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BWX Technologies: Why U.S. Nuclear Manufacturing Expansion Could Become a Major Long-Term Catalyst!

BWX Technologies demonstrated solid financial and operational performance in the first quarter of 2026, driven by growth across its government and commercial segments. Total revenue increased by 26% year-over-year to $860 million, with 11% organic growth. Adjusted EBITDA rose 14% to $148 million, and adjusted earnings per share grew 22% to $1.12, all surpassing prior expectations. The company attributes this outperformance to improved throughput, favorable pacing of work, and strong operational execution. The backlog reached a record $8.7 billion, up 77% year-over-year and 19% sequentially, supported by robust bookings in government contracts and sustained commercial demand for nuclear power components and services across the U.S., Canada, and Europe. This backlog lends visibility into future growth, particularly in government nuclear propulsion programs, defense fuels enrichment, and emerging opportunities in microreactors and advanced nuclear fuels.