Welcome to our dedicated page for Centrus Energy news (Ticker: LEU), a resource for investors and traders seeking the latest updates and insights on Centrus Energy stock.
Centrus Energy Corp. (LEU) provides essential nuclear fuel solutions through American centrifuge technology, serving utilities and advanced reactor developers worldwide. This news hub offers investors and industry professionals direct access to verified updates about the company's operations, partnerships, and technological advancements.
Track all official announcements including quarterly earnings, contract awards with utility providers, Department of Energy collaborations, and progress in domestic uranium enrichment capabilities. Our curated feed ensures you never miss critical developments in LEU production, HALEU initiatives, or strategic public-private partnerships.
Discover updates categorized for easy navigation: financial performance disclosures, regulatory milestones, technology deployments, and supply chain developments. Each entry provides context about LEU's role in strengthening U.S. energy security through nuclear fuel innovation.
Bookmark this page for streamlined monitoring of Centrus Energy's progress in restoring America's uranium enrichment leadership. Check back regularly for unfiltered access to primary source materials and analysis-neutral reporting on company activities.
Centrus Energy Corp. (NYSE: LEU) has secured new nuclear fuel sales contracts worth approximately $225 million over the past year, marking its strongest sales period since 2015. These contracts, spanning from 2021 to 2027, include deliveries to North America, Asia, and Europe. The revenue will be recognized upon delivery. Centrus emphasizes its commitment to customer relationships and aims to remain a preferred supplier in the nuclear fuel market. The company has provided over 1,750 reactor years of fuel since its inception.
Centrus Energy Corp. (NYSE American: LEU) reported a net income of $5.1 million for Q1 2021, down from $11.3 million in Q1 2020. The loss attributed to common shareholders was $2.2 million, or $0.17 per share, due to a common to preferred share exchange. Total revenue increased by 24%, reaching $55.6 million, driven by a $7.4 million rise in the LEU segment's sales. However, gross profit fell to $11.7 million from $19.6 million year-over-year. Centrus ended the quarter with $163.3 million in cash and a robust order book of $989 million.
Centrus Energy Corp. (NYSE American: LEU) will conduct its quarterly conference call on May 12, 2021, at 8:30 a.m. ET. The first quarter earnings report, covering the period ending March 31, 2021, will be released after market close on May 11, 2021. Interested parties can access the call via the Company's website, where a replay will be available until May 21, 2021.
Centrus Energy is a key supplier in the nuclear power sector, providing over 1,750 reactor years of fuel, equivalent to 7 billion tons of coal, and advancing new centrifuge technologies.
Centrus Energy Corp. (NYSE American: LEU) reported significant financial improvements for 2020, achieving a net income of $54.4 million or $0.57 per diluted share, up from a net loss of $16.5 million in 2019. Total revenues increased 18% to $247.2 million, with the LEU segment contributing $190.5 million. The company raised $25 million through a stock offering and completed a $30.4 million pension plan annuitization. New LEU sales commitments exceeded $100 million from November to January, while cash reserves stood at $152 million.
Centrus Energy Corp. (NYSE American: LEU) will hold its quarterly conference call on March 19, 2021, at 8:30 a.m. ET. The company will release its fourth quarter earnings report for 2020 on March 18, 2021, after market close. The call will be accessible via the company's website, with a replay available until April 3, 2021. Centrus Energy supplies nuclear fuel services, emphasizing reliable and diverse sources to meet rising demands for clean energy. Since 1998, it has provided over 1,750 reactor years of fuel, equating to 7 billion tons of coal.
Centrus Energy Corp. (NYSE American: LEU) announced the final results of its tender offer to buy back up to $60 million of its Series B Senior Preferred Stock. The purchase price was set at $954.59 per share, a 25% discount from the liquidation value. The offer, which closed on November 17, 2020, was oversubscribed with 62,854 shares accepted for purchase, representing approximately 60% of the outstanding shares. A final proration factor of 67.815% was applied, with 92,735 shares tendered.
Centrus Energy Corp. (LEU) announced the preliminary results of its cash tender offer to purchase up to $60 million of its Series B Senior Preferred Stock, set at $954.59 per share, a 25% discount from the liquidation price. The offer, which expired on November 17, 2020, was oversubscribed with approximately 92,735 shares tendered. The company expects to purchase about 60% of the outstanding shares on a pro rata basis, with a preliminary proration factor of 67%. Payment for shares will be made on or around November 20.
Centrus Energy Corp. reported a net loss of $7.0 million for Q3 2020, a significant drop compared to a net income of $22.8 million in Q3 2019. The loss per share was $0.83, down from $2.18. Total revenue fell to $33.6 million, down $71.1 million year-over-year, with no SWU deliveries contributing to a 79% decline in this segment. However, the company anticipates higher revenue in Q4 2020. Cash balance at the end of Q3 was $152.8 million. Despite challenges, Centrus is on schedule for its HALEU demonstration plant completion in 2022.
Centrus Energy Corp. (NYSE: LEU) will host a quarterly conference call on November 13, 2020, at 8:30 a.m. ET, to discuss its third quarter earnings report for 2020, which will be released post-market on November 12, 2020. The call will be accessible via the Company’s website, with a playback available until November 23, 2020. Centrus has been a key supplier of nuclear fuel, providing over 1,750 reactor years of fuel since 1998, equivalent to 7 billion tons of coal. For more details, visit www.centrusenergy.com.
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