10-Q quarterly report · filed Aug 7, 2017

BWX Technologies Inc (BWXT) Q2 2017 10-Q Quarterly Report

Short answer

BWX Technologies Inc (BWXT) filed its Q2 2017 10-Q quarterly report on Aug 7, 2017 for the quarter ended Jun 30, 2017.

BWX Technologies Inc Q2 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $410.0M, up 1.9% YoY from $402.4M
  • Operating margin 22.5% vs 22.0% YoY, operating income $92.3M vs $88.5M
  • Best segment: Nuclear Services, revenue $44.8M, margin 35.0% vs 13.7%
  • Worst segment: Nuclear Power, margin 12.0% vs 55.6%, operating income down $20.1M
  • Cash $171.5M, operating cash flow $64.0M vs $73.0M; share repurchases down $81.5M

Risk Factors

  • No material changes stated in legal proceedings versus 2016 10-K, except Apollo and Parks appeals remain pending in the Third Circuit
  • Apollo and Parks Litigation: approximately $125.0 million settlement demand, with possible loss estimated at $0.0 million to $125.0 million
  • Nuclear regulatory exposure: NEC operates two CNSC-licensed facilities fabricating natural uranium fuel in Canada
  • Canadian operations: $35.5 million FX forward contracts, primarily Canadian-dollar exposure, maturing through December 2019
  • Government concentration: Nuclear Operations Group revenue $312.9 million of $410.0 million quarterly revenue tied to naval nuclear programs

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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