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Mar 31, 2020
Centrus Q1 2020 Earnings Report
Centrus reported a net income for Q1 2020 and an increase in revenue compared to the same period last year.
Key Takeaways
Centrus Energy Corp. reported a net income of $11.3 million for the quarter ended March 31, 2020, compared to a net loss of $20.9 million for the first quarter of 2019. Total revenue for the first quarter of 2020 was $45.0 million, an increase of $6.3 million, or 16%, from the prior year period. The increase was primarily the result of work performed under the high-assay, low-enriched uranium (HALEU) contract.
Net income of $11.3 million, an improvement of $32.2 million compared to the net loss of $20.9 million in Q1 2019.
Consolidated cash balance of $109.2 million as of March 31, 2020.
Revenue from the technical solutions segment increased $10.7 million (or 297%).
Gross profit of $19.6 million, an improvement of $25.1 million compared to the gross loss of $5.5 million in the corresponding period in 2019.
Revenue by Segment
Forward Guidance
Operating results for the three months ended March 31, 2020, are not necessarily indicative of the results that may be expected for the year ending December 31, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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