Centrus Energy Corp (LEU) Q1 2025 Earnings Call Highlights: Strong Financial Performance and ...

GuruFocus News

Fri, May 9, 2025, 3:14 AM 3 min read

Release Date: May 08, 2025

For the implicit transcript of the net call, delight notation to the full net telephone transcript.

• Centrus Energy Corp (LEU) reported beardown fiscal results for Q1 2025, with $73.1 cardinal successful gross and a gross nett of $32.9 million.

• The institution ended the 4th with a robust currency equilibrium of $653 million, positioning it good for aboriginal investments and marketplace fluctuations.

• Centrus Energy Corp (LEU) is the lone institution presently enriching uranium with US-owned technology, providing a strategical vantage successful the home and planetary markets.

• The institution has a important backlog of $3.8 billion, extending to 2040, which includes $2.8 cardinal successful the LEU segment.

• Centrus Energy Corp (LEU) has successfully operated its Halo Cascade astatine the Piketon, Ohio facility, demonstrating its capableness to conscionable nationalist information needs with proven technology.

• The company's quarterly results tin beryllium highly adaptable owed to the quality of its business, with gross and margins fluctuating based connected transportation timing and declaration pricing.

• There is ongoing uncertainty successful the planetary commercialized environment, peculiarly concerning shipments from Russian suppliers, which necessitate circumstantial authorizations.

• The method solutions conception reported little margins owed to delays successful obtaining capable retention cylinders for the Halo cognition contract.

• Centrus Energy Corp (LEU) is awaiting the Department of Energy's determination connected the allocation of $3.4 cardinal successful funding, which introduces uncertainty successful aboriginal planning.

• The competitory scenery for Halo accumulation is evolving, with imaginable caller entrants requiring important clip and concern to get indispensable licenses and facilities.

• Warning! GuruFocus has detected 5 Warning Sign with LEU.

Q: Can you supply an update connected the Department of Energy's (DOE) activities and the adjacent steps you expect? A: The DOE is moving rapidly to grant the $2.7 cardinal successful funding, arsenic confirmed by the Secretary's caller testimony. We consciousness affirmative astir the momentum and expect the funds to beryllium awarded soon. (Respondent: Unidentified_6)

Q: Is the Russian shipment enactment continuing arsenic normal, oregon are determination inactive order-by-order agreements required? A: Shipments necessitate circumstantial authorizations from Russian authorities, but truthful far, the process has not impeded immoderate commitments to us. (Respondent: Unidentified_6)

Q: How agelong would it instrumentality for different entity to prosecute a licence for Halo production, and what challenges mightiness they face? A: Obtaining an NRC licence for Halo accumulation is simply a lengthy process, taking years and requiring tens of millions of dollars. It involves stringent information requirements, particularly for higher enrichment facilities similar Halo. (Respondent: Unidentified_6)