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Mar 31, 2021
Centrus Q1 2021 Earnings Report
Centrus reported a net income of $5.1 million and revenue of $55.6 million for Q1 2021.
Key Takeaways
Centrus Energy Corp. reported a net income of $5.1 million for the quarter ended March 31, 2021, with total revenue of $55.6 million. The increase in revenue was primarily driven by increased volume in the LEU segment and increased work performed under the HALEU and X-energy contracts. The company's consolidated cash balance stood at $163.3 million as of March 31, 2021.
Net income was $5.1 million on revenue of $55.6 million.
LEU segment revenue increased due to increased volume, while average SWU prices decreased.
Technical solutions segment revenue increased due to work on HALEU and X-energy contracts.
Consolidated cash balance was $163.3 million as of March 31, 2021.
Forward Guidance
Centrus continues to make progress, building on our return to profitability in 2020. With new sales commitments and the continued progress on the HALEU program, we’re in a good position moving forward.
Positive Outlook
- New sales commitments
- Continued progress on the HALEU program
- Focus on customers’ needs
- Hard work to reduce debt
- Lower cost structure
Challenges Ahead
- Risks related to natural and other disasters
- Risks related to financial difficulties experienced by customers
- Risks related to pandemics and other health crises, such as the global COVID-19 pandemic
- The impact and potential extended duration of the current supply/demand imbalance in the market for low-enriched uranium
Historical Earnings Impact
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Avg. Return Before/After Earnings
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