News

- Delivered Consolidated Revenue Growth of 6% Over the Prior Year Period and Solid EPS of $0.39 - Increasing the Lower End of EPS Guidance - Executed a Definitive Agreement to Acquire GE-Hitachi Nuclear Energy Canada Inc. - Entered Into a $200 Million Accelerated Share Repurchase (ASR) Agreement - Amended Credit Agreement to Add Term Loan Facilities Totaling $250 Million

LYNCHBURG, Va.--(BUSINESS WIRE)--Sep. 19, 2016-- BWX Technologies, Inc. (NYSE:BWXT) announced today that it has entered into an accelerated share repurchase (ASR) agreement with Wells Fargo Bank, National Association to repurchase an aggregate of $200 million of the Company’s common stock. The ASR agreement was entered into under the Company’s previously authorized share repurchase program which had $253.4 million remaining as of June 30, 2016.

BWX Technologies, Inc. (NYSE:BWXT) announced today that James M. Jaska, Kenneth J. Krieg and Barbara A. Niland have been appointed to its Board of Directors to further the Board’s ongoing succession planning and refreshment efforts. Each of these new directors brings valuable industry experience and other qualifications that will support BWXT’s sustainable long-term growth and stability objectives.

BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has entered into a share purchase agreement to acquire all of the shares of the GE Hitachi Nuclear Energy Canada Inc. (GEH-C) joint venture.

- GAAP EPS of $0.55, Non-GAAP EPS of $0.44 (38% Growth Over the Prior Year Period)- Consolidated Revenue Growth of 13% Over the Prior Year Period- Awarded Steam Generator Design and Supply Contract from Bruce Power- Increasing 2016 Non-GAAP EPS Guidance Range to Between $1.57 and $1.67

BWX Technologies, Inc. (BWXT) (NYSE:BWXT) expects to webcast a discussion of its second quarter 2016 results on Tuesday, August 9, 2016 at 8:30 a.m. ET.

BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has been awarded a steam generator design, manufacturing and delivery contract valued at approximately $130 million CDN (approximately $100 million U.S.) from Bruce Power for its Bruce B Unit 6 reactor.

BWX Technologies, Inc. (NYSE: BWXT) (“BWXT” or the “Company”) today reported first quarter 2016 revenues of $364.8 million compared to $335.5 million in the first quarter of 2015, representing about 9% revenue growth.

BWX Technologies, Inc. (NYSE:BWXT) announced today that the U.S. Naval Nuclear Propulsion Program has awarded two of its subsidiaries contracts with options totaling approximately $3.1 billion for the manufacture of naval nuclear reactor components and fuel.

BWX Technologies, Inc. (NYSE:BWXT) announced today that its Nuclear Fuel Services, Inc. (NFS) subsidiary was awarded a contract valued at $241.5 million for the downblending of 10.4 metric tons of surplus highly enriched uranium (HEU).