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BWXT Q1 Earnings Decline As Revenue Rises

Defense Daily Staff Defense Daily Staff
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BWXT Q1 Earnings Decline As Revenue Rises

Earnings fell at BWX Technologies [BWXT] in the first quarter, which the company attributed Monday to pension issues and lower productivity in the naval reactors business. Net earnings for the first quarter were $59 million, or $0.64 per share, down from $69.7 million, or $0.73 a share, in the year-ago quarter. Quarterly revenue was $530.7 million up year-over-year from $528.2 million, according to the earnings press release. Quarterly segment operating income for the Government Operations segment was $72 million, down…

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