Lynchburg, Virginia

BWX Technologies Reports Second Quarter 2021 Results and Continues Progress On Future Growth Milestones

Retrieved on: 
Monday, August 2, 2021
Other Energy, Environment, Health, Energy, Medical devices, Aerospace, Nuclear, Manufacturing, BWX Technologies, Lynchburg, Virginia, Economy of the United States

BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported second quarter 2021 revenue of $505 million, about even compared with $505 million in the second quarter 2020.

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported second quarter 2021 revenue of $505 million, about even compared with $505 million in the second quarter 2020.
  • BWXT delivered on another solid quarter as we prepared for a strong second half of the year, said Rex D. Geveden, president and chief executive officer.
  • NOG operating income was $69.2 million in the second quarter 2021, a 20% decrease compared with the prior-year period driven by lower revenue and fewer favorable contract adjustments due to timing of certain milestones, resulting in second quarter 2021 segment operating margin of 18.1%.
  • The Company generated $59.9 million of cash from operating activities in the second quarter 2021, compared with $162 million in the second quarter 2020.

BWX Technologies to Announce Second Quarter 2021 Results on Monday, August 2

Retrieved on: 
Thursday, July 15, 2021
Nuclear, Energy, Environment, Lynchburg, Virginia, BWX Technologies, Companies, New York Stock Exchange, Economy of the United States

BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will issue a press release detailing second quarter 2021 results on Monday, August 2, 2021, after market close and will host a conference call at 5:00 p.m. EDT.

Key Points: 
  • BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will issue a press release detailing second quarter 2021 results on Monday, August 2, 2021, after market close and will host a conference call at 5:00 p.m. EDT.
  • Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors .
  • All participants should ask to be joined into the BWX Technologies (BWXT) call.
  • At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven.

GrantMatch Announces Headquarters Location in the City of Lynchburg

Retrieved on: 
Tuesday, July 13, 2021
National Register of Historic Places in Lynchburg, Virginia, Lynchburg, Virginia, Cities in Virginia, Lynchburg, Kemper Street station

Lynchburg, Virginia, July 13, 2021 (GLOBE NEWSWIRE) -- The City of Lynchburg Office of Economic Development & Tourism and GrantMatch announced today that the company will locate its new United States headquarters in Lynchburg, Virginia.

Key Points: 
  • Lynchburg, Virginia, July 13, 2021 (GLOBE NEWSWIRE) -- The City of Lynchburg Office of Economic Development & Tourism and GrantMatch announced today that the company will locate its new United States headquarters in Lynchburg, Virginia.
  • Lynchburg, VA, was a logical location to set up shop, says soon-to-be resident and GrantMatch President, Dieter Eisbrenner.
  • We are proud that GrantMatch has chosen the City of Lynchburg for their US corporate headquarters, said Reid Wodicka, interim City Manager.
  • From their new offices in Lynchburg, GrantMatch will expand its services to better serve corporate clients across North America.

InnovAge Opens New Care Center for Seniors in Roanoke Valley

Retrieved on: 
Wednesday, June 30, 2021
Regions of the United States, Geography of the United States, Southwest Virginia, Geography of Virginia, Roanoke, Virginia, Roanoke Valley, Lynchburg, Virginia, Roanoke, Salem, Virginia, Virginia

DENVER, June 30, 2021 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (the Company or InnovAge) (Nasdaq: INNV) today announced the opening of its new Program of All-inclusive Care for the Elderly (PACE) center in Virginia's Roanoke Valley.

Key Points: 
  • DENVER, June 30, 2021 (GLOBE NEWSWIRE) -- InnovAge Holding Corp. (the Company or InnovAge) (Nasdaq: INNV) today announced the opening of its new Program of All-inclusive Care for the Elderly (PACE) center in Virginia's Roanoke Valley.
  • The state-of-the-art center, located at 1606 Lynchburg Turnpike in Salem, will enable InnovAge to serve more seniors than the Companys previous facility in Roanoke.
  • InnovAge has been providing PACE services in the Roanoke Valley since 2017 and also operates centers in other Virginia communities in Charlottesville, Richmond and Newport News.
  • Our patient-centered care model meaningfully improves the quality of care our participants receive, while reducing over-utilization of high-cost care settings.

TTM Technologies, Inc. Announces Retirement of Board Member and Appointment of a New Chairman

Retrieved on: 
Wednesday, May 12, 2021
Companies, Business, Economy of the United States, Lynchburg, Virginia, BWX Technologies, Teledyne Technologies, Time to market, Rex, TTM, Rex Geveden

Mr. Geveden has served as a Director on TTM\xe2\x80\x99s board since 2018 and currently is the president and chief executive officer of BWX Technologies, Inc. (NYSE: BWXT), a $2.1 billion nuclear industrial conglomerate headquartered in Lynchburg, VA.

Key Points: 
  • Mr. Geveden has served as a Director on TTM\xe2\x80\x99s board since 2018 and currently is the president and chief executive officer of BWX Technologies, Inc. (NYSE: BWXT), a $2.1 billion nuclear industrial conglomerate headquartered in Lynchburg, VA.
  • Previously, Mr. Geveden was executive vice president at Teledyne Technologies Incorporated, a provider of electronic subsystems and instrumentation for aerospace, defense and other uses.
  • \xe2\x80\x9cWe are also pleased to have Rex take the helm as our next Chairman.
  • TTM stands for time-to-market, representing how TTM's time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market.

BWXT Medical Enters into a New Long-Term Agreement with Boston Scientific for the Manufacture of TheraSphere™ Y-90 Glass Microspheres

Retrieved on: 
Monday, May 10, 2021
Biotechnology, Medical devices, Health, Radiology, Oncology, BWX Technologies, Lynchburg, Virginia, Economy of the United States

If one or more of these or other risks materialize, actual results may vary materially from those expressed.

Key Points: 
  • If one or more of these or other risks materialize, actual results may vary materially from those expressed.
  • Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration.
  • With approximately 6,700 employees, BWXT has 12 major operating sites in the U.S. and Canada.
  • In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.

BWX Technologies Reports First Quarter 2021 Results and Commences New Multi-Year Guidance Framework

Retrieved on: 
Monday, May 3, 2021
Engineering, Environment, Aerospace, Manufacturing, Alternative energy, Energy, Nuclear, Companies, BWX Technologies, Lynchburg, Virginia, GAAP, BlackBerry Limited

b'BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported first quarter 2021 revenue of $528 million, a 2.6% decrease compared with $542 million in the first quarter 2020.

Key Points: 
  • b'BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported first quarter 2021 revenue of $528 million, a 2.6% decrease compared with $542 million in the first quarter 2020.
  • NPG operating income was $10.3 million for the first quarter 2021, a 22% and 20% respective GAAP and non-GAAP increase from the prior-year period driven primarily from higher volume.
  • If one or more of these risks or other risks materialize, actual results may vary materially from those expressed.
  • In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.

BWXT Expands Technical Fellows Program

Retrieved on: 
Tuesday, April 27, 2021
Defense, Other Manufacturing, Contracts, Energy, Engineering, Aerospace, Nuclear, Manufacturing, Articles, Education, Human activities, BWX Technologies, Lynchburg, Virginia, Rex Geveden, Mentorship, Fellow

b'BWX Technologies, Inc. (NYSE: BWXT) has expanded its existing technical fellows initiative by selecting 25 additional employees for the program in recognition of their scientific and engineering accomplishments at the company.\nIndividuals selected as fellows are recognized as senior technical experts and leaders who are in a position to offer ongoing technical advice to other staff and review new products and technology development.

Key Points: 
  • b'BWX Technologies, Inc. (NYSE: BWXT) has expanded its existing technical fellows initiative by selecting 25 additional employees for the program in recognition of their scientific and engineering accomplishments at the company.\nIndividuals selected as fellows are recognized as senior technical experts and leaders who are in a position to offer ongoing technical advice to other staff and review new products and technology development.
  • In addition, fellows serve as mentors for future technical leaders for the company.
  • Through these two areas of contribution, BWXT can leverage the technical expertise of this broad technical group to reinforce its commitment to excellence within its workforce while also improving diversity and inclusion within our technical leadership.\n\xe2\x80\x9cThere is great power in honoring our top technical employees,\xe2\x80\x9d said Rex Geveden, BWXT\xe2\x80\x99s president and chief executive officer.
  • We congratulate these men and women for their achievements, and we look forward to their future contributions in mentoring, intellectual property and business operations.\xe2\x80\x9d\nBWXT\xe2\x80\x99s technical fellows program has extensive representation across all of the company\xe2\x80\x99s business segments in the United States and Canada.

BWXT Announces $2.2 Billion in Contracts for Naval Nuclear Reactor Components and Fuel

Retrieved on: 
Tuesday, April 20, 2021
Defense, Other Manufacturing, Contracts, Energy, Engineering, Aerospace, Nuclear, Manufacturing, Energy technology, Energy, BWX Technologies, Lynchburg, Virginia, Energy conversion, Nuclear reactor, Nuclear marine propulsion, Nuclear propulsion, Articles

Naval Nuclear Propulsion Program contracts totaling approximately $2.2 billion, including future-year options, for the manufacture of naval nuclear reactor components and fuel.\n\xe2\x80\x9cToday\xe2\x80\x99s announcement marks a continuation of a more-than 65-year-old trusted relationship with the U.S. government to provide the reactors that power our nation\xe2\x80\x99s nuclear navy,\xe2\x80\x9d said BWXT Nuclear Operations Group, Inc. President Joel W. Duling.

Key Points: 
  • Naval Nuclear Propulsion Program contracts totaling approximately $2.2 billion, including future-year options, for the manufacture of naval nuclear reactor components and fuel.\n\xe2\x80\x9cToday\xe2\x80\x99s announcement marks a continuation of a more-than 65-year-old trusted relationship with the U.S. government to provide the reactors that power our nation\xe2\x80\x99s nuclear navy,\xe2\x80\x9d said BWXT Nuclear Operations Group, Inc. President Joel W. Duling.
  • \xe2\x80\x9cWe are proud to continue manufacturing essential components for this generation of sailors.\xe2\x80\x9d\nThe initial contracts were awarded in the first quarter of 2021 and will constitute approximately half of the $2.2 billion.
  • Naval Nuclear Propulsion Program, as well as development work for future Naval Reactors programs \xe2\x80\x93 will be performed by Nuclear Fuel Services, Inc. in Erwin, Tennessee.\n\xe2\x80\x9cColumbia is critical to our nation\xe2\x80\x99s strategic defense requirements,\xe2\x80\x9d BWXT Government Operations President Dr.
  • Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration.

BWX Technologies to Webcast Discussion of its First Quarter 2021 Results on Tuesday, May 4

Retrieved on: 
Thursday, April 15, 2021
Nuclear, Alternative energy, Energy, Other Energy, BWX Technologies, Lynchburg, Virginia, New York Stock Exchange, Companies, Economy of the United States

b'BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will webcast a discussion of its first quarter 2021 results on Tuesday, May 4, 2021, at 9:00 a.m. EDT.

Key Points: 
  • b'BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will webcast a discussion of its first quarter 2021 results on Tuesday, May 4, 2021, at 9:00 a.m. EDT.
  • The company will issue a press release detailing the results after market close on Monday, May 3.\nListen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors .
  • All participants should ask to be joined into the BWX Technologies (BWXT) call.
  • A replay of the call will remain available on the BWXT website for a limited time.\nAt BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven.