Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 38

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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(In thousands)(In thousands)REVENUES:Government Operations:Nuclear Components and Fuel$490,346 $439,425 $1,359,978 $1,235,703 Uranium Processing and Nuclear Services97,952 65,138 $302,807 $198,766 Advanced Reactor Design and Engineering28,399 55,510 $98,158 $153,571 $616,697 $560,073 $1,760,943 $1,588,040 Commercial Operations:Nuclear Manufacturing$103,426 $63,912 $294,411 $195,441 Nuclear Services and Engineering147,545 49,200 $261,009 $176,200 $250,971 $113,112 $555,420 $371,641 Eliminations(1,382)(1,229)(3,780)(2,294)$866,286 $671,956 $2,312,583 $1,957,387 Information about our Consolidated Operations in Different Geographic Areas:September 30,2025December 31,2024(In thousands)NET PROPERTY, PLANT AND EQUIPMENT:United States$847,840 $813,352 Canada676,646 462,593 All Other Countries11,865 2,216 $1,536,351 $1,278,161 See Note 3 for revenues by geographic area for each of our segments.

Information about our Major Customers:In the three months ended September 30, 2025 and 2024, sales to the U.S. Government accounted for approximately 91% and 92% of our Government Operations segment revenues, respectively. In the nine months ended September 30, 2025 and 2024, sales to the U.S. Government accounted for approximately 90% and 93% of our Government Operations segment revenues, respectively. In the three months ended September 30, 2025 and 2024, sales to large utility customers accounted for approximately 45% and 75% of our Commercial Operations segment revenues, respectively. In the nine months ended September 30, 2025 and 2024, sales to large utility customers accounted for approximately 56% and 75% of our Commercial Operations segment revenues, respectively.Evaluation of segment performance:Our Chief Operating Decision Maker ("CODM") measures the performance of