Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 183

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 183
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 66 %Advanced technology costs8.0 13.9 (5.9)(42)%Selling, general and administrative25.9 24.6 1.3 5 %Equity-related compensation5.3 1.1 4.2 382 %Amortization of intangible assets5.9 7.2 (1.3)(18)%Operating income37.4 2.9 34.5 1,190 %Nonoperating components of net periodic benefit loss (income)2.9 (15.4)18.3 119 %Interest expense9.9 0.8 9.1 1,138 %Investment income(28.2)(7.8)(20.4)(262)%Extinguishment of long-term debt(11.8)— (11.8)n/aOther expense, net— 0.1 (0.1)(100)%Income before income taxes64.6 25.2 39.4 156 %Income tax expense4.6 5.7 (1.1)(19)%Net income and comprehensive income$60.0 $19.5 $40.5 208 %

Advanced Technology Costs

Advanced technology costs were $8.0 million and $13.9 million for the nine months ended September 30, 2025 and 2024, respectively, a decrease of $5.9 million (or 42%). 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 enrichment capability.

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Equity-Related Compensation

Equity-related compensation expense was $5.3 million and $1.1 million for the nine months ended September 30, 2025 and 2024, respectively, an increase of $4.2 million (or 382%). 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 loss of $2.9 million and income of $15.4 million for the nine months ended September 30, 2025 and 2024, respectively, a