BWX Technologies Inc (BWXT) saw its stock price surge 8.41% in after-hours trading on Monday, following the release of its impressive second-quarter earnings report and optimistic full-year guidance. The company, which specializes in nuclear components and fuel, significantly outperformed market expectations, demonstrating robust financial performance and growth prospects.
For the second quarter, BWX Technologies reported adjusted earnings per share (EPS) of $1.02, handily beating the analyst consensus estimate of $0.79 by 29.28%. This represents a substantial 24.39% increase from the same period last year when the company posted earnings of $0.82 per share. Revenue for the quarter came in at $764.039 million, surpassing the analyst expectations of $707.997 million by 7.92%. The strong top-line performance marks a 12.12% year-over-year growth from $681.465 million in the previous year's quarter.
Adding to the positive sentiment, BWX Technologies provided an upbeat outlook for the full fiscal year. The company now expects adjusted EPS in the range of $3.65 to $3.75, signaling confidence in its continued growth trajectory. This guidance, coupled with the strong quarterly results, likely fueled investor enthusiasm and contributed to the significant after-hours stock price increase. As BWX Technologies continues to capitalize on opportunities in the nuclear sector, investors appear optimistic about the company's future prospects and financial performance.