BWX Technologies reports higher sales, profit in nuclear operations group

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.