Lynchburg-based BWXT Applied sciences on Monday reported a decrease first-quarter revenue however reiterated its 2021 earnings-per-share steering.
The nuclear-services agency, which has about 2,700 workers within the area, reported web revenue of $69.7 million, or 73 cents per share, down from GAAP web revenue of $75.5 million, or 79 cents per share, and non-GAAP web revenue of $75.6 million, or 79 cents per share, throughout the identical quarter of 2020.
BWX Applied sciences (NYSE:BWXT) reviews its earnings underneath GAAP, a normal for reporting monetary outcomes, and typically reviews non-GAAP figures, which embrace elements unrelated to the agency’s core enterprise, primarily modifications in pension valuation.
In a information launch Monday, the corporate reiterated its full-year steering of $3.05 to $3.20 per share.
“Strong first quarter outcomes had been complemented by the achievement of a number of vital milestones together with new wins in microreactor packages, new agreements and progress in medical isotopes, and completion and reserving of the multi-year pricing settlement with Naval Reactors,” BWXT President and CEO Rex Geveden stated in a information launch. “Not solely do these milestones enhance backlog to near-record ranges, however in addition they strategically place the corporate to execute and proceed to develop.”
Final month, the corporate introduced the U.S. Naval Nuclear Propulsion Program awarded it $2.2 billion in contracts over eight years, assuming annual congressional appropriation.