Centrus Q1 net income $7.2M vs loss; HALEU cascade construction complete

CENTRUS ENERGY CORP

2023-Q1 EPS reported $0.47 revenue$66,900,000

Net income of $7.2M ($0.49 basic EPS) vs net loss of $0.4M in Q1 2022; revenue rose to $66.9M from $35.3M.
Gross profit climbed to $23.0M from $6.3M; cash balance stood at $188.8M as of March 31, 2023.
LEU segment revenue $58.8M (up $41.1M) driven by higher SWU volume and price; Technical Solutions revenue $8.1M.
Completed construction and initial testing of HALEU centrifuge cascade in Piketon, OH; aiming to begin production by end of 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTRUS ENERGY CORP reported the quarter ended March 31, 2023 results: revenue $66.9 million, net income net income of $7.2 million, EPS $0.49 (basic) and $0.47 (diluted).

Period: the quarter ended March 31, 2023
Revenue: $66.9 million
Net income: net income of $7.2 million
EPS: $0.49 (basic) and $0.47 (diluted)
Result: reported results

Exact text from the filing

Centrus Reports First Quarter 2023 Results • Net income of $7.2 million on $66.9 million in revenue

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Source: SEC EDGAR

accession 0001065059-23-000013

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