Company: BWXT
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001486957-25-000052
Chunk: 34

Company: BWX Technologies, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 Information about our Product and Service Lines: Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024 (In thousands)(In thousands)REVENUES:Government Operations:Nuclear Components and Fuel$428,552 $422,023 $869,631 $796,278 Uranium Processing and Nuclear Services121,690 67,215 $204,855 $133,628 Advanced Reactor Design and Engineering38,717 51,608 $69,760 $98,061 $588,959 $540,846 $1,144,246 $1,027,967 Commercial Operations:Nuclear Manufacturing$104,775 $70,591 $190,985 $131,529 Nuclear Services and Engineering71,364 70,900 $113,464 $127,000 $176,139 $141,491 $304,449 $258,529 Eliminations(1,059)(872)(2,398)(1,065)$764,039 $681,465 $1,446,297 $1,285,431 Information about our Consolidated Operations in Different Geographic Areas:June 30,2025December 31,2024(In thousands)NET PROPERTY, PLANT AND EQUIPMENT:United States$835,486 $813,352 Canada690,443 462,593 All Other Countries11,842 2,216 $1,537,771 $1,278,161 See Note 3 for revenues by geographic area for each of our segments.

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Information about our Major Customers:In the three months ended June 30, 2025 and 2024, sales to the U.S. Government accounted for approximately 86% and 93% of our Government Operations segment revenues, respectively. In the six months ended June 30, 2025 and 2024, sales to the U.S. Government accounted for approximately 89% and 93% of our Government Operations segment revenues, respectively. In the three months ended June 30, 2025 and 2024, sales to large utility customers accounted for approximately 60% and 75% of our Commercial Operations segment revenues, respectively. In the six months ended June 30, 2025 and 2024, sales to large utility customers accounted for approximately 66