EXHIBIT 99.1 FOR IMMEDIATE RELEASE: August 6, 2024 Centrus Reports Second Quarter 2024 Results • Net income of $30.6 million on $189.0 million in revenue, compared to net income of $12.7 million on $98.4 million in revenue in Q2 2023 • Consolidated cash balance of $227.0 million as of June 30, 2024 • Annuitized $234 million of pension plan obligations for more than 1,000 beneficiaries, resulting in a $16.6 million settlement gain • Secured a U.S. Department of Energy ("DOE") waiver under the Prohibiting Rus ...

Financial Performance - The company reported a net income of $30.6 million for Q2 2024, compared to $12.7 million in Q2 2023, reflecting a significant increase in profitability [1][22] - Total revenue for Q2 2024 was $189.0 million, up from $98.4 million in Q2 2023, marking an increase of $90.6 million [3][21] - Gross profit for the company increased to $36.5 million in Q2 2024 from $28.0 million in Q2 2023, driven by higher sales volume and favorable contract pricing [8][21] Segment Performance - Revenue from the LEU segment was $169.6 million in Q2 2024, up from $87.6 million in Q2 2023, an increase of $82.0 million [4] - The Technical Solutions segment generated $19.4 million in revenue for Q2 2024, compared to $10.8 million in Q2 2023, reflecting an increase of $8.6 million [5] Cost Structure - Cost of sales for the LEU segment rose to $136.6 million in Q2 2024 from $60.8 million in Q2 2023, primarily due to increased sales volume and higher average unit costs [6] - The Technical Solutions segment's cost of sales increased to $15.9 million in Q2 2024 from $9.6 million in Q2 2023, attributed to the transition from Phase 1 to Phase 2 of the HALEU Operation Contract [7] Operational Developments - The company secured a waiver from the U.S. Department of Energy under the Prohibiting Russian Imports Act, allowing it to cover U.S. customer deliveries under a Russian supply contract for 2024 and 2025 [1][12] - Centrus began enrichment operations at its American Centrifuge Plant in October 2023 and completed Phase 1 of the HALEU Operation Contract ahead of schedule [9] Backlog and Future Opportunities - The company's backlog stood at $2.7 billion as of June 30, 2024, with the LEU segment backlog approximately $1.7 billion and the Technical Solutions segment backlog around $1.0 billion [15] - The U.S. Department of Energy has issued RFPs for domestic nuclear fuel production, with over $3.4 billion in appropriations, presenting a significant opportunity for the company [2][11] Pension and Financial Position - The company annuitized $234 million of pension plan obligations, resulting in a $16.6 million settlement gain and a 79% reduction in pension liabilities [13][14] - As of June 30, 2024, the consolidated cash balance was $227.0 million, reflecting a strong liquidity position [1][26]

BETHESDA, Md., July 29, 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, August 7, 2024, at 8:30 a.m. ET. The Company will release its second quarter earnings report for 2024, which ended June 30, 2024, after the close of markets on Tuesday, August 6. Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to ...

About Centrus Energy Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. With world-class technical and engineering capabil ...

If you are a shareholder, click here to participate. LOS ANGELES, June 20, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Centrus Energy Corp. ("Centrus" or "the Company") (NYSE American: LEU) for potential breaches of fiduciary duty on the part of its directors and management. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 9 ...

Core Insights - Centrus Energy Corp. will participate in the J.P. Morgan 2024 Energy, Power & Renewables Conference on June 18, 2024, with a fireside chat scheduled at 2:20 PM ET [1] - The company is a key supplier of nuclear fuel and services, emphasizing its role in providing clean, affordable, carbon-free electricity [3] Company Participation - Amir Vexler, President and CEO, and Kevin Harrill, CFO, will represent Centrus at the conference [1] - One-on-one investor meetings will also be hosted on the same day [1][2] Company Overview - Centrus Energy has supplied over 1,750 reactor years of fuel since 1998, equivalent to 7 billion tons of coal [3] - The company is advancing next-generation centrifuge technologies to restore domestic uranium enrichment capabilities in the U.S. [3]

Company Overview - Centrus Energy Corp. is a trusted supplier of nuclear fuel and services for the nuclear power industry, providing value through reliable and diverse supply sources [3] - The company has supplied more than 1,750 reactor years of fuel since 1998, equivalent to 7 billion tons of coal [3] - Centrus is advancing next-generation centrifuge technologies to restore domestic uranium enrichment capability in the future [3] Upcoming Events - Centrus Energy's President and CEO Amir Vexler, along with CFO Kevin Harrill, will participate in the 24th B.Riley Securities Institutional Investor Conference on May 22, 2024 [1] - The company will engage in a fireside chat at 2:30 PM PT and host one-on-one investor meetings on the same day [1]

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 March 31, 2024 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) 56 ...

Financial Data and Key Metrics Changes - In Q1 2024, Centrus Energy reported total revenue of $43.7 million, gross profit of $4.3 million, and a net loss of $6.1 million [8][10] - The LEU business generated $23.6 million in revenue, a decrease of $35.2 million compared to Q1 2023, reflecting decreases in both the volume and average price of SWU sold [28] - Consolidated gross profit decreased from $23 million in Q1 2023 to $4.3 million in Q1 2024 [29] Business Line Data and Key Metrics Changes - The LEU segment's cost of sales decreased from $34.9 million in Q1 2023 to $23.1 million in Q1 2024, resulting in a gross profit of $0.5 million compared to $23.9 million in the same quarter last year [28][29] - Technical Solutions generated revenue of $20.1 million with cost of sales of $16.3 million, compared to revenue of $8.1 million and cost of sales of $9.0 million in Q1 2023 [30] Market Data and Key Metrics Changes - The enrichment market in the U.S. is valued at approximately $2.4 billion annually, while the international accessible market is about $1.9 billion per year [17] - The company is uniquely positioned to meet U.S. national security needs due to its U.S. origin enrichment technology [17] Company Strategy and Development Direction - Centrus aims to restore American uranium enrichment capacity and is the only American-owned technology enricher [15] - The company is pursuing public-private partnerships to scale up production of HALEU and LEU, requiring significant federal investment alongside private capital [18] - Centrus submitted proposals to the Department of Energy for up to $3.5 billion in long-term awards to stimulate HALEU production [19][20] Management's Comments on Operating Environment and Future Outlook - The management highlighted the dramatic changes in the nuclear fuel market due to geopolitical factors and the need for a reliable supply chain for nuclear fuel [32][34] - The company expects supply chain issues with HALEU storage cylinders to be resolved by fall 2024 [54] Other Important Information - Centrus ended the quarter with a cash balance of $209.3 million and an additional $32.6 million in restricted cash, totaling $241.9 million [36] - The company has secured approximately $900 million in conditional sales commitments to support LEU production, contingent upon public-private investment [23] Q&A Session Summary Question: More details on the $900 million LEU contingent commitments - Management explained that these commitments are for production at their Piketon facility and indicate strong market demand for a new competitor in the LEU market [43][45] Question: How does the $2.7 billion HALEU incentive play out with the Russian import ban? - Management confirmed that the ban unlocks significant funding for the industry, positioning Centrus well for competition [46][47] Question: Insights into the waiver process for the uranium import ban - Management stated that they are preparing to apply for waivers and believe the case for waivers is strong and in the national interest [50][52] Question: Current status of HALEU cylinder supply from DOE - Management anticipates that cylinder supply issues will be resolved by fall 2024 [54] Question: Impact of UK government funding for a HALEU facility on Centrus - Management noted that Centrus is ahead in HALEU production and views the UK investment as a positive signal for the market [62] Question: LEU production capacity if fully built out - Management estimated that the facility could produce approximately 3.5 million SWU annually [66]

Centrus Energy Corp. (LEU) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of $0.50. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -176%. A quarter ago, it was expected that this company would post earnings of $0.78 per share when it actually produced earnings of $3.58, delivering a surprise of 358.97%.Over the last four quarters, the company has surpas ...