Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 177

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 177
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 also preserving our unique workforce at our Technology and Manufacturing Center in Oak Ridge, Tennessee, and our production facility near Piketon, Ohio. 

50

Results of Operations

Segment Information

The following tables present elements of the accompanying Consolidated Statements of Operations and Comprehensive Income that are categorized by segment (dollar amounts in millions):

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

Three Months Ended  September 30, 20252024$ Change% ChangeLEU segment  Revenue:  SWU revenue$10.7 $34.8 $(24.1)(69)%Uranium revenue34.1 — 34.1 n/aTotal44.8 34.8 10.0 29 %Cost of sales52.6 29.6 23.0 78 %Gross profit (loss)$(7.8)$5.2 $(13.0)(250)%Technical Solutions segment  Revenue$30.1 $22.9 $7.2 31 %Cost of sales26.6 19.2 7.4 39 %Gross profit$3.5 $3.7 $(0.2)(5)%Total  Revenue$74.9 $57.7 $17.2 30 %Cost of sales79.2 48.8 30.4 62 %Gross profit (loss)$(4.3)$8.9 $(13.2)(148)%

Revenue

Revenue from the LEU segment was $44.8 million and $34.8 million for the three months ended September 30, 2025 and 2024, respectively, an increase of $10.0 million (or 29%). The Company had uranium revenue of $34.1 million for the three months ended September 30, 2025. SWU revenue decreased by $24.1 million as a result of a 69% decrease in the average price of SWU sold. 

Revenue from the Technical Solutions segment was $30.1 million and $22.9 million for the three months ended September 30, 2025 and 2024, respectively, an increase of $7.2 million (or 31%). The increase in revenue is primarily attributable to a $7.3 million increase in revenue generated by the HALEU Operation Contract,