Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 64

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 64
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 Service Lines: Year Ended December 31, 202420232022 (In thousands)REVENUES:Government Operations:Nuclear Components and Fuel$1,692,218 $1,610,183 $1,494,810 Uranium Processing and Nuclear Services287,014 276,690 233,197 Advanced Reactor Design and Engineering203,808 144,464 80,476 2,183,040 2,031,337 1,808,483 Commercial Operations:Nuclear Manufacturing288,772 231,944 221,458 Nuclear Services and Engineering235,200 234,400 205,900 523,972 466,344 427,358 Eliminations(3,358)(1,372)(3,007)$2,703,654 $2,496,309 $2,232,834 Information about our Consolidated Operations in Different Geographic Areas:December 31,202420232022(In thousands)NET PROPERTY, PLANT AND EQUIPMENT:United States$813,352 $784,062 $743,767 Canada462,593 442,755 389,490 United Kingdom2,216 1,703 1,640 $1,278,161 $1,228,520 $1,134,897 See Note 3 for revenues by geographic area for each of our segments.

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Information about our Major Customers:In the years ended December 31, 2024, 2023 and 2022, sales to the U.S. Government accounted for approximately 95%, 93% and 94% of our Government Operations segment revenues, respectively. In the years ended December 31, 2024, 2023 and 2022, sales to large utility customers accounted for approximately 71%, 77% and 74% of our Commercial Operations segment revenues, respectively.Evaluation of segment performance:Our CODM is the Company's President and Chief Executive Officer. Our CODM measures the performance of each segment based on several metrics, including revenue and operating income and uses these results, in part, to evaluate the performance of and to allocate resources to each segment. Our CODM does not use assets by segment to evaluate segment performance or allocate resources. Consequently, we do not disclose assets by segment.

NOTE 16 – QUARTERLY FINANCIAL DATA (UNAUDITED)

The following tables set forth selected unaud