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BWX Technologies Reports First Quarter 2021 Results and Commences New Multi-Year Guidance Framework

03 May 2021

Highlights:

  • Generates 1Q21 earnings of $0.73 per share on consolidated revenue of $528 million
  • Reports robust backlog of nearly $5.2 billion driven by Naval Reactors bookings and other wins
  • Reiterates 2021 guidance: non-GAAP earnings range of $3.05 to $3.20 per share
  • Initiates new $500 million share repurchase authorization
  • Commences new multi-year guidance framework for growth, free cash flow and capital allocation

BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported first quarter 2021 revenue of $528 million, a 2.6% decrease compared with $542 million in the first quarter 2020. Net income for the first quarter 2021 was $69.7 million, or $0.73 per diluted share, compared with GAAP net income of $75.5 million, or $0.79 per diluted share and nonGAAP net income of $75.6 million, or $0.79 per diluted share, in the prior-year period.

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Press Contacts:

BWX Technologies, Inc.

Jud Simmons 
+1 434.522.3800
hjsimmons@bwxt.com

BWXT Canada Ltd.  

Natalie Cutler 
+1 519.620.5288 
nacutler@bwxt.com 

BWXT Nuclear Energy Canada Inc.

Natalie Cutler
+1 519.620.5288  
nacutler@bwxt.com 

Nuclear Fuel Services, Inc.

Laura Bailey 
+1 423.743.9141
lebailey@nuclearfuelservices.com