Strong Financial Performance
Centrus Energy reported $73.1 million in revenue, a $29.4 million increase compared to the same quarter last year, and $27.2 million in net income compared to a net loss of $6.1 million in the same quarter last year.
LEU Segment Success
The LEU business generated $51.3 million in SWU revenue, marking an increase of $27.7 million compared to the same quarter last year, with a significant decrease in SWU costs resulting in a gross profit of $31.2 million.
Strong Cash Position
Centrus ended the first quarter with a cash balance of $685.7 million, which includes $32.7 million of restricted cash, allowing for strategic investments and weathering market fluctuations.
HALEU Production Milestone
Successfully delivered approximately 670 kilograms of HALEU to the Department of Energy, demonstrating continuous and safe centrifuge operations over the past 19 months.