BWX Technologies (BWXT) Misses Q3 EPS by 22c, Revenues Miss; Offers FY18 EPS/Revenue Outlook Below Consensus

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Go back to BWX Technologies (BWXT) Misses Q3 EPS by 22c, Revenues Miss; Offers FY18 EPS/Revenue Outlook Below Consensus

BWX Technologies Reports Third Quarter 2018 Results

November 6, 2018 4:30 PM EST

Reiterates Long-Term Guidance

3Q18 revenue growth of 1.5%; 3Q18 orders up significantly; backlog at $3.8 billion 3Q18 GAAP EPS of $0.78 and non-GAAP EPS of $0.40, each inclusive of a $0.21 negative impact for missile tube reserves Returned $79 million to shareholders in 3Q18; approved a new $250 million share repurchase authorization Updated 2018 guidance: non-GAAP EPS in a range of $2.23 to $2.27, revenue of approximately $1.8 billion Reiterated long-term guidance of low double-digit EPS growth

LYNCHBURG, Va.--(BUSINESS WIRE)--... More