Rex Geveden on M&A
From $BWXT BWX Technologies Q1 2026 Earnings Conference Call · · EARNMOAR
“In April, we announced the acquisition of Precision Components Group, PCG, a US-based manufacturer of complex heat transfer components for the US naval and commercial nuclear markets. With two facilities in more than 400 highly skilled employees, PCG represents our first step toward building domestic US commercial nuclear manufacturing capacity.”
On , Rex Geveden, President, Chief Executive Officer & Director at BWX TECHNOLOGIES INC, spoke about M&A during $BWXT BWX Technologies Q1 2026 Earnings Conference Call on EARNMOAR.
About Rex Geveden
During a May 4, 2026 earnings call, Rex Geveden reported that BWX Technologies had "a great start to 2026 with very strong first quarter results," citing 26% revenue growth, 14% adjusted EBITDA growth, and 22% earnings per share growth. He noted the company ended the quarter with a backlog of $8.7 billion, up 77% year-over-year. Geveden also discussed the April acquisition of Precision Components Group, describing it as "our first step toward building domestic US commercial nuclear manufacturing capacity," and stated the company intends to expand further, likely with a greenfield plant at its Mount Vernon, Indiana site. On the call, Geveden said BWXT is "the only producer of TRISO at any scale at this point," producing hundreds of kilograms per year, and that the company is considering brownfield and greenfield opportunities to scale production, including a larger facility in Wyoming. He added that the company continues to build infrastructure to support the AUKUS partnership, noting "good funding support" for that effort. In a Washington Times op-ed referenced on the call, Geveden wrote that "BWXT is not betting on a horse. We are betting on the race," describing the company's participation across the nuclear value chain in defense and commercial markets.