Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 111

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 111
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 for the nine months ended September 30, 2025 was due to the composition of contracts in the period.

Gross profit for the Technical Solutions segment was $8.4 million and $11.0 million for the nine months ended September 30, 2025 and 2024, respectively, a decrease of $2.6 million (or 24%). The decrease was primarily attributable to the factors discussed above. Because of the delay in completing Phase 2 of the HALEU Operation Contract, DOE extended Phase 2 through October 31, 2025. Costs incurred subsequent to November 2024 have not yet been subject to a fee as this portion of Phase 2 remains undefinitized and is subject to negotiation. 

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Non-Segment Information

The following tables present elements of the accompanying Consolidated Statements of Operations and Comprehensive Income that are not 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% ChangeGross profit (loss)$(4.3)$8.9 $(13.2)(148)%Advanced technology costs1.7 4.1 (2.4)(59)%Selling, general and administrative8.9 9.6 (0.7)(7)%Equity-related compensation0.6 0.4 0.2 50 %Amortization of intangible assets1.1 2.4 (1.3)(54)%Operating loss(16.6)(7.6)(9.0)(118)%Nonoperating components of net periodic benefit loss1.0 0.8 0.2 25 %Interest expense3.4 0.1 3.3 3,300 %Investment income(12.9)(2.6)(10.3)(396)%Other income, net(0.1)— (0.1)n/aLoss before income taxes(8.0)(5.9)(2.1)(36)%Income tax benefit(11.9)(0.9)(11.0)(1,222)%Net income (loss) and comprehensive income (loss)$3.9 $(5.0)$8.9 178 %

Advanced Technology Costs

Advanced technology costs were $1.7 million and $4.1 million for the three months