2024-06-24 15:03:02 ET
Summary
- BWX Technologies, Inc. stock outperformed expectations, gaining 40% due to strength in aerospace, defense, and energy transition sectors.
- Stock tanked after earnings due to a delay in aircraft carrier procurement, impacting future revenue projections.
- The company saw revenue growth but EBITDA fell short, with guidance for single-digit revenue growth and improved free cash flow, leading to a Hold rating.
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BWX Technologies: Here Is Why The Stock Tanked After Earnings