Breakthroughs in Additive Manufacturing Could Hasten Advanced Reactor Development
(LYNCHBURG, Va. – Nov. 23, 2020) – The development of advanced nuclear reactors is continuing at a rapid pace, but issues still remain working with some specialty materials that are important to these reactors. Teamed with the Oak Ridge National Laboratory, engineers and designers at BWX Technologies, Inc. (BWXT) have developed new additive manufacturing technologies for the design and manufacture of reactor components made from high-temperature alloys and refractory metals.
BWXT to Present at Baird’s 2020 Global Industrial Conference
(LYNCHBURG, Va. – Nov. 10, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that President and Chief Executive Officer Rex Geveden will be presenting at Baird’s 2020 Global Industrial Conference on Thursday, Nov. 12, 2020. Chief Financial Officer David Black and Investor Relations Director Mark Kratz will also be attending the virtual conference.
BWXT Accomplishes Restart of TRISO Nuclear Fuel Manufacturing
(LYNCHBURG, Va. – November 10, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that its BWXT Nuclear Operations Group, Inc. subsidiary has completed its TRISO nuclear fuel line restart project and is actively producing fuel at its Lynchburg, Va. facility.
BWX Technologies Reports Solid Third Quarter 2020 Results; Increases 2020 Full-Year Earnings Guidance Once Again
LYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported third quarter 2020 revenue of $520 million, a 3% increase compared with $506 million in the third quarter of 2019. GAAP net income for the third quarter 2020 was $73.2 million, or $0.76 per diluted share, compared with GAAP net income of $74.8 million, or $0.78 per diluted share, in the prior-year period. Non-GAAP net income for the third quarter 2020 was $75.6 million, or $0.79 per diluted share, compared with non-GAAP net income of $75.3 million, or $0.79 per diluted share, in the prior-year period.