire.com/news/home/20261102517518/en/BWX-Technologies-Reports-Third-Quarter-2026-Results?ref=bullished.co) — businesswire.com
- [Antares Signs TRISO Fuel Agreement with BWXT, Securing Fabrication Through the End of the Decade](https://www.businesswire.com/news/home/20261027445858/en/Antares-Signs-TRISO-Fuel-Agreement-with-BWXT-Securing-Fabrication-Through-the-End-of-the-Decade?ref=bullished.co) — businesswire.com