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BWX Technologies, Inc. (BWXT) CEO Rex Geveden on Q1 2020 Results - Earnings Call Transcript

May 06, 2020 1:00 AM ETBWX Technologies, Inc. (BWXT)
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BWX Technologies, Inc. (NYSE:BWXT) Q1 2020 Results Conference Call May 5, 2020 8:30 AM ET

Company Participants

Mark Kratz - Director, IR

Rex Geveden - President, CEO & Director

David Black - SVP, CFO & Treasurer

Conference Call Participants

Peter Arment - Baird

Pete Skibitski - Alembic Global Advisors

Bob Labick - CJS Securities

Michael Ciarmoli - SunTrust Robinson Humphrey

Tate Sullivan - Maxim Group


Ladies and gentlemen, welcome to BWX Technologies First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the Company's prepared remarks, we will conduct a question-and-answer session and instructions will be given at that time.

I would now like to turn the call over to our host, Mr. Mark Kratz, BWXT's director of investor relations. Please go ahead.

Mark Kratz

Thanks, Grant. Good morning, and thank you for joining BWXT's first-quarter 2020 earnings call. Joining me today are Rex Geveden, president and chief executive officer; and David Black, senior vice president and chief financial officer. On today's call, we will discuss certain matters that constitute forward-looking statements and involve risks and uncertainties, including those described in the safe harbor provision found in yesterday's earnings release and BWXT SEC filings.

We will also provide non-GAAP financial measures, which are reconciled to GAAP measures in the quarterly materials. Copies of these documents, along with today's earnings presentation are available on the Investors section of our website. And with that, I will turn the call over to Rex.

Rex Geveden

Thank you, Mark, and good morning. Yesterday, we reported exceptional first-quarter results despite a generally challenging business environment resulting from the COVID-19 health crisis. Consolidated revenues were up 30%, with all three segments growing. And earnings were $0.79 per share, both setting new quarterly records for BWXT.

First-quarter outperformance was led

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