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A BWX Technologies Reports Second Quarter 2021 Results and Continues Progress On Future Growth Milestones BWXT BWX Technologies , Inc. NEWS RELEASE ● ● Generates 2Q21 earnings of $ 0.62 per share on consolidated revenue of $ 505 million Reiterates 2021 guidance : non - GAAP earnings range of $ 3.05 to $ 3.20 per share Continues progress on Technetium - 99m commercialization Secures award for next phase of Nuclear Thermal Propulsion Program with NASA Sets date for Investor Day in New York City on November 16 , 2021 Lynchburg , VA - August 2 , 2021 - 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. Net income for the second quarter 2021 was $ 59.3 million , or $ 0.62 per diluted share , compared with GAAP net income of $ 64.3 million , or $ 0.67 per diluted share and non GAAP net income of $ 67.7 million , or $ 0.71 per diluted share , in the prior - year period . A reconciliation of non - GAAP results is detailed in Exhibit 1 . " 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 . " We are where we anticipated to be at the midpoint of 2021 and have line - of - sight on the remaining work to accomplish in the year , resulting in us reiterating financial guidance across the board . " " The Company's execution is exemplified by the strength we see across the core businesses including the Nuclear Operations Group's stability as it ramps up on the Columbia program , consistent deliveries of large nuclear power components to enable Canadian clean energy , and the strong proposals submitted at important DOE nuclear sites that we anticipate will lead to wins later this year . At BWXT's investor day in November , we are excited to share more insight into the strategy and trends across the core businesses while also highlighting emerging opportunities in nuclear medicine , advanced reactors and nuclear fuel that further support the Company's medium and long - term growth outlook . " said Geveden . Segment Results Nuclear Operations Group ( NOG ) segment revenue was $ 381 million for the second quarter 2021 , a 7 % decrease from the prior - year period , driven by higher production volume which was more than offset by lower long - lead material production . 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 % . Nuclear Power Group ( NPG ) segment revenue was $ 102 million for the second quarter 2021 , a 50 % increase from the prior - year period primarily due to higher volume of field services , higher fuel and fuel handling activity , and higher volume of medical isotope demand . NPG operating income was $ 10.8 million for the second quarter 2021 , a significant increase compared with the prior - year period on both a GAAP and non - GAAP basis , driven primarily from higher revenue in commercial nuclear power and