Shares of BWX Technologies, Inc. (NYSE: BWXT) closed the trading at a price of $52.10 with the positive change of +0.70%. In the past session approximately 120,240 shares were exchanged against the average daily trading volume of 458,173 shares. The stock touched to the maximum level of $52.21, and it reached the lower level of $51.48 in past session. The stock’s market capitalization has now valued at $4.957B . The stock’s low price in its 52 week is $35.91 per share while $67.42 as the 52 week high price. The last bid price was called at $51.93 x 1400 and the ask price was stated at $51.95 x 1300.
BWX Technologies, Inc. (NYSE: BWXT) stated first quarter 2019 revenue of $416M, a 9.0% decrease contrast with $457M in the first quarter of 2018. Net income for the first quarter 2019 was $49.0M, or $0.51 per diluted share, contrast with GAAP net income of $66.4M, or $0.66 per diluted share, and non-GAAP net income of $67.6M, or $0.67 per diluted share, in the first quarter 2018.
“The Nuclear Operations Group received nearly $1.7B in orders, which resulted in all-time record backlog for the company of over $4.8B.”
Nuclear Operations Group (NOG) section revenue was $305M for the first quarter of 2019, a 3.7% decrease from the prior-year period, driven primarily. NOG operating income was $57.6M in the first quarter of 2019, a 15% decrease contrast with the prior-year period primarily. First quarter section operating margins were 18.9%.
Nuclear Power Group (NPG) section revenue was $84.4M for the first quarter of 2019, a 25% decrease from the prior-year period primarily. NPG operating income was $12.6M in the first quarter of 2019, a 42% decrease from the prior-year period driven primarily. First quarter section operating margins were 14.9%.
Nuclear Services Group (NSG) section operating income was $1.6M for the first quarter of 2019 contrast with $1.2M for the first quarter of 2018.
Liquidity and Debt
The Company utilized $17.7M of net cash in operating activities in the first quarter of 2019 contrast with $18.6M of net cash utilized in operating activities in the prior-year period. At the end of the first quarter 2019, the Company’s cash and short-term investments position, net of restricted cash, was $26.6M.
As of March 31, 2019, the Company had gross debt of $879.6M and $64.3M in letters of credit issued under the Company’s revolving credit facility. Gross debt included $400.0M in senior notes, $276.9M in term loans and $202.7M in borrowings under the Company’s revolving credit facility. As a result, the Company had $233.0M in remaining availability under its revolving credit facility.