Centrus Q1 2024 net loss $6.1M on revenue $43.7M; signs $900M contingent LEU commitments

CENTRUS ENERGY CORP

2024-Q1 EPS reported -$0.38 revenue$43,700,000

Net loss of $6.1M ($0.38 per share) vs net income of $7.2M in Q1 2023; revenue down 35% to $43.7M.
LEU segment revenue fell to $23.6M from $58.8M; Technical Solutions revenue rose to $20.1M from $8.1M.
Cumulative HALEU deliveries to DOE reached ~135 kg; bids submitted on two DOE RFPs to expand HALEU production.
Signed ~$900M in contingent LEU sales commitments (2028-2040), subject to funding to build new production capacity.
Prohibition on Russian uranium imports passed Congress; Centrus will apply for waivers to continue supply.

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 0.95

CENTRUS ENERGY CORP reported the three months ended March 31, 2024 results: revenue $43.7 million, net income $6.1 million, EPS $0.38 (basic and diluted) per common share.

Period: the three months ended March 31, 2024
Revenue: $43.7 million
Net income: $6.1 million
EPS: $0.38 (basic and diluted) per common share
Result: reported results

Exact text from the filing

Centrus Reports First Quarter 2024 Results • Net loss of $6.1 million on $43.7 million in revenue

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Source: SEC EDGAR

accession 0001065059-24-000027

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