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BWXT’s 2018 Earnings Soar on Sub Business; Company Getting Colder Feet on Follow-on Missile Tube Work

Dan Leone By
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BWXT’s 2018 Earnings Soar on Sub Business; Company Getting Colder Feet on Follow-on Missile Tube Work

BWX Technologies [BWXT] said Monday it capped 2018 with better than 50 percent earnings growth after clinching more nuclear naval, environmental cleanup, and uranium downblending work from the Department of Energy. Company-wide net earnings came in at over $225 million in 2018, up more than 50 percent from just under $150 million in 2017. Management reported $2.27 in earnings per share in 2018, up from $1.49 year-over-year. Total company revenue in 2018 was about $1.8 billion, rising than 6.5 percent from…

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