BWX Technologies 2026年季度报告

FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June30, 2026.OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto.Commission File No.001-34658BWX TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter)__________________________________________________________________________________________________________________________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 800 Main Street, 4th Floor, Lynchburg, Virginia 24504(Former name or former address, if changed since last report) Registrant's telephone number, including area code: (980) 365-4300_________________________________________________________________________________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Common Stock, $0.01 par valueBWXT 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"emerging growth company" in Rule 12b-2 of the Exchange Act. 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 July31, 2026 was 91,621,980. BWX TECHNOLOGIES, INC.INDEX – FORM 10-Q PART I – FINANCIAL INFORMATION Item 1.Condensed Consolidated Financial Statements2Condensed Consolidated Statements of IncomeThree and Six Months Ended June 30, 2026 and 2025 (Unaudited)2Condensed Consolidated Statements of Comprehensive IncomeThree and Six Months Ended June 30, 2026 and 2025 (Unaudited)3Condensed Consolidated Balance SheetsJune 30, 2026 and December 31, 2025 (Unaudited)4Condensed Consolidated Statements of Stockholders' EquityThree Months Ended March 31 and June 30, 2026 and 2025 (Unaudited)6Condensed Consolidated Statements of Cash FlowsSix Months Ended June 30, 2026 and 2025 (Unaudited)7Notes to Condensed Consolidated Financial Statements8Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations21Item 3.Quantitative and Qualitative Disclosures About Market Risk32Item 4.Controls and Procedures32 PART II – OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5Other InformationItem 6.Exhibits 3333332934 Signatures35 PART I FINANCIAL INFORMATION Item1.CONDENSED CONSOLIDATED FINANCIAL STATEMENTS BWX TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME BWX TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME BWX TECHNOLOGIES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS ASSETS BWX TECHNOLOGIES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS BWX TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS BWX TECHNOLOGIES, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTSJUNE30, 2026(UNAUDITED) 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 financialstatements should, therefore, refer to the consolidated financial statements and notes in our annual report on Form 10-K for the yearended December31, 2025 (our "2025 10-K"). We have included all adjustments, in the opinion of management, consisting on