BWX Technologies is scheduled to release its third-quarter earnings after market close on Monday, then follow the financial report with management’s earnings call with analysts at 9 a.m. Tuesday.
The Lynchburg, Va.-based nuclear parts and fuel specialist, one of the major players in the Department of Energy complex, reported revenue of $410 million and diluted earnings per share at $0.61 in the second quarter of 2017. That was compared to $402 million in revenue and $0.56 earnings per share during the second quarter of 2016. Generally accepted accounting principles (GAAP) quarterly operating income of $92.3 million rose from $88.5 million on a year-over-year basis. Segment revenue for BWXT Nuclear Services Group rose from $32.2 million in second-quarter 2016 to $44.8 million for 2017.
Also in the past quarter, BWXT increased its full-year earnings guidance for 2017 to between $1.97 and $2.07 per share, compared to the prior guidance of $1.85 to $1.95.
BWX Technologies has been busy in the DOE Cold War cleanup space lately. A BWXT-led joint venture, Savannah River EcoManagement, on Oct. 12 won a $4.7 billion contract from the department’s Office of Environmental Management for liquid waste management at the Savannah River Site in South Carolina. The company’s partners are Bechtel National and Honeywell International. The losing bidding teams, one led by AECOM and one led by Fluor, filed contract protests with the Government Accountability Office on Oct. 31.
Nuclear Waste Partnership, a joint venture between AECOM AND BWXT, in September was awarded a three-year extension for continued operation and management of DOE’s Waste Isolation Pilot Plant near Carlsbad, N.M. The extension, which is worth $928 million, keeps the joint venture on the job at WIPP through September 2020. WIPP is the nation’s only deep underground disposal site for transuranic waste.