Centrus Energy Corp.
Centrus Energy Reports Strong Q1 2025 Financial Results and Redeems 8.25% Notes
Summary
Centrus Energy Corp. reported net income of $27.2 million for the first quarter of 2025 on revenue of $73.1 million, representing a significant increase from the net loss of $6.1 million on revenue of $43.7 million in Q1 2024. The company also redeemed its 8.25% Notes, resulting in a gain of $11.8 million. The strong financial performance was driven by higher revenue from the LEU segment and the Technical Solutions segment. Centrus' backlog as of March 31, 2025, stands at $3.8 billion, extending to 2040. A press release with further details is furnished as Exhibit 99.1.
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Exhibits (1)
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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.
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