BWX Technologies, Inc. (NYSE:BWXT) shares are trading higher premarket on Tuesday after the company reported fourth-quarter 2025 results.

Earnings Snapshot

The company reported adjusted EPS of $1.08, up 17% year over year (Y/Y), beating the consensus estimate of 88 cents.

Revenue of $885.8 million, beating the analyst consensus estimate of $847.5 million.

Revenue grew 19% Y/Y, led by strong growth in Commercial Operations.

At the end of 2025, the backlog stood at $7.3 billion, up 50% Y/Y, thanks to significant contract wins, including large multi-year naval propulsion, special materials, and commercial nuclear power deals.

Adjusted operating income increased 12% Y/Y to $121.1 million, aided by improved Commercial Operations and lower corporate expenses.

In 2025, the company’s operating cash flow stood at $479.8 million ...