Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 22

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 22
---
. 

49

Non-Segment Information

The following tables present elements of the accompanying Consolidated Statements of Operations and Comprehensive Income that are not 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% ChangeGross profit$53.9 $36.5 $17.4 48 %Advanced technology costs3.3 4.1 (0.8)(20)%Selling, general and administrative9.2 7.1 2.1 30 %Stock compensation4.2 0.5 3.7 740 %Amortization of intangible assets3.7 3.7 — — %Operating loss33.5 21.1 12.4 59 %Nonoperating components of net periodic benefit loss (income)1.0 (16.3)17.3 106 %Interest expense3.1 0.3 2.8 933 %Investment income(8.0)(2.4)(5.6)(233)%Income before income taxes37.4 39.5 (2.1)(5)%Income tax benefit8.5 8.9 (0.4)(4)%Net income and comprehensive income$28.9 $30.6 $(1.7)(6)%

Selling, General and Administrative

Selling, general and administrative costs were $9.2 million and $7.1 million for the six months ended June 30, 2025 and 2024, respectively, an increase of $2.1 million (or 30%). This increase was due primarily to an increase in marketing costs.

Stock Compensation

Stock compensation expense was $4.2 million and $0.5 million for the six months ended June 30, 2025 and 2024, respectively, an increase of $3.7 million (or 740%). 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 $1.0 million and income of $16