BWX Technologies Reports Strong Second Quarter 2020 Results and Increases 2020 Full-Year Earnings Guidance
06 August 2020
BWX Technologies, Inc. (NYSE: BWXT) reported second quarter 2020 revenue of $505 million, a 7% increase compared with $471 million in the second quarter of 2019. GAAP net income for the second quarter 2020 was $64.3 million, or $0.67 per diluted share, compared with GAAP net income of $58.9 million, or $0.62 per diluted share, in the prior-year period. Non-GAAP net income for the second quarter 2020 was $67.7 million, or $0.71 per diluted share, compared with non-GAAP net income of $59.1 million, or $0.62 per diluted share, in the prior-year period. A reconciliation of non-GAAP results is detailed in Exhibit 1.