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Business/Financial

Earnings Dip, but BWXT Reactor Work Ramping Up in Q2

Monday, August 5th, 2019

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Earnings Dip, but BWXT Reactor Work Ramping Up in Q2

Artist rendering of the future Columbia-class nuclear-armed ballistic missile submarine (SSBN), which will replace the Ohio-class submarines. (Illustration: U.S. Navy)

Earnings at BWX Technologies [BWXT], Lynchburg, Va., dipped slightly to just under $60 million even as second-quarter revenue rose 7% to about $470 million on the strength of busier work on naval nuclear submarine reactors, the company said after markets closed Monday. That translated to earnings of 62 cents a share, down from about 60 cents a share a year ago, BWX Technologies wrote in a press release. The company had not released its latest 10-Q filing with the Securities and…

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