BWX Technologies (BWXT) Q3 FY2021 earnings: revenue $499 million, down 4.1% on the year
BWX Technologies, Inc. (BWXT) reported revenue of $499 million for Q3 FY2021, the quarter ended 30 September 2021, down 4.1% on the same quarter a year earlier. Net income was $60 million, down 18.1% on the year, and diluted earnings per share $0.63. The figures are the company's own, from the 10-Q it filed with the SEC on 1 November 2021.
Revenue
$499 million
-4.1% on the year · -1.3% on the quarter
Q4 FY2019Q3 FY2021
Operating margin
17.5%
17.1% a year earlier
Q4 FY2019Q3 FY2021
Net income
$60 million
-18.1% on the year · +1.0% on the quarter
Q4 FY2019Q3 FY2021
Diluted EPS
$0.63
-17.1% on the year · +1.6% on the quarter
Q4 FY2019Q3 FY2021
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Revenue
499
505
520
-1.3%
-4.1%
Cost of revenue
362
376
374
-3.8%
-3.3%
Gross profit
137
129
146
+6.1%
-6.1%
Gross margin
27.5%
25.6%
28.1%
Research and development
2.9
3.5
2.9
-18.1%
-2.1%
Selling, general and administrative
58.5
59.3
62.6
-1.4%
-6.7%
Operating income
87.5
73.8
88.8
+18.6%
-1.5%
Operating margin
17.5%
14.6%
17.1%
Interest expense
11.5
10.2
7.7
+12.5%
+49.1%
Pre-tax income
77.8
78.9
91.9
-1.5%
-15.4%
Income tax
17.6
19.5
18.7
-9.8%
-5.8%
Effective tax rate
22.6%
24.7%
20.3%
Net income
59.9
59.3
73.2
+1.0%
-18.1%
Net margin
12.0%
11.7%
14.1%
Diluted EPS
$0.63
$0.62
$0.76
+1.6%
-17.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Operating cash flow
67.3
59.9
-7.5
+12.3%
Capital expenditure
66.5
68.2
64.5
-2.6%
+3.1%
Free cash flow
0.8
-8.3
-72.0
Free cash flow margin
0.2%
-1.6%
-13.9%
Cash from investing
-64.5
-67.6
-64.2
Cash from financing
-124
140
55.4
Depreciation and amortisation
17.5
17.1
14.9
+2.3%
+17.4%
Share-based compensation
5.5
5.0
4.7
+10.0%
+17.0%
Buybacks
166
0.0
0.0
+613,866.7%
Dividends paid
20.0
20.0
18.1
-0.3%
+10.0%
Dividend per share
$0.21
$0.21
$0.19
0.0%
+10.5%
Diluted shares, weighted
94m
96m
96m
-1.1%
-1.3%
Shares outstanding at period end
92m
95m
95m
-3.1%
-3.3%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Shareholders' equity
578
709
550
-18.4%
+5.1%
Non-controlling interest
0.3
0.1
-0.1
+187.8%
Debt
1,254
1,184
902
+5.9%
+39.0%
Other liabilities
657
673
672
-2.4%
-2.2%
Total liabilities and equity
2,490
2,566
2,124
-3.0%
+17.2%
Fixed assets
984
942
715
+4.4%
+37.6%
Goodwill
285
288
276
-1.0%
+3.3%
Intangible assets
187
193
189
-2.9%
-0.9%
Investments
3.8
3.3
3.7
+15.8%
+3.3%
Cash and equivalents
69.4
191
44.7
-63.6%
+55.3%
Receivables
57.1
61.1
85.3
-6.5%
-33.0%
Inventory
14.9
14.8
13.0
+0.7%
+14.6%
Other assets
888
873
798
+1.7%
+11.4%
Total assets
2,490
2,566
2,124
-3.0%
+17.2%
Questions
What was BWX Technologies' revenue in Q3 FY2021?
BWX Technologies (BWXT) reported revenue of $499 million for Q3 FY2021, the quarter ended 30 September 2021, down 4.1% on the same quarter a year earlier.
How much did BWX Technologies earn in Q3 FY2021?
Net income for Q3 FY2021 was $60 million, down 18.1% on the year, and diluted earnings per share $0.63.
When did BWX Technologies report Q3 FY2021 results?
BWX Technologies filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 1 November 2021.
Each quarter as filed, linked to its filing. Read moreMoney is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2021, filed 1 November 2021: the filing.