Centrus Q2 net income $12.7M, revenue $98.4M; NRC authorizes HALEU production

CENTRUS ENERGY CORP

2023-Q2 EPS reported $1.30 revenue$165,300,000

Net income of $12.7M ($0.84 basic EPS) vs $37.4M in Q2 2022; revenue down 0.7% to $98.4M.
Received NRC authorization to produce HALEU; expects to complete Phase I by end of 2023.
Signed MoU with TerraPower to accelerate HALEU production; cash balance $212.5M.
LEU segment revenue up $2.1M to $87.6M; Technical Solutions down $2.8M to $10.8M.
Gross profit decreased to $28.0M from $60.9M due to contract mix and pricing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CENTRUS ENERGY CORP reported second quarter 2023 results: revenue $98.4 million, net income $12.7 million, EPS $0.84 (basic) and $0.83 (diluted).

Period: second quarter 2023
Revenue: $98.4 million
Net income: $12.7 million
EPS: $0.84 (basic) and $0.83 (diluted)
Result: reported results

Exact text from the filing

to complete Phase I HALEU production by the end of 2023 • Signed Memorandum of Understanding with TerraPower to accelerate HALEU production • Net income of $12.7 million on $98.4 million in revenue, compared to net income of $37.4 million on $99.1 million in revenue in Q2 2022 • Consolidated cash balance of $212.5 million as of June 30, 2023 BETHESDA, Md. -

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Source: SEC EDGAR

accession 0001065059-23-000041

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