BWX Technologies Inc 2026年季度报告

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto. BWX TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter)__________________________________________________________________________________________________________________________________ Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, $0.01 par valueBWXTNew York Stock Exchange Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subjectto such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares of the registrant's common stock outstanding at April30, 2026 was 91,614,649. BWX TECHNOLOGIES, INC.INDEX – FORM 10-Q PART I – FINANCIAL INFORMATION PART II – OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk Factors Item 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5Other InformationItem 6.Exhibits Signatures BWX TECHNOLOGIES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS BWX TECHNOLOGIES, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 1 – BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES We have presented the condensed consolidated financial statements of BWX Technologies, Inc. ("BWXT" or the "Company") inU.S. dollars in accordance with the interim reporting requirements of Form 10-Q, Rule10-01 of RegulationS-X and accountingprinciples generally accepted in the United States ("GAAP"). Certain financial information and disclosures normally included in ourfinancial statements prepared annually in accordance with GAAP have been condensed or omitted. Readers of these financial We use the equity method to account for investments in entities that we do not control, but over which we have the ability toexercise significant influence. We generally refer to these entities as "joint ventures". We have eliminated all intercompanytransactions and accounts. We classify assets and liabilities related to long-term contracts as current using the duration of the related Unless the context otherwise indicates, "we," "us" and "our" mean BWXT and its consolidated subsidiaries. Reportable Segments We operate in two reportable segments: Government Operations and Commercial Operations. Our reportable segments are •Our Government Operations segment manufactures naval nuclear reactors, including the related nuclear fuel, for the U.S.Naval Nuclear Propulsion Program for use in submarines and aircraft carriers. Through this segment, we also fabricate fuel-bearing precision components that range in weight from a few grams to hundreds of tons, manufacture electro-mechanicalequipment, perform design, manufacturing, inspection, assembly and testing activities and downblend Cold War-eragovernment stockpiles of high-enriched uranium, develop capabilities related to the manufacture of high-purity depleteduranium, design advanced reactors and manufacture other advanced materials and products for commercial, military andspace applications. In addition, we supply proprietary and sole-source valves, manifolds and fittings to global naval andcommercial shipping customers. In-house capabilities also include wet chemistry uranium processing, advanced heattreatment to optimize component material properties and a controlled, clean-room environment with the capacity to assemble •Our Commercial Operations segment fabricates commercial nuclear steam generators, nuclear fuel, fuel handling systems,pressure vessels, reactor components, heat exchangers, tooling delivery systems and other auxiliary equipment, includingcontainers for the storage of spent nuclear fuel and other high-level waste and supplies nuclear-grade materials and preciselymachined components for nuclear u