Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 159

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 159
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ALEU Operation Contract. Subject to the availability of sufficient funding and off-take commitments, our goal is to expand our uranium enrichment capacity to meet the full range of U.S. government and commercial requirements for enriched uranium. With our government and private sector customers, we seek to leverage our domestic enrichment experience as well as our engineering know-how and precision manufacturing facility to assist customers with a range of engineering, design, and advanced manufacturing projects, including the production of fuel-related components for next-generation nuclear reactors and the development of related facilities. We continue to invest in advanced technology because of the potential for future growth into new areas of business for the Company, while also preserving our unique workforce at our Technology and Manufacturing Center in Oak Ridge, Tennessee, and our production facility near Piketon, Ohio. 

46

Results of Operations

Segment Information

The following tables present elements of the accompanying Consolidated Statements of Operations and Comprehensive Income that are categorized by segment (dollar amounts in millions):

Three Months Ended June 30, 2025 Compared with Three Months Ended June 30, 2024

Three Months Ended  June 30, 20252024$ Change% ChangeLEU segment  Revenue:  SWU revenue$125.7 $139.7 $(14.0)(10)%Uranium revenue— 29.9 (29.9)(100)%Total125.7 169.6 (43.9)(26)%Cost of sales75.0 136.6 (61.6)(45)%Gross profit$50.7 $33.0 $17.7 54 %Technical Solutions segment  Revenue$28.8 $19.4 $9.4 48 %Cost of sales25.6 15.9 9.7 61 %Gross profit$3.2 $3.5 $(0.3)(9)%Total  Revenue$154.5 $189.0 $(34.5)(18)%Cost of sales100.6 152.5 (51.9)(34)%Gross profit$53.9 $36.5 $17.4 48 %

Revenue

Revenue from the LEU segment was $125.7 million and $169.6 million for the three months ended June 30, 2025 and 2024, respectively, a decrease of $43.9 million (or 26%). Uranium