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Centrus Energy (LEU) - 2024 Q1 - Quarterly Results
2024-05-07 21:14
EXHIBIT 99.1 FOR IMMEDIATE RELEASE: May 7, 2024 Centrus Reports First Quarter 2024 Results • Net loss of $6.1 million on $43.7 million in revenue, compared to net income of $7.2 million on $66.9 million in revenue in Q1 2023 • Consolidated cash balance of $209.3 million as of March 31, 2024 • Continued enrichment operations in Piketon, Ohio, with total production of approximately 135 kilograms of High Assay Low-Enriched Uranium (“HALEU”) • Signed approximately $900 million in contingent sales commitments fo ...
Centrus Energy (LEU) to Report Q1 Earnings: What's in Store?
Zacks Investment Research· 2024-05-07 15:01
Centrus Energy (LEU) is expected to register year-over-year improvement in both its top and bottom lines in its upcoming first-quarter 2024 results.Q1 EstimatesThe Zacks Consensus Estimate for LEU’s first-quarter sales is pegged at $72.7 million, suggesting 8.7% growth from the prior-year quarter’s reported figure. The consensus mark for earnings is pegged at 50 cents per share, indicating a year-over-year rise of 6.4%. Earnings estimates have remained unchanged in the past 30 days.Q4 PerformanceIn the last ...
Centrus to Webcast Conference Call on May 8 at 8:30 a.m. ET
Prnewswire· 2024-04-24 10:30
BETHESDA, Md., April 24, 2024 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, May 8, 2024, at 8:30 a.m. ET. The Company will release its first quarter earnings report for 2024, which ended March 31, 2024, after the close of markets on Tuesday, May 7. The conference call will be open to listeners who log in through the Company's website, www.centrusenergy.com. A link to the cal ...
Centrus Energy: Secular Tailwinds And Regulatory Environment Make The Company Still Cheap
Seeking Alpha· 2024-04-22 06:53
Monty Rakusen Our coverage of Centrus (NYSE:LEU) dates back to 2021. It was indeed the very first article we published on Seeking Alpha, and before the stock went on a wild run with gains of more than 100%. Today, 3 years after that analysis, we find that the momentum behind the trends we were expecting is accelerating, and the stock is still cheap. We think there is an overall upside potential of around 35% to $58 per share. The double play: long-term HALEU projects paired with the spot LEU business Wh ...
Centrus Energy (LEU) - 2023 Q4 - Annual Report
2024-02-09 21:23
For the fiscal year ended December 31, 2023 Commission file number 1-14287 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 centruslogocolora15 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Centrus Energy Corp. Delaware 52-2107911 (State of incorporation) (IRS Employer Identification No.) 6901 Rockledge Drive, Suite 800, Bethesda, Maryland 20817 (301) 564-3200 Securities registered pursuant to Section 12(b) of the Act: | Title of each c ...
Centrus Energy (LEU) - 2023 Q4 - Earnings Call Transcript
2024-02-09 18:16
Min Cho - B. Riley Securities Robert Brown - Lake Street Capital Markets Joseph Reagor - ROTH MKM Partners Good morning. Thank you all for joining us. Today's call will cover the results for the fourth quarter and full year of 2023 and in December 31. Today, we have Amir Vexler, President and Chief Executive Officer, and Kevin Harrill, Chief Financial Officer. Amir Vexler We continue to add to our long-term order book in our LEU segment, which remains around $1 billion. And we ended the year with an unrestr ...
Centrus Energy (LEU) - 2023 Q3 - Quarterly Report
2023-11-08 22:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been sub ...
Centrus Energy (LEU) - 2023 Q3 - Earnings Call Transcript
2023-11-08 18:30
More broadly, this is yet another milestone in strengthening our financial position over the last several years. At the beginning of 2015, shortly before Dan took over as CEO, the company had $179.3 million in unfunded pension liability from our legacy business. As of September 30, 2023, we estimate that our 2023 unmeasured net pension obligation would be approximately $42.2 million. This would represent a reduction of more than 75%. The efforts of many different companies from component manufacturers and d ...
Centrus Energy (LEU) - 2023 Q2 - Quarterly Report
2023-08-04 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-14287 Centrus Energy Corp. Delaware 52-2107911 (State of incorporation) (I.R.S. Employer Identification No.) 6901 Rockledge Drive, Suite 800, Bethesda, Maryland 20817 (301) 564 ...
Centrus Energy (LEU) - 2023 Q2 - Earnings Call Transcript
2023-08-04 15:31
Joseph Reagor And I understand it's hard to predict the sort of government steps. But on the current contract you have Phase 2, where are you at in terms of capacity to fulfill that 900 kilograms per year. Can you do that with what you've got? Or do you need to add capacity there? Centrus Energy Corp. (NYSE:LEU) Q2 2023 Earnings Call Transcript August 4, 2023 8:30 AM ET Conference Call Participants Operator It is now my pleasure to introduce your host, Dan Leistikow, Vice President, Corporate Communications ...