Centrus FY2024 revenue rises 38% to $442M; net income $73.2M; backlog $3.7B; $402.5M convert notes

CENTRUS ENERGY CORP

2024-FY EPS reported $4.47 revenue$442,000,000

FY2024 revenue $442M (+38% YoY); net income $73.2M ($4.47 diluted EPS) vs $84.4M prior year.
LEU segment revenue $349.9M (+30%); Technical Solutions $92.1M (+80%) driven by HALEU Phase 2.
Issued $402.5M 2.25% convertible notes due 2030; net proceeds $388.7M for working capital and potential enrichment plant expansion.
Backlog $3.7B; LEU backlog $2.8B includes $2.0B contingent; Feb 4, 2025 signed $0.8B definitized contract with KHNP.
Selected for three DOE contracts (HALEU deconversion, HALEU production, LEU production) with aggregate max $6.9B; IRS granted $62.4M tax credit.

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