Centrus Energy

Centrus Energy Corp. engages in the supply of nuclear fuel and services for the nuclear power industry. It operates through the following segments: Low-enriched Uranium (LEU) and Technical Solutions. The LEU segment includes various components of nuclear fuel to utilities from its global network of suppliers. The Technical Solutions segment offers advanced engineering, design, and manufacturing services to government and private sector customers, and is deploying advanced nuclear fuel production capabilities to power existing, and next-generation reactors around the world. The company was founded in October 1992 and is headquartered in Bethesda, MD.

Earnings data Q1 2024

LEU reports strong Q1 earnings, aims to lead in HALEU production

LEU's Q1 2023 performance reflects strong revenue and income, with a focus on HALEU production to meet clean energy needs. The company faces variability in revenue and margins, but holds a substantial order book and aims to capitalize on the growing demand for nuclear fuels and space exploration applications.

Centrus Energy Reports Strong Q2 Earnings, Expands HALEU Market

Centrus Energy's strong performance in the second quarter, particularly in uranium sales, positions the company well for future growth. While facing human resource constraints, Centrus is actively pursuing opportunities in the HALEU market and benefiting from government support for nuclear fuel supply chain investments.

Centrus Energy reports successful Q3 earnings and advances in HALEU production

Centrus Energy's successful quarter, marked by strong financial results and advancements in HALEU production, positions the company as a key player in the domestic uranium enrichment and nuclear fuel security landscape. While challenges exist in providing clear financial guidance and navigating potential policy changes, Centrus is well-positioned to capitalize on growing investor interest in sustainability and clean energy, with significant revenue potential from its HALEU contract with the DOE.

Centrus excels in Q4 earnings, eyes uranium enrichment expansion

LEU's Q4 2023 earnings call highlighted strong financial performance, successful completion of HALEU contract Phase 1, and strategic initiatives to address market demands and regulatory support. Despite challenges in HALEU production, Centrus remains resilient and focused on growth opportunities in uranium enrichment.

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Centrus Energy Corp. engages in the supply of nuclear fuel and services for the nuclear power industry. It operates through the Low-Enriched Uranium (LEU) and Technical Solutions segments. The LEU segment includes various components of nuclear fuel to utilities from its global network of suppliers. The Technical Solutions segment offers advanced engineering, design, and manufacturing services to government and private sector customers, and is deploying advanced nuclear fuel production capabilities to power existing, and next-generation reactors around the world. The company was founded in October 1992 and is headquartered in Bethesda, MD.

BETHESDA, Md. , Dec. 4, 2023 /PRNewswire/ -- Centrus Energy (NYSE American: LEU) President and CEO Dan Poneman will attend COP 28 in Dubai , United Arab Emirates on Wednesday, December 6 th and Thursday, December 7 th to discuss the importance of nuclear energy in meeting the growing global need for clean energy, as well as the need to restore American leadership in the global supply chain for enriched uranium.

Centrus Energy CEO Dan Poneman to Speak at COP 28

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Centrus Energy Corp. (LEU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Centrus Energy Corp. (LEU) Upgraded to Strong Buy: What Does It Mean for the Stock?

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Amir Vexler to Succeed Daniel Poneman as CEO in 2024 BETHESDA, Md. , Nov. 20, 2023 /PRNewswire/ -- Centrus Energy Corp (NYSE American: LEU) announced today that Amir Vexler will succeed Daniel B.

Centrus Energy Announces CEO Transition

Centrus Energy Corporation (NYSE:LEU ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Dan Leistikow - VP, Corporate Communications Daniel Poneman - CEO, President & Director Kevin Harrill - SVP, CFO and Treasurer & Controller and CAO Conference Call Participants Robert Brown - Lake Street Capital Markets Joseph Reagor - ROTH MKM Partners Alexander Rygiel - B. Riley Securities Operator Greetings, and welcome to the Centrus Energy Third Quarter 2023 Earnings Call.

Centrus Energy Corporation (LEU) Q3 2023 Earnings Call Transcript

Began production of High-Assay Low-Enriched Uranium (HALEU) in October 2023 and Completed Phase I of Department of Energy contract in November 2023. Annuitized $186.5 million of pension plan obligations for 1,400 beneficiaries, de-risking balance sheet and improving the capital structure Net income of $8.2 million on $51.3 million in revenue, compared to net loss of $6.1 million on $33.2 million in revenue in Q3 2022 Consolidated cash balance of $183.3 million as of September 30, 2023 BETHESDA, Md.

Centrus Reports Third Quarter 2023 Results

Centrus Energy Corp. is a supplier of enriched uranium for nuclear fuel and services in the United States. The demand for uranium is expected to surge in the coming years, driven by the increasing capacity of nuclear power plants. Centrus Energy has a secure source of uranium and a strong financial outlook, with positive net income and a healthy cash structure.

Centrus Energy: Higher Uranium Demand And Solid Business Outlook Bring Profitable Future

Centrus Energy Corp. (LEU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Centrus Energy Corp. (LEU) Earnings Expected to Grow: Should You Buy?

BETHESDA, Md. , Oct. 30, 2023 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Wednesday, November 8, 2023, at 8:30 a.m.

Centrus to Webcast Conference Call on November 8 at 8:30 a.m. ET

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BETHESDA, Md., Sept. 28, 2023 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) today announced that Daniel B.

Centrus to Participate in TD Cowen's Nuclear Fuel Cycle Roundtable

Centrus Energy Corp. (LEU) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Centrus Energy Corp. (LEU): Can Its 10.7% Jump Turn into More Strength?

Centrus Energy Corp. (LEU) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Centrus Energy Corp. (LEU) Is a Great Choice for 'Trend' Investors, Here's Why

Centrus Energy (LEU) will start producing High-Assay Low-Enriched Uranium at its Piketon, OH plant. It will be the first new U.S. owned uranium enrichment plant to begin production in 69 years.

Centrus Energy (LEU) to Start HALEU Production at Piketon Site

BETHESDA, Md. , Sept. 8, 2023 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) today announced that Daniel B.

Centrus to Participate in H.C. Wainwright's 25th Annual Global Investment Conference

Here's Why Momentum in Centrus Energy Corp. (LEU) Should Keep going

BETHESDA, Md. , Sept. 6, 2023 /PRNewswire/ -- Centrus Energy Corp (NYSE American: LEU) announced today that it expects to begin first-of-a-kind production of High-Assay Low-Enriched Uranium (HALEU) in October 2023, approximately two months ahead of schedule, at the American Centrifuge Plant in Piketon, Ohio.

Centrus to Begin HALEU Production in October

PIKETON, Ohio--(BUSINESS WIRE)-- #advancedfission--Oklo Inc. (“Oklo”) and Centrus Energy Corp. (“Centrus”) (NYSE American: LEU) today announced a new Memorandum of Understanding (“MOU”) between the two companies to support the deployment of Oklo's advanced fission powerhouses and advanced nuclear fuel production in Southern Ohio, making the region a critical hub for the future of the U.S. nuclear industry. Oklo and Centrus have been partners since 2021 when the companies signed a Letter of Intent to cooperate in.

Oklo and Centrus Energy Sign Memorandum of Understanding for Fuel, Components, and Power Procurement to Support the Deployment of Advanced Fission Technologies in Southern Ohio

Centrus is a geopolitical wager betting on deepening the uranium deficit and US nuclear revival at a great price. Centrus has a significantly higher  5y average FCF margin than the energy sector median and the company`s 5Y average. Another positive sign is strong Gross and Net Income margins. On 17 July, the company signed a memorandum of understanding with Terra Power for developing small modular reactors backed by the Gates Foundation.

Centrus Energy: The Most Distinct Energy Company At Great Price

Centrus Energy Corp. (NYSE:LEU ) Q2 2023 Earnings Call Transcript August 4, 2023 8:30 AM ET Company Participants Dan Leistikow - Vice President of Corporate Communications Dan Poneman - CEO, President and Director Philip Strawbridge - Senior VP, CFO, Chief Administrative Officer and Treasurer Kevin Harrill - Controller and Chief Accounting Officer Conference Call Participants Rob Brown - Lake Street Capital Markets Joseph Reagor - The ROTH MKM Operator Greetings, and welcome to Centrus Energy Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Centrus Energy Corp. (LEU) Q2 2023 Earnings Call Transcript

Centrus Energy Corp. (LEU) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $2.51 per share a year ago.

News for Centrus Energy Stock (LEU)