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BWXT Closes Out 2020 With Increase in Quarterly, Annual Revenue

Dan Leone By
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BWXT Closes Out 2020 With Increase in Quarterly, Annual Revenue

BWX Technologies [BWXT], the Lynchburg, Va.-based nuclear contractor for the Department of Energy and the Pentagon, on Monday posted a record $557 million in revenue for the fourth quarter of 2020, up 11% from the $501 million in the 2019 period. In addition, BWXT’s net income for the fourth quarter was $65.7 million, or $0.69 per diluted share, up from $61.4 million, or $0.64 per diluted share for the same period in 2019. For the year, BWXT took in $2.1…

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