Short answer
BWX Technologies Inc (BWXT) filed its Q3 2017 10-Q quarterly report on Nov 6, 2017 for the quarter ended Sep 30, 2017.
BWX Technologies Inc Q3 2017 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $419.4M, up 10.5% YoY from $379.5M
- Operating margin 17.6% vs 16.4% YoY, operating income $73.7M vs $62.4M
- Best segment Nuclear Power Group: revenue $68.6M, up 90.0%; worst Nuclear Services Group: revenue $27.5M, down 4.4%
- Cash and equivalents $225.4M vs $158.1M; nine-month operating cash flow $144.7M vs $92.5M
- Backlog $3.535B, with $0.8B options expected mostly exercised in fourth quarter, subject to appropriations
Risk Factors
- No material changes to 2016 10-K legal proceedings, limiting new regulatory or compliance disclosures
- NEC acquisition expanded Canadian CNSC-licensed operations, adding exposure to nuclear licensing compliance
- Revenue-standard adoption planned January 1, 2018, with potential timing changes and reduced contract balances
- Contract estimates and percentage-of-completion accounting exposed results to cost overruns and loss recognition
- Debt totaled $517.1 million, including $28.0 million current maturities at September 30, 2017
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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