Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 165

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 165
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 was primarily attributable to an increase in net nonoperating expenses of $14.5 million, driven by a change of $17.3 million in nonoperating components of net periodic benefit expense and an increase of $3.7 million in stock compensation. This was partially offset by an increase of $17.4 million in gross profit, as discussed above.  

Six Months Ended June 30, 2025 Compared with Six Months Ended June 30, 2024

Six Months Ended  June 30,20252024$ Change% ChangeGross profit$86.8 $40.8 $46.0 113 %Advanced technology costs6.3 9.8 (3.5)(36)%Selling, general and administrative17.0 15.0 2.0 13 %Stock compensation4.7 0.7 4.0 571 %Amortization of intangible assets4.8 4.8 — — %Operating income54.0 10.5 43.5 414 %Nonoperating components of net periodic benefit loss (income)1.9 (16.2)18.1 112 %Interest expense6.5 0.7 5.8 829 %Investment income(15.3)(5.2)(10.1)(194)%Extinguishment of long-term debt(11.8)— (11.8)n/aOther expense, net0.1 0.1 — — %Income before income taxes72.6 31.1 41.5 133 %Income tax expense16.5 6.6 9.9 150 %Net income and comprehensive income$56.1 $24.5 $31.6 129 %

Advanced Technology Costs

Advanced technology costs were $6.3 million and $9.8 million for the six months ended June 30, 2025 and 2024, respectively, a decrease of $3.5 million (or 36%). 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.

51

Selling, General and Administrative

Selling, general and administrative costs were $17.0 million and $15.0 million for the six months ended