BWX Technologies reports higher sales, profit in nuclear operations group

By Marjorie Censer / February 23, 2021 at 9:51 AM

BWX Technologies said this week sales in its most recent quarter in its nuclear operations group, which includes its naval work, totaled $426 million, up 15% from the same three-month period a year earlier.

The company reported quarterly profit in the group of $81.3 million, up 13% from the prior year.

For 2020, the nuclear operations group reported sales of $1.6 billion, up 15% from 2019. The company's profit in 2020 in that unit hit $326 million, up 9%.

In a call with analysts today, Rex Geveden, BWXT's chief executive, said the company has seen some absences related to COVID-19 infections. However, he said, the company has reviewed these cases and found that most are not a result of workplace transmission.