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BWX Technologies Cites Strong First-Quarter Earnings

Defense Daily Staff Defense Daily Staff
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BWX Technologies Cites Strong First-Quarter Earnings

BWX Technologies [BWXT] brought in $542 million in first-quarter 2020 revenue, 30% more than the $416 million generated during the first three months of 2019. Net income for the period ended March 31 amounted to $75.5 million, $0.79 per diluted share, a significant year-over-year jump from $49 million, $0.51 per diluted share, the Lynchburg, Va.-based company said in a Tuesday press release. “We had a remarkably strong first quarter 2020 with record revenues and earnings led by growth in our naval…

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