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BWXT Reports Better Q3 Earnings; Casts Eye on Prize at Hanford

Defense Daily Staff Defense Daily Staff
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BWXT Reports Better Q3 Earnings; Casts Eye on Prize at Hanford

Earnings rose at BWX Technologies [BWXT], Lynchburg, Va., in the third quarter, which the nuclear contractor attributed during a Monday earnings report to growth throughout its naval, weapons cleanup and commercial power lines. Net earnings for the 2022 third quarter were $61.6 million, or $0.67 a share, up from $60.2 million, or $0.63 a share, in the year-ago quarter. Quarterly revenue was $$523.7 million, up year-over-year from $498.7 million. Operating income for the Government Operations segment was $78 million, down…

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