News And Updates

09.22.2016

Centrus Signs Contract for Advancing U.S. Enrichment Technology

BETHESDA, Md. – Centrus Energy Corp. (NYSE MKT: LEU) announced today it has entered into a new follow-on contract with UT-Battelle, LLC, as operator of the U.S. Department of Energy’s Oak Ridge National Laboratory, for maintaining and advancing U.S. gas centrifuge uranium enrichment technology. The contract is valued at approximately $25 million and runs through […]

News Releases

08.10.2016

Centrus Reports Second Quarter 2016 Results

Centrus reported a net loss of $2.9 million or $0.32 per basic and diluted share for the quarter ended June 30, 2016, compared to a net loss of $15.1 million or $1.68 per basic and diluted share for the second quarter of 2015.

News Releases

08.03.2016

Centrus to Webcast Conference Call on August 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 of the website, and a webcast replay will be available through August 25, 2016.

News Releases

05.20.2016

Centrus Appoints Dennis J. Scott as Vice President, General Counsel, Chief Compliance Officer & Corporate Secretary

Mr. Scott will serve as Centrus’ principal legal and corporate governance officer. Mr. Scott has served as acting general counsel since July 2015.

News Releases

05.20.2016

Centrus Appoints Larry B. Cutlip as Vice President of Field Operations

Mr. Cutlip will lead the Company’s activities at its Tennessee, Ohio, and Kentucky sites. In his new role, Mr. Cutlip will be assuming the duties of Steven Penrod, vice president, American Centrifuge, who will be leaving the Company at the end of June after more than 36 years of company service.

News Releases

05.09.2016

Centrus Reports First Quarter 2016 Results

Net loss of $14.6 million on revenue of $90.0 million; Gross profit of $8.1 million for the LEU segment; improved margins on lower sales volume; Costs for demobilization of demonstration cascade of $12.0 million; Cash balance of $180 million at March 31, 2016; On track with annual outlook of $275-300 million in revenue and $200-250 million cash balance for year-end 2016

News Releases

05.03.2016

Centrus to Webcast Conference Call on May 10 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 of the website, and a webcast replay will be available through May 24, 2016.

News Releases

04.12.2016

Centrus and ConverDyn Sign MOU to Explore Joint Sales and Business Development Opportunities

Centrus has signed a memorandum of understanding with ConverDyn to explore the potential for joint sales of the companies’ nuclear fuel products and services to utility customers around the world.

News Releases

04.06.2016

Centrus Energy to Preserve Net Operating Loss Carryforwards and to Protect Centrus Stockholders with Stockholder Rights Plan

Centrus' Board of Directors has adopted a Net Operating Loss stockholder rights plan to seek to preserve its substantial tax assets available to reduce potential future tax liabilities and to protect the interests of the Centrus stockholders.

News Releases

03.28.2016

Centrus Signs Contract for American Centrifuge Work in Tennessee

Under the terms of the agreement, Centrus will continue to perform engineering and testing work to preserve and advance U.S.-origin uranium enrichment technology to support future national security and energy security needs. The contract totals approximately $32.3 million and runs through September 30, 2016.

News Releases