BWX Technologies (BWXT) Misses Q3 EPS by 22c, Revenues Miss; Offers FY18 EPS/Revenue Outlook Below Consensus
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BWX Technologies Reports Third Quarter 2018 Results
November 6, 2018 4:30 PM ESTReiterates Long-Term Guidance
3Q18 revenue growth of 1.5%; 3Q18 orders up significantly; backlog at $3.8 billion 3Q18 GAAP EPS of $0.78 and non-GAAP EPS of $0.40, each inclusive of a $0.21 negative impact for missile tube reserves Returned $79 million to shareholders in 3Q18; approved a new $250 million share repurchase authorization Updated 2018 guidance: non-GAAP EPS in a range of $2.23 to $2.27, revenue of approximately $1.8 billion Reiterated long-term guidance of low double-digit EPS growth
LYNCHBURG, Va.--(BUSINESS WIRE)--... More
