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BWX beats 4Q profit forecasts

LYNCHBURG, Va. (AP) _ BWX Technologies Inc. (BWXT) on Monday reported fourth-quarter net income of $34 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Lynchburg, Virginia-based company said it had net income of 34 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 46 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The supplier of nuclear fuel and components to the U.S. government posted revenue of $403.9 million in the period.

For the year, the company reported profit of $183.1 million, or $1.76 per share. Revenue was reported as $1.55 billion.

BWX expects full-year earnings in the range of $1.85 to $1.95 per share, with revenue in the range of $1.6 billion to $1.7 billion.

BWX shares have increased almost 8 percent since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BWXT at https://www.zacks.com/ap/BWXT

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Keywords: BWX Technologies, Earnings Report