Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 20

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 20
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5. Costs incurred subsequent to the extension have not yet been subject to a fee, but Centrus expects the fee to be recovered later this year once the extension is definitized.

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 March 31, 2025 Compared with Three Months Ended March 31, 2024

Three Months Ended  March 31, 20252024$ Change% ChangeGross profit$32.9 $4.3 $28.6 665 %Advanced technology costs3.0 5.7 (2.7)(47)%Selling, general and administrative8.3 8.1 0.2 2 %Amortization of intangible assets1.1 1.1 — — %Operating loss20.5 (10.6)31.1 293 %Nonoperating components of net periodic benefit loss (income)0.9 0.1 0.8 800 %Interest expense3.4 0.4 3.0 750 %Investment income(7.3)(2.8)(4.5)(161)%Extinguishment of long-term debt(11.8)— (11.8)n/aOther expense, net0.1 0.1 — — %Income (loss) before income taxes35.2 (8.4)43.6 519 %Income tax benefit8.0 (2.3)10.3 448 %Net income (loss) and comprehensive income (loss)$27.2 $(6.1)$33.3 546 %

Advanced Technology Costs

Advanced technology costs were $3.0 million and $5.7 million for the three months ended March 31, 2025 and 2024, respectively, a decrease of $2.7 million (or 47%). 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.

46

Interest Expense

Interest expense was $3.4 million and $0.4 million for the three months ended March 31, 2025 and 2024, respectively, an increase of $3.