BWX Technologies Reports Second Quarter 2021 Results and Continues Progress On Future Growth Milestones
02 August 2021
- Generates 2Q21 earnings of $0.62 per share on consolidated revenue of $505 million
- Reiterates 2021 guidance: non-GAAP earnings range of $3.05 to $3.20 per share
- Continues progress on Technetium-99m commercialization
- Secures award for next phase of Nuclear Thermal Propulsion Program with NASA
- Sets date for Investor Day in New York City on November 16, 2021
Lynchburg, VA – August 2, 2021 - BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported second quarter 2021 revenue of $505 million, about even compared with $505 million in the second quarter 2020. Net income for the second quarter 2021 was $59.3 million, or $0.62 per diluted share, compared with GAAP net income of $64.3 million, or $0.67 per diluted share and non- GAAP net income of $67.7 million, or $0.71 per diluted share, in the prior-year period. A reconciliation of non-GAAP results is detailed in Exhibit 1.