NANO Nuclear Energy (NasdaqCM:NNE) Q1 2026 Earnings call February 17, 2026 05:00 PM ET Company ParticipantsJaisun Garcha - CFOJames Walker - CEOJay Yu - Chairman and PresidentMatthew Barry - VP of Investor RelationsConference Call ParticipantsJeff Grant - AnalystNate Pendleton - AnalystSameer Joshi - AnalystSherif Elmaghraby - AnalystSubash Chandra - AnalystOperatorGreetings, and welcome to the NANO Nuclear First Quarter 2026 Financial Results and Business Update call. At this time, all participants are on ...

NANO Nuclear Energy (NasdaqCM:NNE) Q1 2026 Earnings call February 17, 2026 05:00 PM ET Company ParticipantsJaisun Garcha - CFOJames Walker - CEOJay Yu - Chairman and PresidentMatthew Barry - VP of Investor RelationsConference Call ParticipantsJeff Grant - AnalystNate Pendleton - AnalystSameer Joshi - AnalystSherif Elmaghraby - AnalystSubash Chandra - AnalystOperatorGreetings, and welcome to the Nano Nuclear Q1 2026 Financial Results and Business Update call. At this time, all participants are on a listen-on ...

NANO Nuclear Energy (NasdaqCM:NNE) Q1 2026 Earnings call February 17, 2026 05:00 PM ET Speaker6Greetings, and welcome to the NANO Nuclear First Quarter 2026 Financial Results and Business Update call. At this time, all participants are on a listen-only mode. Question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your hos ...

NANO Nuclear Q1 2026 Financial Results & Business Update Call February 17 t h 2026 © 2026 NANO Nuclear Energy, Inc. All rights reserved. Cautionary Note Regarding Forward -Looking Statements This presentation and statements of NANO Nuclear's management in connection with this presentation contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-l ...

This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Dive Brief: Specialty chemicals manufacturer Solstice Advanced Materials is expanding uranium hexafluoride production at its facility in Metropolis, Illinois, this year, per a Feb. 11 press release. The capacity increase is projected to produce more than 10 kilotonnes of the radioactive substance used to manufacture fuel for nuclear power plants. Sols ...

February 10, 2026 Fourth Quarter & Full Year 2025 Earnings Presentation Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "anticipate", "believe", "continue", "could", "estimate", "expect", "hope", "intend", "may", "might", "plan", "possible", "potential", "predict", "project", "should", "strive", "seeks", "plans", "would", "will", "understand" and similar words are i ...

Financial Data and Key Metrics Changes - Revenue for the quarter was $3.2 billion, reflecting normalized growth of 3% year-over-year [7][20] - Adjusted EBITDA was $263 million, with margins of 8.1%, a 40 basis points increase year-over-year [20] - Adjusted diluted earnings per share increased by 6% to $0.54 [7][20] Business Line Data and Key Metrics Changes - Digital Solutions revenue was $1.34 billion, representing 4% growth, and adjusted EBITDA increased to $103 million with margins of 7.7% [20] - Global Engineering Solutions revenue was $1.9 billion, with adjusted EBITDA of $160 million and margins of 8.4%, reflecting an 80 basis points year-over-year increase [20] Market Data and Key Metrics Changes - The company reported $3.3 billion in net bookings, resulting in a book-to-bill ratio of 1x for the quarter and 1.1x for the last 12 months [8] - The backlog grew by 4% to over $47 billion, with $23 billion in proposals awaiting award [8] Company Strategy and Development Direction - The company is focused on three accelerating growth markets: space systems and technologies, critical digital infrastructure, and global nuclear energy, which are expected to drive long-term growth [12][14] - Amentum aims to prioritize higher-margin work and has seen significant contract wins in the nuclear energy sector, including a $730 million contract with EDF Energy [10][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal year 2026 outlook and long-term strategic growth objectives despite challenges from the government shutdown [5][16] - The company anticipates strong free cash flow in the second quarter and remains confident in meeting full-year guidance [22][24] Other Important Information - The company has a healthy liquidity position with $247 million in cash and an undrawn $850 million revolver [22] - A recent credit rating upgrade from Moody's is expected to reduce interest expenses and enhance financial flexibility [23] Q&A Session Summary Question: Free cash flow progression through the year - Management noted that Q1 cash performance was impacted by timing-related issues, including an additional pay cycle and government holiday closures, but expects strong free cash flow in the second quarter [28][29] Question: Award outlook by end market - Management highlighted an uptick in funded backlog and expressed confidence in achieving a full-year book-to-bill greater than one, with significant awards expected from accelerating growth markets [32][34] Question: Nuclear business contribution to revenue and profit growth - Management indicated that while nuclear represents a smaller portion of overall revenue, recent contract awards are expected to positively impact margins over time [38][39] Question: Cash flow requirements for joint ventures - Management explained that the large contributions to equity method investments in Q1 were due to initial capital contributions for joint ventures, which are not expected to continue at that level [45] Question: Margin performance in Global Engineering Solutions - Management attributed the improved margins to strategic prioritization of higher-margin work and strong program performance, while also acknowledging the impact of government shutdown timing [46][47] Question: Opportunities and challenges in NASA contracts - Management expressed excitement about supporting NASA's Artemis II mission and emphasized alignment with new leadership's focus on successful mission delivery and cost constraints [81][83]

Financial Performance - Revenue for the quarter was $3.2 billion, reflecting normalized growth of 3% year-over-year [7][20] - Adjusted EBITDA was $263 million, with margins of 8.1%, representing a 40 basis points year-over-year increase [20] - Adjusted diluted earnings per share increased by 6% year-over-year to $0.54 [20] Business Line Performance - Digital Solutions segment generated revenue of $1.34 billion, a 4% increase, with adjusted EBITDA of $103 million and margins of 7.7% [20] - Global Engineering Solutions reported revenue of $1.9 billion, with adjusted EBITDA of $160 million and margins of 8.4% [20] Market Performance - The company secured $3.3 billion in net bookings, resulting in a book-to-bill ratio of 1x for the quarter and 1.1x for the last 12 months [8] - The backlog grew by 4% to over $47 billion, with $23 billion in proposals awaiting award [8] Company Strategy and Industry Competition - Amentum is focused on three accelerating growth markets: space systems and technologies, critical digital infrastructure, and global nuclear energy [12] - The company aims to prioritize higher-margin work and has seen robust demand in nuclear energy, with nearly $1 billion in awards in the first quarter [9][39] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal year 2026 outlook and long-term strategic growth objectives despite challenges from the government shutdown [5][16] - The company anticipates strong free cash flow in the second quarter and reaffirms full-year guidance for revenue and adjusted EBITDA [24][25] Other Important Information - The company has a healthy liquidity position with $247 million in cash and an undrawn $850 million revolver [22] - Amentum received a credit rating upgrade from Moody's, reducing interest expenses and enhancing financial flexibility [23] Q&A Session Summary Question: Free cash flow progression and potential receivables sales - Management noted that Q1 cash performance was impacted by timing-related factors, with expectations for strong free cash flow in the second quarter [28][29] Question: Award outlook by end market - Management highlighted an increase in funded backlog and expressed confidence in achieving a full-year book-to-bill greater than one [33][34] Question: Nuclear business impact on revenue and profit growth - Management indicated that while nuclear contracts will take time to significantly impact quarterly results, they expect positive contributions on a year-over-year basis [38][39] Question: Impact of joint ventures on cash flow - Management clarified that the large contributions to equity method investments in Q1 were due to initial capital contributions for joint ventures, which are expected to normalize [45] Question: Opportunities and challenges in NASA contracts - Management expressed excitement about supporting NASA's Artemis II mission and emphasized alignment with new leadership's goals for cost and schedule efficiency [81][84]

Group 1 - The U.K. is advancing its nuclear capabilities with the construction of Hinkley Point C and planning for Sizewell C, as part of a global nuclear renaissance [1] - The U.K. has introduced the Advanced Nuclear Framework to expedite the development of advanced reactor technology, learning from past experiences with large reactors [1] - Rolls-Royce has won a competition to be the first to construct a small modular reactor in the U.K., benefiting from the new regulatory framework [1] Group 2 - The U.K. government has made a £300 million investment to establish a High Assay Low Enriched Uranium (HALEU) supply chain, which is essential for advanced reactors requiring higher enrichment levels [1] - Westinghouse, owned by Cameco, is working to reopen the Springfields conversion facility in the U.K. to enhance the nuclear fuel supply chain capacity [1] - The VettaFi Nuclear Renaissance Index includes companies across the nuclear value chain, such as Rolls-Royce, Jacobs Solutions, Amentum, and Cameco, providing investment opportunities in the nuclear sector [1]

Core Insights - The Range Nuclear Renaissance Index ETF (NUKZ) is outperforming its competitors, establishing itself as a valuable investment option in the nuclear energy sector [4][6]. Group 1: ETF Performance and Composition - The Range Nuclear Renaissance Index ETF has over $808 million in assets under management (AUM) despite being less than two years old [5]. - The ETF has a significant overweight in energy stocks at 13.20% compared to the category average of 2.14%, and nearly 55% weight in industrial stocks, which is more than double the category average [9]. - Notable holdings include GE Vernova and Lockheed Martin, which contribute positively to the ETF's performance [10]. Group 2: Geographic and Sector Diversification - The ETF offers geographic diversification, with over a third of its 45 holdings in companies outside the U.S., appealing to investors seeking international exposure [12]. - The fund has a defensive posture with an almost 28% allocation to the utilities sector, more than double that of competing funds, potentially providing protection during market downturns [13]. Group 3: Cost Considerations - The ETF has an expense ratio of 0.85%, which is considered moderate in the ETF space, but may be justified if the nuclear renaissance continues to grow [14].