earnings
confidence high
sentiment positive
materiality 0.75
Centrus Q1 rev up 5% to $76.7M, net income down 63%; raises FY rev guidance to $450-500M
CENTRUS ENERGY CORP
2026-Q1 EPS reported
$0.45
revenue$76,700,000
- GAAP net income $10.0M ($0.45 diluted EPS); adjusted net income $23.5M ($1.05 adjusted diluted EPS).
- LEU segment rev $44.6M (-13% YoY) on 47% lower volume but 52% higher price; Tech Solutions rev $32.1M (+47%) on HALEU contract.
- Backlog $3.9B, with $3.1B LEU backlog including $2.4B contingent commitments tied to Piketon expansion.
- Launched Oak Ridge centrifuge mfg expansion; partnerships with Fluor, Palantir identified ~$300M potential cost savings; exploring JV with Oklo for HALEU deconversion.
- FY 2026 rev guidance raised to $450-500M (from $425-475M); capital deployment $350-500M; at least 100 net new hires at both Oak Ridge and Piketon.
item 2.02item 9.01