Nov 4, 4:05 PM ET
BWX Technologies said it launched a private offering of $500 million of senior notes due 2034 and, separately, cash tender offers for its two outstanding $400 million series of 4.125% senior notes due 2028 and 2029. The company plans to use the new notes' proceeds, with cash on hand, to buy back the older notes and satisfy and discharge the related indentures, which would refinance existing debt rather than add a stated amount of new debt beyond the $500 million offering.
- Private offering of $500 million aggregate principal of senior unsecured notes due 2034, guaranteed by certain wholly-owned subsidiaries
- Tender offers cover any and all of the $400 million 4.125% notes due 2028 and $400 million 4.125% notes due 2029
- Offers and consent solicitations expire at 5:00 p.m. New York City time on November 10, 2026; settlement expected November 13, 2026
- Consents sought would eliminate substantially all restrictive covenants and certain events of default in each indenture
Read the filing on SEC.gov ↗
Nov 3, 4:05 PM ET
BWX Technologies entered into an amendment to its existing credit agreement with Wells Fargo as administrative agent and other lenders. The amendment extends the maturity of the $1.25 billion senior secured revolving credit facility by one year to November 10, 2031, and changes the interest coverage covenant and pricing terms.
- Maturity of the $1.25 billion senior secured revolving credit facility extended one year to November 10, 2031
- Minimum interest coverage ratio no longer applies if no default exists and the company obtains investment grade ratings (stable outlook or better) from at least two designated rating agencies
- Pricing grid set to the lower of the existing leverage-based grid or a grid tied to the company's corporate ratings
Read the filing on SEC.gov ↗
Nov 2, 4:15 PM ET
BWX Technologies reported third quarter 2026 revenues of $953.0 million and net income of $102.0 million, representing growth over the same period in 2025. The company also tightened its full-year 2026 non-GAAP earnings per share guidance to $4.72-$4.77 and free cash flow guidance to $350 million-$360 million.
- 3Q26 consolidated revenues were $953.0 million, with net income of $102.0 million and diluted GAAP EPS of $1.11.
- 3Q26 adjusted EBITDA reached $179.7 million and free cash flow was $150.5 million.
- Full-year 2026 non-GAAP EPS guidance was tightened to $4.72-$4.77.
- Declared a quarterly cash dividend of $0.27 per common share payable on December 10, 2026.
Read the filing on SEC.gov ↗
Aug 3, 4:28 PM ET
BWX Technologies reported second-quarter 2026 revenue of $901.6 million, up 18% from a year earlier, and GAAP diluted EPS of $0.97, up from $0.85. The company raised its 2026 guidance for adjusted EBITDA, non-GAAP EPS and free cash flow, and said the guidance includes the Precision Components Group acquisition, which closed July 1, 2026.
- Q2 2026 revenue was $901.6 million, up from $764.0 million; Commercial Operations revenue rose 72% to $302.5 million.
- GAAP diluted EPS was $0.97 versus $0.85; non-GAAP diluted EPS was $1.07 versus $1.02.
- 2026 guidance: adjusted EBITDA raised to $662 million-$672 million from $650 million-$665 million; non-GAAP EPS raised to $4.70-$4.80 from $4.60-$4.75.
- Q2 free cash flow was $115.0 million, down 9% from $126.3 million; Government Operations operating income fell 3% to $105.7 million.
Read the filing on SEC.gov ↗
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