Centrus Energy Corp.
Centrus Energy Reports Full Year 2023 Financial Results
Summary
Centrus Energy Corp. reported its full-year 2023 financial results on February 8, 2024. The company achieved a net income of $84.4 million for the year, compared to $52.2 million in 2022. The total revenue for 2023 was $320.2 million, with an unrestricted cash balance of $201.2 million as of December 31, 2023. Centrus also updated its HALEU (High Assay Low Enriched Uranium) operations, revealing the beginning of enrichment operations on October 11, 2023, and delivering 20 kilograms of HALEU UF6 by November 7, 2023. Additionally, Centrus completed the annuitization of its defined benefit pension plan obligations on October 12, 2023.
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About Centrus Energy Corp.
Centrus Energy Corp. is a diversified energy company focusing on the supply of nuclear fuel and services for the global nuclear power industry. The primary function of the company is to provide enriched uranium, a critical component in the production of nuclear energy. Centrus Energy plays a significant role in the nuclear fuel cycle, participating in activities that range from uranium enrichment to nuclear fuel sales. This firm is vital to the power generation sector, particularly in regions where nuclear power is a significant energy source. With its versatile offerings, Centrus Energy engages with both domestic and international markets, reflecting its strategic importance in maintaining the reliability and efficiency of nuclear energy production. Its operations ensure the availability of supply chains for nuclear power plants, contributing to energy security and environmentally sustainable energy solutions. Headquartered in Bethesda, Maryland, Centrus continues to support the transition towards cleaner energy alternatives and remains a key player in the evolving landscape of global energy production.
Official SEC Documents
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