Category: News Releases
11.09.2016
Centrus Reports Third Quarter 2016 Results
Gross loss of $2.1 million for the third quarter and gross profit of $19.2 million for nine-month period ended September 30, 2016; Net loss of $41.3 million for the quarter on revenue of $21.4 million; Company expects to generate approximately 40 percent of 2016 revenue in the fourth quarter; On track to achieve 2016 guidance of $275-$300 million in revenue
11.07.2016
Centrus to Webcast Conference Call on November 10 at 8:30 a.m. ET
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 November 24, 2016.
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 […]
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.
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.
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.
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.