Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 120

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 120
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 the Price-Anderson Act and other contractual provisions.Centrus is subject to various legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business. While the outcome of these claims cannot be predicted with certainty, Centrus does not believe that the outcome of any of these legal matters, individually and in the aggregate, will have a material adverse effect on its cash flows, results of operations, or consolidated financial condition.

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12.  SEGMENT INFORMATION

Gross profit is the Company’s measure for segment reporting. There were no intersegment sales in the periods presented. Refer to Note 2, Revenue and Contracts with Customers, for additional details on revenue for each segment. The following table presents the Company’s segment information (in millions): Three Months Ended  March 31,20252024RevenueLEU segment:Separative work units$51.3 $23.6 Uranium— — Total51.3 23.6 Technical Solutions segment21.8 20.1 Total revenue$73.1 $43.7 Cost of SalesLEU segment:Separative work units and uranium$20.1 $23.1 Total20.1 23.1 Technical Solutions segment20.1 16.3 Total cost of sales$40.2 $39.4 Segment Gross ProfitLEU segment$31.2 $0.5 Technical Solutions segment1.7 3.8 Gross profit$32.9 $4.3 Reconciliation to Income before income taxesAdvanced technology costs$3.0 $5.7 Selling, general and administrative8.3 8.1 Amortization of intangible assets1.1 1.1 Nonoperating components of net periodic benefit loss0.9 0.1 Interest expense3.4 0.4 Investment income(7.3)(2.8)Extinguishment of long-term debt(11.8)— Other expense, net0.1 0.1 Income (loss) before income taxes$35.2 $(8.4)The Company’s total assets are not presented for each reportable segment as they are not reviewed by, nor otherwise regularly provided to the chief operating decision maker (“CODM”), the CEO. The CODM uses revenue, cost of sales and gross profit to allocate resources (including personnel and financial