Centrus posts Q3 net income of $8.2M vs loss year ago; begins HALEU production

CENTRUS ENERGY CORP

2023-Q3 EPS reported $1.82 revenue$216,600,000

Net income $8.2M ($0.53 basic EPS) on revenue $51.3M vs net loss $6.1M on $33.2M revenue in Q3 2022.
LEU segment revenue $40.5M (+$20.3M YoY) on higher SWU volume and price; Technical Solutions $10.8M (-$2.2M).
Began HALEU enrichment operations Oct 11; completed Phase 1 of DOE contract Nov 6, producing 20 kg HALEU UF6.
Annuitized $186.5M pension obligations for 1,400 beneficiaries; expects ~$15.1M settlement income in Q4.
Signed MOUs with TerraPower and Oklo to support additional HALEU production capacity in Piketon, Ohio.

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 three months ended September 30, 2023 results: revenue $51.3 million, net income $8.2 million, EPS $0.53 (basic) and $0.52 (diluted).

Period: the three months ended September 30, 2023
Revenue: $51.3 million
Net income: $8.2 million
EPS: $0.53 (basic) and $0.52 (diluted)
Result: reported results

Exact text from the filing

• Annuitized $186.5 million of pension plan obligations for 1,400 beneficiaries, de-risking balance sheet and improving the capital structure • Net income of $8.2 million on $51.3 million in revenue, compared to net loss of $6.1 million on $33.2 million in revenue in Q3 2022 • Consolidated cash balance of $183.3 million as of September 30, 2023 BETHESDA, Md. -

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

CENTRUS ENERGY CORP filing history →

Source: SEC EDGAR

accession 0001065059-23-000069

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.