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Business/Financial

BWXT Earnings Rise in 2023, Fourth Quarter; DoE Award a ‘Wild Card’

Defense Daily Staff

Wednesday, February 28th, 2024

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BWXT Earnings Rise in 2023, Fourth Quarter; DoE Award a ‘Wild Card’

Earnings rose at BWX Technologies [BWXT] for 2023, which the maker of nuclear naval reactors and manager of nuclear weapons sites attributed Tuesday mostly to favorable adjustments on government contracts. For the year, net earnings were $246.3 million, or $2.68 per share, up about 7.7% from $238.6 million, or $2.60 a share in 2023. Annual revenue for 2023 was about $2.5 billion, up around 12% from some $2.23 billion in 2022, according to the company’s latest earnings press release. Fourth-quarter…

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