- Generates 3Q21 earnings per share of $0.63 (GAAP), $0.76 (non-GAAP)
- Narrows 2021 non-GAAP earning per share guidance to low end of initial range
- Returns $166 million of cash to shareholders in 3Q21 through share repurchases
Lynchburg, VA – November 1, 2021 – BWX Technologies, Inc. (NYSE: BWXT) (“BWXT”, “we”, “us” or the “Company”) reported third quarter 2021 revenue of $499 million, down 4% compared with $520 million in the third quarter 2020. GAAP net income for the third quarter 2021 was $59.9 million, or $0.63 per diluted share, compared with GAAP net income of $73.2 million, or $0.76 per diluted share, in the prior-year period. Non-GAAP net income for the third quarter 2021 was $72.0 million, or $0.76 per diluted share, compared with non-GAAP net income of $75.6 million, or $0.79 per diluted share, in the prior-year period. A reconciliation of non-GAAP results is detailed in Exhibit 1.