BWX Technologies' nuclear operations group reports increased sales, profit

By Marjorie Censer / May 5, 2020 at 2:00 PM

BWX Technologies said this week sales during its most recent quarter in its nuclear operations group, which includes its naval work, totaled $424 million, up 39% from the same three-month period a year earlier.

The company attributed the gains to "higher production volume including Columbia-class [submarine] components and the timing of procurement of long-lead material."

The unit's quarterly profit reached $90 million, up 57% from the prior year.

Rex Geveden, BWXT's chief executive, told analysts during a call today the group has seen "no notable disruptions to date" from the coronavirus crisis.

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