Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 65

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 65
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 calculating diluted net income per share, the number of shares is increased by the weighted average number of potential common shares related to stock compensation awards, including restricted stock units, restricted stock, and stock options and shares issuable under convertible notes. No dilutive effect is recognized in a period in which a net loss has occurred. On November 7, 2024, Centrus issued $402.5 million aggregate principal amount 2.25% Convertible Notes due 2030. The dilutive impact of the 2.25% Convertible Notes on the calculation of diluted income per share is considered using the if-converted method. However, because the principal amount of the 2.25% Convertible Notes must be settled in cash, the dilutive impact of applying the if-converted method is limited to the in-the-money portion, if any, of the 2.25% Convertible Notes.The weighted average number of common and common equivalent shares used in the calculation of basic and diluted net income per share are as follows: Three Months Ended  June 30,Six Months Ended  June 30,2025202420252024Numerator (in millions):Net income$28.9 $30.6 $56.1 $24.5 Denominator (in thousands):Average common shares outstanding - basic17,70316,18517,34416,045Potentially dilutive shares related to stock compensation awards60416280Potentially dilutive shares related to 2.25% Convertible Notes358— — — Average common shares outstanding - diluted18,121 16,226 17,406 16,125 Net income per share (in dollars):Basic$1.63 $1.89 $3.23 $1.53 Diluted$1.59 $1.89 $3.22 $1.52 Common stock equivalents excluded from the diluted calculation because they would have been antidilutive (in thousands)—3—3

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10.  STOCKHOLDERS’ EQUITY

2023 Shelf RegistrationThe Company filed a shelf registration statement on Form S-3 (File No. 333-272984) with the SEC on June 28, 2023, which became effective on July 10, 2023. Pursuant to this shelf registration statement, the Company may offer and sell up to $200.0 million in securities, in aggregate.