Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 24

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 24
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, general and administrative17.0 15.0 2.0 13 %Stock compensation4.7 0.7 4.0 571 %Amortization of intangible assets4.8 4.8 — — %Operating income54.0 10.5 43.5 414 %Nonoperating components of net periodic benefit loss (income)1.9 (16.2)18.1 112 %Interest expense6.5 0.7 5.8 829 %Investment income(15.3)(5.2)(10.1)(194)%Extinguishment of long-term debt(11.8)— (11.8)n/aOther expense, net0.1 0.1 — — %Income before income taxes72.6 31.1 41.5 133 %Income tax expense16.5 6.6 9.9 150 %Net income and comprehensive income$56.1 $24.5 $31.6 129 %

Advanced Technology Costs

Advanced technology costs were $6.3 million and $9.8 million for the six months ended June 30, 2025 and 2024, respectively, a decrease of $3.5 million (or 36%). Advanced technology costs consist of American Centrifuge work and related expenses that are outside of our customer contracts in the Technical Solutions segment, including bid and proposal activities and work to improve our centrifuge manufacturing capability.

51

Selling, General and Administrative

Selling, general and administrative costs were $17.0 million and $15.0 million for the six months ended June 30, 2025 and 2024, respectively, an increase of $2.0 million (or 13%). This increase was due primarily to an increase in marketing costs.

Stock Compensation

Stock compensation expense was $4.7 million and $0.7 million for the six months ended June 30, 2025 and 2024, respectively, an increase of $4.0 million (or 571%). This increase was primarily as a result of a non-cash charge of $3.6 million due to the reclassification of certain Board restricted stock unit grants from equity to liability.

Nonoperating Components of Net Periodic Benefit Loss (Income)

Nonoperating components of net periodic benefit loss (income) netted to a