BWXT Naval Nukes Help Power 2019 Earnings

摘要

Energy Department contractor BWX Technologies took in $501 million of revenue during the fourth quarter of 2019, a 5%uptick over $478 million a year earlier.In addition, the Lynchburg, Va.-based company reported late Monday that revenue of nearly $1.9 billion for the 12 monthsended Dec. 31 set a new record and represented a 5% increase from $1.8 billion during 2018.Those numbers were good for $244 in net income for 2019, or $2.55 a share, beating 2018’s net income of $227 million,or $2.27 a share. Quarterly net income was $61.4 million, or $0.64 a share, up from $21.9 million, or $0.22 a share."We had an exceptionally strong finish to 2019 that resulted in new highs in revenue, earnings and backlog for the year,"BWXT President and CEO Rex Geveden said in the earnings press release.