Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 163

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 163
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 increase for the six months ended June 30, 2025 was due to the composition of contracts in the period.

Gross profit for the Technical Solutions segment was $4.9 million and $7.3 million for the six months ended June 30, 2025 and 2024, respectively, a decrease of $2.4 million (or 33%). The decrease was primarily attributable to the factors discussed above. Because of the delay in completing Phase 2 of the HALEU Operation Contract, in November 2024, DOE extended Phase 2 to June 30, 2025. Costs incurred subsequent to the extension have not yet been subject to a fee as this portion of Phase 2 remains undefinitized and is subject to negotiation. 

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,