| Quarterly Financial Data (Unaudited) |
QUARTERLY FINANCIAL DATA (UNAUDITED) The following tables set forth selected unaudited quarterly financial information for the years ended December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2025
Quarter Ended | | | | March 31,
2025 | | June 30,
2025 | | September 30,
2025 | | December 31,
2025 | | | | (In thousands, except per share amounts) | Revenues | | $ | 682,258 | | | $ | 764,039 | | | $ | 866,286 | | | $ | 885,842 | | Operating income (1) | | $ | 96,630 | | | $ | 102,424 | | | $ | 113,349 | | | $ | 92,056 | | Equity in income of investees | | $ | 16,588 | | | $ | 18,545 | | | $ | 21,216 | | | $ | 18,562 | | Net Income Attributable to BWX Technologies, Inc. | | $ | 75,462 | | | $ | 78,388 | | | $ | 82,106 | | | $ | 92,989 | | Earnings per common share: | | | | | | | | | | Basic: | | | | | | | | | | Net Income Attributable to BWX Technologies, Inc. | | $ | 0.82 | | | $ | 0.86 | | | $ | 0.90 | | | $ | 1.02 | | | Diluted: | | | | | | | | | | Net Income Attributable to BWX Technologies, Inc. | | $ | 0.82 | | | $ | 0.85 | | | $ | 0.89 | | | $ | 1.01 | |
(1)Includes equity in income of investees. In the quarter ended June 30, 2025, we recognized favorable contract adjustments totaling $29.4 million related to a nuclear operations contract. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024
Quarter Ended | | | | March 31,
2024 | | June 30,
2024 | | September 30,
2024 | | December 31,
2024 | | | | (In thousands, except per share amounts) | Revenues | | $ | 603,966 | | | $ | 681,465 | | | $ | 671,956 | | | $ | 746,267 | | Operating income (1) | | $ | 92,961 | | | $ | 98,806 | | | $ | 96,578 | | | $ | 92,262 | | Equity in income of investees | | $ | 13,203 | | | $ | 11,584 | | | $ | 15,532 | | | $ | 15,612 | | Net Income Attributable to BWX Technologies, Inc. | | $ | 68,468 | | | $ | 72,972 | | | $ | 69,483 | | | $ | 71,018 | | Earnings per common share: | | | | | | | | | | Basic: | | | | | | | | | | Net Income Attributable to BWX Technologies, Inc. | | $ | 0.75 | | | $ | 0.80 | | | $ | 0.76 | | | $ | 0.78 | | | Diluted: | | | | | | | | | | Net Income Attributable to BWX Technologies, Inc. | | $ | 0.75 | | | $ | 0.79 | | | $ | 0.76 | | | $ | 0.77 | |
(1)Includes equity in income of investees. We immediately recognize actuarial gains (losses) for our pension and postretirement benefit plans in earnings as a component of net periodic benefit cost. Recorded in the quarters ended December 31, 2025 and 2024, the effects of these adjustments on pre-tax income were $6.6 million and $(10.6) million, respectively.
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