Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 86

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 86
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 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.

13.  SEGMENT INFORMATION

Gross profit is the Company’s measure for segment reporting. Total revenues for each of the Company’s business segments in the following tables exclude intersegment sales as these activities are eliminated in consolidation and thus are not included in management’s evaluation of performance of each segment. Sales between segments are recorded as if the sales were to third parties, that is, at contractual or market prices at the time of the sale. Such intercompany operating income is eliminated in consolidation, so that the Company’s total sales and total operating income reflect only those transactions with external customers. 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):

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 Three Months Ended  September 30, 2025Nine Months Ended  September 30, 20252025202420252024RevenueLEU segment:Separative work units$10.7 $34.8 $187.7 $198.1 Uranium34.1 — 34.1 29.9 Intersegment revenue, eliminated on consolidation6.3 — 12.4 — Total51.1 34.8 234.2 228.0 Technical Solutions segment30.1 22.9 80.7 62.4 Total81.2 57.7 $314.9 $290.4 Elimination of intersegment revenue(6.3)— (12.4)— Total revenue$74.9 $57.7 $302.5 $290.4 Cost of SalesLEU segment:Separative work units and uranium$52.6 $29.6 $147.7 $189.3 Intersegment cost of sales, eliminated on consolidation6.4 — 10.7 — Total59.0 29.6 158.4 189.3 Technical Solutions segment26.6 19.2 72.3 51.4 Total85