BWX Technologies reports $860 million revenue and $1.12 EPS as nuclear reactor orders drive 50% production expansion.
BWX Technologies (NYSE:BWXT) posted $860 million in revenue and $1.12 earnings per share in its latest quarterly report, reflecting strong demand for small and medium nuclear reactors. The company, the sole large-scale nuclear manufacturer in North America, is expanding production capacity by 50% to meet orders.
Shares have climbed 89% over the past year and 12% year-to-date, outpacing broader market gains. BWXT recently secured a deal to acquire PCG, expected to close in the second half of 2024, further strengthening its position in the nuclear power sector.
The company’s role in supplying critical reactor technology has drawn comparisons to historical industrial dominance, underscoring its strategic importance in energy infrastructure.