secwatch.observer — SEC 8-K summary
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Issuer:     CENTRUS ENERGY CORP (LEU)
CIK:        0001065059
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001065059-25-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065059/000106505925000004/0001065059-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065059/000106505925000004/leu-20250206.htm
  HTML page:      https://secwatch.observer/filing/0001065059-25-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer