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BWX Technologies, Inc. (BWXT) CEO Rex Geveden on Q2 2021 Results - Earnings Call Transcript

Aug. 02, 2021 10:00 PM ETBWX Technologies, Inc. (BWXT)
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BWX Technologies, Inc. (NYSE:BWXT) Q2 2021 Earnings Conference Call August 2, 2021 5:00 PM ET

Company Participants

Mark Kratz - VP, IR

Rex Geveden - President and CEO

David Black - SVP and CFO

Conference Call Participants

Bob Labick - CJS Securities

Robert Spingarn - Credit Suisse

Peter Arment - Baird

Michael Ciarmoli - Truist

Ron Epstein - Bank of America


Ladies and gentlemen, welcome to BWX Technologies Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Following the company’s prepared remarks, we will conduct a question-and-answer session and instructions will be given at that time. Please note this event is being recorded.

I would now like to turn the conference call over to our host, Mark Kratz, BWXT’s Vice President of Investor Relations. Please go ahead.

Mark Kratz

Thank you, Andrea. Good evening and welcome to BWXT’s second quarter 2021 earnings call. Joining me today are Rex Geveden, President and CEO; and David Black, Senior Vice President and CFO.

On today’s call, we will discuss certain matters that constitute forward-looking statements. These statements involve risks and uncertainties, including those described in the Safe Harbor provisions found in today's earnings release and the company’s SEC filings. We will also discuss non-GAAP financial measures, which are reconciled to GAAP measures in the quarterly materials that are available on the BWXT website.

With that Rex, I will turn the call over to you.

Rex Geveden

Thank you, Mark and good morning everyone. Earlier today we've reported solid second quarter results with earnings of $0.62 a share on over a $0.5 billion of revenue as we prepare for a strong second half. Although down on a comparative basis, year to year -- year-to-date earnings are where we anticipated as we crossed the midpoint of 2021 and we have clear line of

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