Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 113

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 113
---
 benefit of $11.0 million, a decrease in net nonoperating expenses of $6.9 million, driven by an increase of $10.3 million in investment income, and a decrease of $2.4 million in advanced technology costs. This was partially offset by a decrease of $13.2 million in gross profit, as discussed above. 

Nine Months Ended September 30, 2025 Compared with Nine Months Ended September 30, 2024

Nine Months Ended  September 30,20252024$ Change% ChangeGross profit$82.5 $49.7 $32.8 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.

55

Equity-Related Compensation

Equity-related compensation expense was $5.3 million and $1.1 million for the nine