BWX Technologies, Inc. reported its fourth quarter and full year 2024 financial results, concluding the year with record performance. Full year 2024 revenue increased 8% to $2.7 billion, adjusted EBITDA rose 6% to $499 million, and adjusted EPS grew 10% to $3.33.
For the fourth quarter of 2024, revenue was up 3% to $746 million, driven by strong growth in Commercial Operations, partially offset by slightly lower Government Operations. Adjusted EBITDA for Q4 was $130 million, down 12%, and non-GAAP EPS was $0.92, down 9%, impacted by project mix and corporate expense timing.
The company also initiated its 2025 guidance, projecting approximately $3.0 billion in revenue, adjusted EBITDA between $550 million and $570 million, and non-GAAP EPS in the range of $3.40 to $3.55. Free cash flow is expected to remain strong, guided at $265 million to $285 million, demonstrating confidence in future operational execution and growth.
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