secwatch.observer — SEC 8-K summary
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Issuer:     CENTRUS ENERGY CORP (LEU)
CIK:        0001065059
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001065059-25-000056
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centrus Q2 net income $28.9M on revenue $154.5M, down 18% YoY; DOE exercises HALEU option
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- Net income $28.9M ($1.59 diluted EPS) vs $30.6M in Q2 2024; revenue $154.5M vs $189.0M, down 18%.
- LEU segment revenue $125.7M (-26% YoY) on lower uranium and SWU volumes; gross profit up 54% to $50.7M.
- Technical Solutions revenue $28.8M (+48% YoY) driven by HALEU contract; DOE exercised Option 1a valued ~$99.3M target cost.
- Backlog $3.6B (LEU $2.7B, Technical Solutions $0.9B); raised $114M net via ATM equity offering.
- Completed Phase 2 HALEU delivery of 900 kg to DOE; now producing under Option 1a through June 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065059/000106505925000056/0001065059-25-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065059/000106505925000056/leu-20250805.htm
  HTML page:      https://secwatch.observer/filing/0001065059-25-000056

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