Category: 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.
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
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.
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.
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.
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.
03.21.2016
Centrus Energy Corp. Reports Financial Results for the Fourth Quarter and Full Year 2015
Gross profit of $69 million, compared to losses in 2014 and 2013; Net loss of $187.4 million following non-cash charge of $137.2 million for the impairment of excess reorganization value; Positive cash flow from operations increases year-end cash balance to $234 million
03.16.2016
Centrus to Webcast Conference Call on March 22 at 8:30 a.m. ET
Centrus will broadcast its quarterly conference call over the Internet on March 22, 2016, at 8:30 a.m. ET. The Company will release its year-end earnings report for its fiscal 2015 after the close of markets on Monday, March 21.
03.08.2016
Centrus Announces Multiple New Sales Contracts Valued at $165 Million
Centrus Energy Corp. (NYSE MKT: LEU) announced today that it has signed several new sales contracts in the last nine months to supply its utility customers with enriched uranium fuel.
02.19.2016
Centrus Completes American Centrifuge Demonstration in Ohio; Workforce Reductions to Begin
Centrifuge research, engineering and testing work will continue in Oak Ridge, Tenn.; Ohio centrifuge cascade to be demobilized after successful three-year demonstration; Centrus preserving NRC license and options for future use of Ohio facility