secwatch.observer — SEC 8-K summary
======================================

Issuer:     CENTRUS ENERGY CORP (LEU)
CIK:        0001065059
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001628280-26-030674
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Centrus Q1 rev up 5% to $76.7M, net income down 63%; raises FY rev guidance to $450-500M
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065059/000162828026030674/0001628280-26-030674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065059/000162828026030674/leu-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-030674

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