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16.06.25 - 13:36
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BWXT Announces Leadership Changes (Business Wire)
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LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today the appointment of Kevin M. McCoy as the company's chief nuclear officer. In this role, McCoy will support the Department of Defense and Department of the Navy to accelerate the pace of Columbia and Virginia Class submarine production programs for the U.S. Navy.
Since 2022, McCoy has served as president of BWXT's Government Operations segment where he was responsible for overseeing BWXT's Nuclear Operations and Technical Services Groups and its subsidiary Advanced Technologies, LLC.
McCoy has over 40 years of leadership experience in shipyard operations, nuclear industrial operations and senior engineering positions in the U.S. Navy and private sector. He served as chief engineer of the U.S. Navy from 2005 to 2008 and as commander of the Naval Sea Systems Command (NAVSEA) from 2008 to 2013. He retired with the rank of Vice Admiral. Before joining BWXT, McCoy served as president of Irving Shipbuilding Inc. in Nova Scoti...
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21.05.25 - 13:36
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BWXT Closes Acquisition of Kinectrics (Business Wire)
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LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced that it has successfully completed its acquisition of Kinectrics, Inc. as of May 20, 2025.
“Since we announced our intention to acquire Kinectrics in January, we have been looking forward to this day, when the complementary nature of our organizations begins to take shape,” said John MacQuarrie, BWXT president of Commercial Operations. “From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market.”
Kinectrics offers a broad suite of nuclear power plant lifecycle support services, including for CANDU reactors, and lifecycle management services for the global nuclear power industry, transmission and distribution markets and in the production and supply of isotopes for the radiopharmaceutical industry.
The acquisition nearly doubles...
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12.05.25 - 14:18
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BWXT Announces Chief Financial Officer Transition (Business Wire)
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LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) today announced that Robb A. LeMasters has stepped down from his position as executive vice president and chief financial officer. The company has named Mike T. Fitzgerald, current chief accounting officer, as the interim chief financial officer.
Mr. Fitzgerald joined BWXT in 2022 as vice president, finance and chief accounting officer, responsible for overseeing and reporting on the company's day-to-day financial operations. He previously led MorganFranklin, LLC's aerospace and defense practice as managing director and was an audit senior manager at Deloitte & Touche, LLP. In 2024, his financial leadership at BWXT was recognized with a rising star award from the Northern Virginia Technology Council.
“Mike Fitzgerald has made an impressive impact on the company in a very short time, and I look forward to working with him in this expanded role,” said Rex Geveden, president and chief executive officer. “His depth of financial under...
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05.05.25 - 22:12
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BWX Technologies Reports First Quarter 2025 Results (Business Wire)
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1Q25 revenues of $682.3 million
1Q25 net income of $75.5 million, adjusted EBITDA(1) of $129.8 million
1Q25 diluted GAAP EPS of $0.82, non-GAAP(1) EPS of $0.91
Acquisition of Kinectrics Inc. on track to close in mid-2025
Land purchase in Oak Ridge, Tennessee to ultimately support the U.S. Department of Energy's National Nuclear Security Administration Domestic Uranium Enrichment Centrifuge Experiment
Reaffirms 2025 non-GAAP EPS(1) guidance of $3.40-$3.55
LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported first quarter 2025 results. A reconciliation of non-GAAP results is detailed in Exhibit 1.
“We had a solid start to 2025 with financial results that were ahead of expectations, driven by an increased pace of work and good operational performance," said Rex D. Geveden, president and chief executive officer. "We had another quarter of strong Commercial backlog growth and see robust opportuni...
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