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BWX Technologies Reports Record Third Quarter 2019 Results; Increases Full-Year 2019 Non-GAAP EPS Guidance

04 November 2019

LYNCHBURG, Va.-(BUSINESS WIRE)-BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported third quarter 2019 revenue of $506 million, a new quarterly record for the Company and an 18.9% increase compared with $426 million in the third quarter of 2018. GAAP net income for the third quarter 2019 was $74.8 million, or $0.78 per diluted share, compared with GAAP net income of $77.9 million, or $0.78 per diluted share, in the prior-year period. Non-GAAP net income for the third quarter 2019 was $75.3 million, or $0.79 per diluted share, compared with non-GAAP net income of $40.1 million, or $0.40 per diluted share, in the prior-year period. A reconciliation of non-GAAP results is detailed in Exhibit 1.

Press Contacts:

BWX Technologies, Inc.

Jud Simmons 
+1 434.522.3800
hjsimmons@bwxt.com

BWXT Canada Ltd.
BWXT Nuclear Energy Canada Inc.
BWXT Medical Ltd.

Monifa Miller
+1 519.242.8071
mamiller@bwxt.com 

Nuclear Fuel Services, Inc.

Laura Bailey 
+1 423.743.9141
lebailey@nuclearfuelservices.com 

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