BWXT Financial Analysis Overview

This analysis provides a comprehensive review of BWXT’s financial performance over the last three fiscal years based on the key financial metrics reported quarterly.

Revenue Analysis

BWXT has shown varying trends in Total Revenue and Operating Revenue across the examined periods. Total revenue peaked in 2023-12-31 at $725,515,000 and was the lowest in 2023-03-31 at $568,360,000. Gross Profit similarly fluctuated, reaching its highest at $188,549,000 in 2023-12-31 and its lowest at $137,230,000 in 2023-03-31.

Cost Management

Cost of Revenue was highest in the last quarter of 2023 at $536,966,000, while Operating Expenses and Total Expenses similarly peaked in the same quarter at $76,252,000 and $613,218,000 respectively. This suggests significant cost incursions correlating with revenue peaks.

Profitability Analysis

A consistent growth in EBITDA was observed from $109,513,000 in 2023-03-31 to $118,524,000 by 2024-03-31. Both Operating Income and Pretax Income demonstrated growth over this period, indicating gradual improvement in profitability. Net Income ranged from $58,597,000 in 2023-06-30 to $68,468,000 by 2024-03-31.

Cash Flow Indicators

The trend in Reconciled Depreciation increased from $19,020,000 in 2023-03-31 to $20,552,000 by 2024-03-31. Interest Expense saw fluctuations, peaking in 2023-09-30 at $12,206,000 and reducing by 2024-03-31 to $9,595,000.

Taxation

The Tax Rate for calculations showed minor variations, peaking at 0.247 in 2023-06-30 and lowest at 0.225 in 2024-03-31. Tax Provision increased from $18,681,000 in 2023-03-31 to $19,843,000 by 2024-03-31 emphasizing a growing tax liability aligned with higher pre-tax earnings.

Shareholder Metrics

Both Diluted EPS and Basic EPS increased from 0.67 in 2023-03-31 to 0.75 by 2024-03-31. There was a slight increase in both Diluted and Basic Average Shares, indicating potentially dilutive financing or stock compensation over the years. Net Income Available to Common Stockholders showed a growth trajectory, indicative of increasing shareholder value.

Conclusion

BWXT’s financial performance showed robust revenue growth coupled with effective cost management strategies over the period analyzed. Continued monitoring of increasing operational costs and strategic management of interest expenses should be considered to sustain profitability. The gradual increment in tax provisions indicates a healthy growth in pre-tax earnings, reinforcing the overall financial health of BWXT.