BWX Technologies (BWXT) Misses Q3 EPS by 3c

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BWX Technologies Reports Third Quarter 2021 Results, Narrows 2021 Guidance and Strategically Deploys Capital to Repurchase Shares

November 1, 2021 4:10 PM EDT

Generates 3Q21 earnings per share of $0.63 (GAAP), $0.76 (non-GAAP) Narrows 2021 non-GAAP earning per share guidance to low end of initial range Returns $166 million of cash to shareholders in 3Q21 through share repurchases

LYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported third quarter 2021 revenue of $499 million, down 4% compared with $520 million in the third quarter 2020. GAAP net income for the third quarter 2021 was $59.9 million, or $0.63 per diluted share, compared with GAAP net income of $73.2 million, or $0.76 per diluted share, in... More