NYSE MKT has accepted Centrus’ plan to regain compliance with the exchange’s continued listing standards, and the company’s common stock will continue to be traded on the exchange, subject to ongoing monitoring by the exchange and the Company’s compliance with all other applicable NYSE MKT requirements.
Centrus Energy Corp.’s Continued Listing Plan Accepted by NYSE MKT
Centrus Establishes Advisory Board of Distinguished National Security and Business Leaders
Members of the board have advised U.S. presidents of both parties, served at the highest levels of government and industry, and have deep subject-matter expertise. The diverse membership reflects a broad consensus about the importance of maintaining U.S. leadership in uranium enrichment and nuclear power.
Centrus and TENEX Agree on Decade of Reliable Supply
Centrus and TENEX have reached agreement to modify the terms of the long-term supply contract the two companies signed in 2011 and to extend their contractual relationship through 2026.
Omnibus Appropriations Legislation Supports Continued Advances in U.S. Enrichment Technology
Funding for research, development and demonstration continues
Centrus Receives Non-Compliance Notice from NYSE MKT
Company remains listed on NYSE MKT; Expects strong 4th Quarter revenues; Reiterates annual guidance for revenue and cash balance
Centrus Reports Third Quarter 2015 Results
Cash balance of $180.3 million at September 30, 2015; Year-end 2015 cash balance expected to be in range of $175 - $200 million; $55.1 million net loss includes remeasurement of pension obligations and a special charge for anticipated workforce reductions; Approximately 40 percent of annual revenue expected in the fourth quarter
Centrus to Webcast Conference Call on November 11 at 8:30 a.m. ET
The conference call with shareholders and analysts will be open to listeners, who may log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section, and a webcast replay will be available through November 25, 2015.
ORNL Will Extend Centrus’ Contract for Advanced Uranium Enrichment Centrifuge Research at Reduced Level
Centrus confirmed today that ORNL has informed Centrus that it intends to extend its contract with the Company at a reduced level for research on the world’s most advanced uranium enrichment centrifuges.
Centrus Appoints SVPs of Business Strategy and Business Operations
Kevin Alldred will be appointed as senior vice president, business strategy and Elmer Dyke as senior vice president, business operations. Alldred and Dyke’s appointments will be effective on October 1 and September 1, respectively.
Centrus to Webcast Conference Call on August 26 at 8:30 a.m. ET
The conference call with shareholders and analysts will be open to listeners, who may log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section, and a webcast replay will be available through September 9, 2015.
Centrus Reports Second Quarter 2015 Results
Net loss of $15.1 million on revenue of $63.3 million for the quarter; gross profit of $11.2 million for six-month period ending June 30, 2015; cash balance of $218.5 million at June 30, 2015; anticipated year-end 2015 cash balance is reiterated and expected to be in the range of $175 million to $200 million
Centrus Appoints Stephen S. Greene as Senior Vice President and CFO
Centrus announced today that Stephen S. Greene has been appointed senior vice president, chief financial officer and treasurer, effective July 24, 2015. Mr. Greene has served as vice president, finance and treasurer since 2007.
Centrus Reports First Quarter 2015 Results
Revenue of $167.8 million and gross profit of $6.9 million are higher than comparative period in 2014; Cash balance of $225 million at March 31, 2015; Anticipated year-end 2015 cash balance is reiterated and expected to be in the range of $175 million to $200 million
Centrus to Webcast Annual Meeting of Shareholders on May 7
Centrus will webcast its annual meeting of shareholders to be held on Thursday, May 7, 2015, at 10:00 a.m. EDT. The live audio webcast of the annual meeting can be accessed by investors and other interested parties through the Company’s website.
Centrus Energy Corp. Announces Management Transition
Senior Vice President and Chief Operating Officer Robert Van Namen will be stepping down from his position at Centrus on May 29, 2015
Centrus Reports Year-end 2014 Results
$297.8 million net income primarily driven by net reorganization items; Cash balance of $218.8 million at December 31, 2014; Year-end 2015 cash balance expected to be in the range of $175 to $200 million
Centrus to List Shares on NYSE MKT
Centrus believes that the NYSE MKT trading platform is a better fit for its anticipated market capitalization and daily trading volume while allowing the Company to maintain its long-term relationship with the NYSE.
Daniel Poneman Selected as Centrus President and CEO
Former deputy secretary of energy has decades of leadership in nuclear power; Poneman joins Centrus at pivotal moment to lead effort to move the Company forward; Sees key role for the American Centrifuge technology in providing a domestic source of uranium enrichment for national security and energy security
Centrus’ American Centrifuge Technology Demonstration and Operations Agreement Extended
Oak Ridge National Laboratory exercises six-month option to continue demonstration and operation of sole U.S. uranium enrichment technology
Statement: Omnibus Appropriations Bill Funds Continued Demonstration Program for the American Centrifuge Technology
A Statement from Centrus about the FY2015 omnibus appropriations bill signed by President Obama on December 16, 2014.
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