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.
ORNL Will Extend Centrus’ Contract for Advanced Uranium Enrichment Centrifuge Research at Reduced Level
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.
Centrus Reports Third Quarter 2014 Results
$418.9 million net income primarily driven by net reorganization items; Return of Paducah GDP facility reduces future non-production expenses; Cash balance of $105.4 million at September 30, 2014; Year-end 2014 cash balance expected to be greater than $150 million
Centrus to Webcast Conference Call on November 14 at 9 a.m. ET
Centrus will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Friday, November 14, 2014 at 9:00 a.m. ET. The Company will release its third quarter 2014 earnings report for the period ended September 30, 2013, prior to the call on November 14.
Centrus Energy Corp. Regains Compliance with NYSE Listing Standards
Centrus has received notification from the New York Stock Exchange that the Company has regained compliance with the NYSE’s continued listing standards.
Centrus Subsidiary Completes Return of Paducah Gaseous Diffusion Plant to DOE
United States Enrichment Corporation, a subsidiary of Centrus Energy Corp. (NYSE: LEU), today returned full control of the 750-acre uranium enrichment complex near Paducah, Ky. to the U.S. Department of Energy (DOE). The transfer of control occurred at 7:00 a.m. CT and followed a year-long process to prepare the plant for a return to full DOE control.
Centrus Energy Corp. Board Elects Williams as Chairman; Begins Process for CEO Transition
Mikel H. Williams elected chairman of the board; Chief Restructuring Officer John R. Castellano named interim CEO; John Welch to step down later this month; Board establishes committee assignments
Centrus Energy Corp. Emerges from Chapter 11 Restructuring
Stronger balance sheet positions company to compete in global nuclear fuel market; supports U.S. energy and national security