The Top 5 Analyst Questions From BWX’s Q3 Earnings Call

• Revenue: $866.3 cardinal vs expert estimates of $793.5 cardinal (28.9% year-on-year growth, 9.2% beat)

• Adjusted EPS: $1 vs expert estimates of $0.86 (16.5% beat)

• Adjusted EBITDA: $151.1 cardinal vs expert estimates of $141 cardinal (17.4% margin, 7.1% beat)

• The institution reconfirmed its gross guidance for the afloat year of $3.1 cardinal astatine the midpoint

• Management raised its full-year Adjusted EPS guidance to $3.78 astatine the midpoint, a 2% increase

• EBITDA guidance for the afloat year is $570 cardinal astatine the midpoint, successful enactment with expert expectations

• Operating Margin: 13.1%, down from 14.4% successful the aforesaid 4th past year

• Backlog: $7.4 cardinal astatine 4th end

• Market Capitalization: $17.7 billion

While we bask listening to the management's commentary, our favourite portion of net calls are the expert questions. Those are unscripted and tin often item topics that absorption teams would alternatively debar oregon topics wherever the reply is complicated. Here is what has caught our attention.

• Peter Skibitski (Alembic Global): Asked astir the gross designation timing of caller defence contracts and the reasons for a little implied 4th quarter. CFO Michael Fitzgerald clarified that gross from caller contracts was minimal successful the quarter, and aboriginal worldly procurement shifted immoderate expected Q4 gross into Q3 owed to seasonality.

• Will Gildea (CJS Securities): Asked astir Kinectrics acquisition show and caller marketplace opportunities. CEO Rex Geveden highlighted beardown outperformance successful transmission, distribution, and offshore upwind cablegram testing, with further synergy successful aesculapian isotopes and licensing enactment for Canadian utilities.

• Peter Arment (Baird): Questioned the gross cadence and borderline interaction from ample defence contracts. Fitzgerald noted that gross volition beryllium distributed implicit 10-15 years with early-stage little margins, improving arsenic operational show ramps up.

• Jeffrey Grampp (Northland Securities): Inquired astir cardinal risks to the 2026 outlook and the interaction of a imaginable authorities shutdown. Fitzgerald responded that risks see the timing of commercialized atomic orders, defence spending stability, and prolonged authorities shutdowns, peculiarly affecting method services.

• Michael Ciarmoli (Truist Securities): Asked for updates connected the naval propulsion conception and AUKUS programme capableness needs. Geveden reported affirmative trends successful shipyard activity, ongoing capableness expansion, and continued concern to enactment anticipated AUKUS demand.