Latest news with #BWXT
Yahoo
29-05-2025
- Business
- Yahoo
William Blair Initiates Coverage of BWX Technologies (BWXT) With Outperform Rating
On May 28, William Blair initiated coverage on BWX Technologies, Inc. (NYSE:BWXT)'s stock with an "Outperform" rating and no price target. The firm highlighted the company's strong position in the broader commercial nuclear supply chain, primarily lauding its significant role with Canada's CANDU reactor fleet. Furthermore, the firm acknowledged BWX Technologies, Inc. (NYSE:BWXT)'s reputation as the exclusive supplier of nuclear reactors to the US Navy. An aerial view of a nuclear plant, its domes casting a unique shadow. William Blair emphasized the potential for BWX Technologies, Inc. (NYSE:BWXT) to leverage expertise and financial resources in a bid to expand into the commercial nuclear power sector, which includes projects related to CANDU and small modular reactors. The firm's favourable outlook stems from the expectation that BWX Technologies, Inc. (NYSE:BWXT) is expected to benefit from a nuclear renaissance. In Q1 2025, the company witnessed strong Commercial backlog growth and expects significant opportunities in its government markets, evidenced by the recent purchase of land to support the National Nuclear Security Administration's domestic uranium enrichment program. BWX Technologies, Inc. (NYSE:BWXT) completed its acquisition of Kinectrics, Inc. Kinectrics provides nuclear power plant lifecycle support services, including for CANDU reactors, and lifecycle management services to the global nuclear power industry, transmission and distribution markets. BWX Technologies, Inc. (NYSE:BWXT) manufactures and sells nuclear components. While we acknowledge the potential of BWXT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BWXT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
BWX Technologies, Inc. (BWXT) Completes $525M Acquisition of Kinectrics
BWX Technologies, Inc. (NYSE:BWXT) announced on Wednesday that it had completed the acquisition of Kinectrics, a leading service provider to the global nuclear market, in a move that is set to boost its nuclear and isotope capabilities. Kinetrics offers a wide range of nuclear power plant lifecycle support services, including expertise in CANDU reactors and solutions for the global nuclear power industry, distribution and transmission markets, and the production of isotopes for the radiopharmaceutical industry. An aerial view of a nuclear plant, its domes casting a unique shadow. Following the acquisition, Kinectrics will operate as a subsidiary of BWX Technologies, Inc. (NYSE:BWXT), which will nearly double the company's Commercial Operations group workforce and expand its portfolio of offerings for new and existing customers. The combining of both companies' strengths is also expected to enhance BWX Technologies, Inc. (NYSE:BWXT)'s overall capabilities across the board. John MacQuarrie, the President of Commercial Operations at BWXT, shared the following remarks on the strategic integration: '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.' BWXT has surged by over 21% in the past 12 months. While we acknowledge the potential of BWXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BWXT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
BWXT Closes Acquisition of Kinectrics
LYNCHBURG, Va., May 21, 2025--(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 the workforce of BWXT's Commercial Operations group and enables an expanded portfolio of products and services for current and new customers. Kinectrics will operate as a BWXT subsidiary, and its financial results will be reported within BWXT's Commercial Operations segment. David Harris, president & CEO of Kinectrics, will lead the organization reporting to MacQuarrie. Forward-Looking Statements BWXT cautions that this release contains forward-looking statements, including, without limitation, statements relating to management's plans and expectations for the acquisition of Kinectrics, our ability to realize the anticipated benefits of the acquisition, future revenues and demand for Kinectrics' business, and Kinectrics' continuing operations. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties, including, among other things, competition in the market for the products and services sold by Kinectrics. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT's annual report on Form 10-K for the year ended December 31, 2024, and subsequent reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. About BWXT At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With nearly 10,000 employees, BWXT and its affiliated companies have 20 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. For more information, visit Follow us on LinkedIn, X, Facebook and Instagram. View source version on Contacts Media Contact John DobkenSenior Manager, Media & Public Relations202.428.6913 jcdobken@ Investor Contact Chase JacobsonVice President, Investor Relations980.365.4300 investors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
BWXT Closes Acquisition of Kinectrics
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 the workforce of BWXT's Commercial Operations group and enables an expanded portfolio of products and services for current and new customers. Kinectrics will operate as a BWXT subsidiary, and its financial results will be reported within BWXT's Commercial Operations segment. David Harris, president & CEO of Kinectrics, will lead the organization reporting to MacQuarrie. Forward-Looking Statements BWXT cautions that this release contains forward-looking statements, including, without limitation, statements relating to management's plans and expectations for the acquisition of Kinectrics, our ability to realize the anticipated benefits of the acquisition, future revenues and demand for Kinectrics' business, and Kinectrics' continuing operations. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties, including, among other things, competition in the market for the products and services sold by Kinectrics. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT's annual report on Form 10-K for the year ended December 31, 2024, and subsequent reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. About BWXT At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With nearly 10,000 employees, BWXT and its affiliated companies have 20 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. For more information, visit Follow us on LinkedIn, X, Facebook and Instagram.
Yahoo
12-05-2025
- Business
- Yahoo
BWXT Announces Chief Financial Officer Transition
LYNCHBURG, Va., May 12, 2025--(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 understanding and extensive corporate experience will ensure a smooth transition, and will support BWXT's growth strategy and focus on operational excellence." Mr. LeMasters joined BWXT first on the board of directors from 2015 to 2020, and then in 2020 as senior vice president and chief strategy officer, transitioning to chief financial officer in 2021, and executive vice president in 2024. "During Robb LeMasters's tenure, BWXT has delivered impressive growth and significant returns to shareholders against a backdrop of financial discipline and strategic capital allocation," said Mr. Geveden. "His strategic insights and dedication to the company made him a trusted personal advisor and key member of my leadership team. I am deeply grateful for his contributions to BWXT and wish him well in his next chapter. We are pleased that he will continue to serve the company as a special advisor during this transition." "I feel privileged to have spent the past decade alongside BWXT, since the spin-off of Babcock & Wilcox Enterprises in 2015. It has been the professional experience of my lifetime – from supporting a newly traded public company to realizing consistent and sustained growth quarter over quarter under Rex's leadership," said Mr. LeMasters. "I have every confidence that the Company will continue to enjoy outstanding financial success under the stewardship of this strong finance team going forward." Forward-Looking Statements BWXT cautions that this release contains forward-looking statements, including, without limitation statements relating to performance and expectations. These forward-looking statements involve a number of risks and uncertainties, including, among other things, the timing of technology development; our ability to obtain the necessary regulatory approvals, licenses and permits in a timely manner; the ability to commercialize this technology; competition in an environment of rapid technological changes; and the enforcement and protection of our intellectual property rights. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT's annual report on Form 10-K for the year ended December 31, 2024, and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. About BWXT At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With approximately 8,700 employees, BWXT has 15 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at a dozen U.S. Department of Energy and NASA facilities. For more information, visit Follow us on LinkedIn, X, Facebook and Instagram. View source version on Contacts Media Contact John DobkenSenior Manager, Media & Public Relations202.428.6913 jcdobken@ Investor Contact Chase JacobsonVice President, Investor Relations980.365.4300 investors@ Sign in to access your portfolio
