“This collaboration between X-energy and Centrus puts our two companies at the forefront of the effort to supply the fuel for the next generation of nuclear reactors,” said Daniel Poneman, president and CEO of Centrus. “We see great promise in this market and believe the advanced TRISO fuel to be produced in this facility will offer an attractive and competitive solution to power advanced reactors around the world.”
“The past several months have been productive for our sales team in winning new business and broadening our customer base,” said Centrus President and CEO Daniel B. Poneman. “We are encouraged not only by these new sales, but also by the fact that the published price indicators for the spot enrichment market have risen in each of the last two months, which are the first such increases since 2010.”
“Our core nuclear fuel segment showed positive results this quarter as our purchase costs continued to decline,” said Daniel B. Poneman, president and chief executive officer. “Despite a difficult market, we continue to make new sales to bolster our long-term order book, and we are well positioned with a diverse supply base to compete for the new business we anticipate will emerge in the early 2020s.
BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) will broadcast its quarterly conference call with shareholders and the financial community over the Internet on Thursday, November 8, 2018, at 8:30 a.m. EST. The Company will release its third quarter 2018 earnings report for the period ended September 30, 2018, after the close of markets […]
“As we consolidate our centrifuge work into our own facility, this work authorization for K-1600 allows us to help the Department meet its timetable for returning the East Tennessee Technology Park site to the community for reuse and economic development,” said Daniel B. Poneman, Centrus president and chief executive officer. “The new D&D work builds on our recent successful effort to D&D our Ohio facility, advancing our strategic objective to continue to leverage our unique technical capabilities to diversify our business.”
Centrus and Doosan will explore opportunities to cooperate in providing manufacturing, engineering and technical services and goods to the nuclear industry -- including advanced technologies that will be utilized in the next generation of commercial nuclear reactors under development around the world.
“Centrus is working to expand our long-term fuel supply for our customers around the world and to develop the fuel supply infrastructure for the next generation of advanced reactors,” said Daniel B. Poneman, Centrus president and chief executive officer. “While our results this quarter reflect the difficult market dynamics of recent years, the work we have done recently to lock in low-cost sources of supply and secure new long-term sales contracts will show in our future results, as our costs and revenues become more closely aligned.”
The conference call will be open to listeners who 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 23, 2018.
Centrus reported a net loss of $25.0 million or $2.97 per common share (basic and diluted) for the quarter ended March 31, 2018, compared to net income of $7.6 million or $0.73 per common share (basic) and $0.72 per common share (diluted) for the first quarter of 2017, which included a non-recurring gain on early extinguishment of debt of $33.6 million.
Orano will provide Centrus with a substantial long-term supply of SWU beginning after 2020. The supply from Orano provides Centrus with access to over 6 million SWU through 2030, a quantity equivalent to more than 50 reactor-years of nuclear fuel.