BWX Technologies, Inc. Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| (In thousands, except shares and per share amounts) | ||||||||||||||||||||
Basic: | ||||||||||||||||||||
Net Income Attributable to BWX Technologies, Inc. | $ | 328,945 | $ | 281,941 | $ | 245,849 | ||||||||||||||
Weighted-average common shares | 91,566,280 | 91,572,674 | 91,619,156 | |||||||||||||||||
Basic earnings per common share | $ | 3.59 | $ | 3.08 | $ | 2.68 | ||||||||||||||
Diluted: | ||||||||||||||||||||
Net Income Attributable to BWX Technologies, Inc. | $ | 328,945 | $ | 281,941 | $ | 245,849 | ||||||||||||||
Weighted-average common shares (basic) | 91,566,280 | 91,572,674 | 91,619,156 | |||||||||||||||||
Effect of dilutive securities: | ||||||||||||||||||||
Stock options, restricted stock units and performance shares (1) | 289,733 | 287,058 | 255,381 | |||||||||||||||||
Adjusted weighted-average common shares | 91,856,013 | 91,859,732 | 91,874,537 | |||||||||||||||||
Diluted earnings per common share | $ | 3.58 | $ | 3.07 | $ | 2.68 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 24, 2020 | |
| 2018 | Feb 25, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Feb 27, 2017 | |
| 2015 | Feb 24, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.